BRITISH
Airways has posted an impressive year-on-year interim pre-tax profit of £245
million, up from £5 million last year.
Figures
for the three months to September 30 revealed the airline had managed to reduce
costs by 14.3% as a result of its Future Size and Shape strategy.
Cost
reductions were key to the quarter’s success as both revenues and passenger
figures fell due to continued economic and political uncertainty.
BA chairman Lord Marshall said: “While the travel market
continues to be subject to global, economic and political uncertainty, the
revenue outlook has stabilised.”