British Airways

“"the airline reported a spectacular £401m loss on Friday, but should boss Willie Walsh be more concerned..."”

“its premium passenger numbers for May tumbled 17.2 per cent, as airlines struggle to fill seats during the downturn.”

“Overall passenger numbers were down 6.5 per cent, suggesting the previous month’s rise may have been a blip.”

“The number had tumbled downwards for 13 straight months before a surge in travel over Easter led to a 0.9 per cent gain in April.”

“BA cut its capacity last month by 5.3 per cent, less than the drop in traffic. This meant its load capacity dropped one percentage point to 75.1 per cent.”

“airline British Airway axed its dividend altogether”

“last year’s dividend was actually the first it managed to pay out since 2001”

“The flag carrier lost £531m ($766m) in the 12 months to March - BA's biggest loss since it was privatised in 1987.”

“That adds to the £401m it lost in the 2008-9 financial year”

“Revenues at the airline were down £1bn on last year, BA said, though it managed to cut costs by nearly £990m - a £600m saving coming from lower fuel costs over the year.”

“The airline said it currently had £1.7bn in the bank.”

“the airline reported a spectacular £401m loss on Friday”