Business Leap Frontier

British Airways (BA) received a profit of £37 million during the three months to the end of June 2008 but for the same period of this year the airliner has got a pre-tax loss of around £148 million. The BBC reported that chief executive of British Airways Willie Walsh said the very tough year for airlines and made trading conditions particularly challenging with passengers curb on spending.

Walsh told traffic amounts are starting to get stable and demonstrate several signs of progress for the peak European summer session. The airliner has already cut capital expenses by 20 percent this year. However, British Airways ( BA ) faces likely industrial action on its efforts to shrink costs as well as staffing numbers.