LONDON (SHARECAST) - British Airways is due to publish third quarter results, a week after the carrier warned that it expects to report a full-year operating loss of £150m as it has been hit by the deteriorating economic outlook and the weaker pound.
“Further economic weakness in January and the outlook for February and March combined with the fall in sterling, are impacting our outlook for the year ended 31 March 2009,” the group said at the time.
BA will also update the market on January traffic figures, the same week Ryanair and Easyjet announced their passenger statistics.
Lower fares have boosted budget airline Ryanair, which flew more than 4m passengers in January, up 11% on a year ago and enough to push the total for the 12 months past 58m.
No frills airliner Easyjet carried 2.8m passengers in January 2009, an increase of 2.8% on the same point last year.
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