Printer Friendly

City Slickers : BOB CLIPS BA WINGS.

BRITISH Airways boss Bob Ayling is to keep Concorde flying for another 15 years despite cutting back on other services, Slicker can reveal.

Ayling broke the news after announcing the cuts in a bid to boost profits.

Although pre-tax profits rose to pounds 200m from pounds 145m in the first quarter of this year, pounds 177m came from exceptional gains.

BA will reduce its capacity by 12 per cent over the next three years, with some routes - including Jakarta - being cut altogether.

Ayling told Slicker: "We've faced up to the fact that we can't go at the rate we used to, and I think the City is pleased with what we are doing.

"And we're investing heavily in refurbishing Concorde - it should carry on until 2015."

SLICKER SAYS: Bob's huge cost-cutting programme is paying off. Keep up the good work.
COPYRIGHT 1999 MGN LTD
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Features
Author:Bhoyrul, Anil; Hipwell, James
Publication:The Mirror (London, England)
Date:Aug 10, 1999
Words:140
Previous Article:Motor Racing: McRae on fast track to F1 move.
Next Article:City Slickers : MURDOCH pounds 140m SOCCER SPLURGE; He's buying into Premiership's top clubs starting with Leeds.


Related Articles
City Slickers : BA'S CLEARED FOR TAKE-OFF; Ayling's passenger plan looks like a real flier.
City Slickers: Slicker says.
City Slickers: A Badly Ayling Airline.
City Slickers : LET'S BE PALS; We broker peace deal between feuding BA and Virgin.
City Slickers: All systems Go; TROUBLED BA PLANS TO FLOAT ITS LOW-COST BABY.
City Slickers : Boardroom TALES.
City Slickers: VIRGIN ECSTATIC; Branson set for $1bn BA payoff.
City Slickers: Boss Stelios in flying demo over pounds 15 fares.
BA's jets in prang.

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters