British Airways aeroplanes at Heathrow. The UK's "flag carrier " airline, British Airways (BA) has warned the markets that it will post a full year loss of up to £150 million. The former state airline, privatised in 1987, saw its shares fall 8.5\% on the back of an announcement that "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", according to the Daily Telegraph. Quarterly revenues are still anticipated to grow by 4\%, but a full-year loss is now expected. Costs have risen in recent months, whilst the historic lows of sterling have hit the bottom line. First and Business Class traffic has fallen as the global credit crisis has hit premium and business travel. Fuel costs have fallen, but previous hedging has negated this benefit.
British Airways aeroplanes at Heathrow. The United Kingdom's flag carrier airline, British Airways (BA) has warned the markets that it will post a full year loss of up to £150 million. The former state airline, privatised in 1987, saw its shares fall 8.5\% on the back of an announcement that "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", according to The Daily Telegraph. Quarterly revenues are still anticipated to grow by 4\%, but a full-year loss is now expected. Costs have risen in recent months, whilst the historic lows of sterling have hit the bottom line. First and Business Class traffic has fallen as the global credit crisis has hit premium and business travel. Fuel costs have fallen, but previous hedging has negated this benefit.
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UK's "flag carrier "
United Kingdom's flag carrier
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