British Airways has reported a 45% rise in annual profits but warned that economic uncertainty and high fuel costs pose challenges.
BA made a profit of £883m in the year to 31 March, which BA boss Willie Walsh called an “outstanding” result. Mr Walsh said he would not be taking an annual bonus because of the problems at the opening of Heathrow’s Terminal 5. The airline warned that the problems with the move to Terminal 5 would hurt its earnings this year. Nevertheless, its shares closed up more than 4% in trading on Friday.
BBC News 16:17 GMT, Friday, 16 May 2008 17:17 UK
