RELATED NEWS
- Chinese government goes to work on employment concerns
21 Nov 08 - Scramble for supply could ignite global conflict
21 Nov 08 - Renault announces tightening of supply chain
18 Nov 08 - Tightening credit sending European suppliers into a tailspin
14 Nov 08 - Chinese premier sparks concerns with instability warning
04 Nov 08 - Copper leads metal price drop
31 Oct 08
RELATED ARTICLES
- Proactive approach to risk management opens door to salvation
- Scarce supplies and a local emphasis - welcome to 2016
- Opinion: False sense of security
- Disappearing acts
- Worse before it gets better
- Opinion: Currency roulette
KNOWLEDGE MANAGEMENT TAGS
"Risk Management"
Profit fears take-off at BA
Poor visibility over fuel prices is threatening to see British Airways fly headlong into the “biggest crisis the aviation industry has ever known,” the company’s chairman has warned investors.
Speaking at the company’s annual meeting Martin Broughton said that the steep rise in fuel costs would see the airline struggle to make a profit this year, unless costs were brought down.
British Airways chief executive Willie Walsh said that fuel would account for 35 per cent of BA’s operating costs in the current financial year, a figure equating to £3bn – an increase of almost a £1bn on last year's figure.
The company are likely to be looking towards procurement to achieve cost savings elsewhere, although Watson acknowledged that BA couldn’t “save £1bn from non-fuel related costs.”
= Online Global Members Only 
= Premier Members Only
