LONDON: Deep cost-cutting has helped British Airways plc (BA) to post third-quarter results above market expectations, and Europe’s biggest airline said yesterday it expected a full-year profit if there was no war in Iraq.
But BA, which has slashed thousands of jobs, cut capacity and dropped ticket prices in response to weak demand and competition from Europe’s no-frills airlines, also said it expected the business environment in 2003 to be tougher than 2002.
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