British Airways Losses huge, but not as bad as expected

The BBC is reporting staggering financial losses at British Airways, which has lost  $766,000,000 in the twelve months ending in March.    However this is less than expected and BA suggests that with continued cost cutting and an improvement in flyer numbers their may be cause for optimism.    The BBC reports on BA

*  ”something of an uptick in demand” from business travel in recent months

* A loss below £600m should be regarded as good news by investors.

In fact BA shares rose slightly in early trading, and they have a substantial cash reserve of £1.7bn in the bank.

http://news.bbc.co.uk/2/hi/business/10135112.stm