BA chief warns over turbulence
12 April 2012
BRITISH Airways chief Rod Eddington has warned that the transatlantic market is still weak and that it will rely on cost-cutting to reduce losses.
He was speaking at the Shanghai airline summit, at which the International Air Transport Association disclosed losses among world airlines will reach £4.1bn in 2002, following 11 September.
Eddington said: 'We have seen a market share gain for BA, but the whole market is still weak.' He added the biggest threat to recovery was further terrorist attacks.
