BA profit falls due to terror alert

LONDON – British Airways on Friday reported that its second-quarter net profit had fallen largely due to the cost of a terror alert in August.

Net profit fell to 165 million pounds (around N$2,3 billion) from 167 million pounds 12 months earlier. The airline also edged down its full-year revenue growth expectations and announced plans to sell the regional operations of its BA Connect unit.The BA statement came a day after the British pilots’ union Balpa warned that relations with the airline’s management over its planned pension reforms were worsening.BA is being investigated by Britain’s Office of Fair Trading and the US Department of Justice over alleged price fixing and the whole industry is facing the prospect of environmental taxes to combat carbon emissions.Nampa-AFPThe airline also edged down its full-year revenue growth expectations and announced plans to sell the regional operations of its BA Connect unit.The BA statement came a day after the British pilots’ union Balpa warned that relations with the airline’s management over its planned pension reforms were worsening.BA is being investigated by Britain’s Office of Fair Trading and the US Department of Justice over alleged price fixing and the whole industry is facing the prospect of environmental taxes to combat carbon emissions.Nampa-AFP