Flights Direct

The British Airways only recently raised its fuel surcharge, and has complained its profits are suffering over the ever rising fuel costs. But despite the fuel costs, BA has seen a 45% increase in profits in the past six months.

Due to the disastrous opening of Terminal 5, BA boss Willie Walsh has turned down a massive £600,000 bonus. The staff of BA are due to receive £35 million bonus shared among them.

The airline’s pre-tax profits went from £611 to £883. BA is expecting to pay £2 billion for fuel during 2008.

“We have achieved our goal of a ten per cent operating margin which I am delighted has triggered the reward scheme for our staff.  For our shareholders too, it signals the welcome return of a dividend – the first since 2001,” said Willie Walsh.