British Airways: worst loss in 20+ years
British Airways (LSE: BA) lost £375m ($595m) in the 12 months ending March 31, 2009. This is down from a profit of £712m ($1.1bn) the year before.
The airine, which was privatized in 1987, has never sustained a loss this great. As a result, British Airways will not pay any dividends to shareholders - or bonuses to the management team.
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