Desperate Ba Begins Pounds 145m Cost Cut Drive

Daily Mail (July 04, 2009)

Author: Karl West

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Summary

STRUGGLING carrier British Airways has slashed Pounds 145m from investment spending for each of the next two years, as it pushed back deliveries and payments for 12 Airbus A380 'superjumbo' planes.

The latest austerity measure was revealed as BA said the ferocity of the economic downturn had forced it to review its business plan.

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Extract

Desperate Ba Begins Pounds 145m Cost Cut Drive

BA's belt-tightening means it will delay delivery on the first six A380s by five months, though the ...

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