BA chief Walsh to head merged BA-Iberia airline

28 Oct 2010

1

British Airways Plc (BA) chief executive officer Willie Walsh, is to take charge of the expanded airline created by BA's merger with Spain's Iberia. The 49- year old, Walsh is expected to report the UK carrier's first profit in two years.

According to analysts the carrier's net income may touch £158.6 million in the three months ended 30 September as against a year-earlier loss.

The London-based carrier last posted a profit in August 2008, just ahead of the collapse of Lehman Brothers Holdings Inc that triggered a premium-class travel slump.

Meanwhile, both Air France-KLM Group and Deutshe Lufthansa AG have raised their forecasts, helped by a traffic rebound.

Walsh is using an alliance on trans-Atlantic flights with AMR Corp's American Airlines to take on the carrier's biggest European rivals.

Six months back the carrier suffered a series of cabin-crew strikes and the closure of European air space due a cloud of volcanic ash.

Business History Videos

History of hovercraft Part 3 | Industry study | Business History

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2 | Industry study | Business History

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1 | Industry study | Business History

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | Industry study | Business History

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more
View details about the software product Informachine News Trackers