British Airways loses $77 million in first half

British Airways PLC on Friday reported a first-half loss of 49 million pounds ($77 million), as chief executive Willie Walsh said record high oil prices and a global economic slowdown meant the period would "be remembered as one of the bleakest on record."

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British Airways Plc Chief Executive Willie Walsh is showing solidarity with his staff in planning to work without pay next month as part of cost cuts, but the move may not have gone down so well with his wife.

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Business class passengers famously draw envious glances from the herd in economy by turning left when they enter a plane, but it is the first class ticket holders who are the most pampered.

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British Airways boss, Willie Walsh, will not be taking his bonus this year despite British Airways today announcing a 45% increase in profits, to £883 million.

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British Airways has placed an order for 36 new aircraft - the largest the airline has made since 1998. BA will buy 12 Airbus A380 superjumbos and 24 Boeing 787s, to be delivered between 2010 and 2014, an order which has a list price of $8.2bn (£4.1bn).

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Heathrow Airport is calling on 15,000 volunteers to help test out facilities at the new terminal five building. Airport operator BAA said it wanted to ensure the terminal "runs like clockwork" when it opens in March.

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