§ 15. Mr. Russell Kerr
asked the Minister for Trade if he will make a statement on the financial performance of British Airways.
§ Mr. Sproat
British Airways made a £141 million pre-tax loss in the 1980.81 financial year. Their losses in 1981.82 are expected to be significantly higher. However, the British Airways Board has taken firm steps to improve the airline's performance, most recently by its announcement a few days ago of its intention to secure2W further manpower reductions. Improvements in productivity are vital if British Airways are to end these high losses and be restored to profitability.