British Airways has disclosed that the disruption to airports in the UK caused by heavy snowfall has cost it £50 million. Every day London Heathrow was closed due to snow, cost the airline £10 million. Although the UK flag carrier reported passenger traffic dropped in December – economy traffic fell by 9.6% – its business passenger demand remained strong and premium traffic fell just 1.6% compared to the same period in 2009. Investors were comforted by this news and the £50 million hit caused by the snow was in line with analyst expectations causing BA shares to rise 12.6p to
This content is restricted to site members.
If you are an existing user, please login below.
New users may register below.