BRITISH AIRWAYS reported a pre-tax profit of ”124m (2004: ”75m profit), for the first quarter to 30 June 2005, a rise of ”49m on the same period last year. The operating profit for the first quarter was ”176m. CEO Sir Rod Eddington said they were good results, despite a 37.6% increase in fuel costs. More customers flying in our premium cabins drive the improvement in passenger revenue. BA added that record passenger loads in July indicate that the short term impact of the London bombings was not material, although it is too early to say what the long term impact will be.
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