We’ve made swift and significant progress in overcoming the challenges we faced at the start of the year. As recovery picks up, we are now far better placed to grow and to achieve our long-term goal of returning British Airways into a profitable global premium airline.
We are determined to be a leader in the restructuring of our industry. Our proposed merger with Iberia, and our planned joint business with American Airlines and Iberia are examples of how we are shaping our own destiny in a new era for international commercial aviation.
So far, our recovery has been cost driven, but crucially, we now have a more efficient cost base from which to bring the business back to profitability as the economic recovery gathers pace.