BA’s Openskies subsidiary under threat
14.06.09
British Airways CEO Willie Walsh warned that the airline's European subsidiary is under threat in the latest edition of BA News. He wrote that its OpenSkies subsidiary ‘is not profitable, Heathrow is not profitable, Gatwick is not profitable, cargo is not profitable and British Airways is not profitable.’
Mr Walsh noted that OpenSkies losses were small compared to those elsewhere in the business and that ‘closing it would have no material effect on our financial performance. But the team there knows that it will close if it does not deliver on its business plan’
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