BA 's annual profit disappears into a loss as the global recession takes its toll . Walsh said the tough trading conditions had n't killed off its plans for a merger with Spanish airline Iberia . Falling numbers , demand for cargo falling , fuel costs rising . BA has shifted focus from protecting yields to chasing higher volumes . Willie Smith : ` ` This is by far the biggest crisis the UK has ever experienced ''
BA 's annual profit disappears into a loss as the global recession takes its toll . Falling numbers , demand for cargo falling , fuel costs rising . BA has shifted focus from protecting yields to chasing higher volumes . Willie Smith : ` ` This is by far the biggest crisis the UK has ever experienced ''