Daily News Channel
British Airways posted the airline’s worst annual loss since its privatization in 1987 as its chief executive declared there were "absolutely no signs of recovery" in the industry. The airline slumped from profit to loss in the last financial year. During the year ended March 31, its operating loss swelled to £220 million ($348 million) from a restated profit of £878 million ($1.4 billion) in 2008.
Federal transportation safety officials Wednesday issued an "urgent" recommendation calling for a redesign of a component on some Boeing 777 aircraft engines — a component blamed for two major mishaps in the past year. National Transportation Safety Board investigators said the Rolls-Royce engine component played a role in the January 17, 2008, crash of a British Airways jet near London’s Heathrow Airport. Both the plane’s engines lost power as the plane approached the runway, and 13 people were injured in the resulting crash