Bloomberg reports BA had a 26% increase in 2nd quarter income to Â£123M (US$228.4M) after the carrier cut jobs and costs.
BA has eliminated over 13000 jobs, more than 20% of their workforce, since 2001.
Good for BA. It's a tough fight for any airline out there.
There is also a report from IATA saying that the only way for major carriers to make any money is for oil to drop around $15/Bbl. They also forecast a 5-6% increase in travelers next year.
Hopefully it happens!