# Monday, August 11, 2008

The news that British Airways profits have fallen by 90% is likely to have the effect of soaring prices for customers as the airline tries to avoid going into the red. Already prices have risen by around 7%. Carriers are currently suffering more badly than during the recession that followed the terrorist attacks of 2001. During April, May and June profits at BA plunged to £37m from £298m last year, a drop of 88%.