It now seems that British Airways has finally showed its first ever summer loss. This report came as it presented its interim management report for the six months to the end of September. The report revealed that the carrier had an operating loss of £111 million.

The chief executive of British Airways, Willie Walsh, said that aviation remains at a low point. Although British Airways was quick to respond to the crisis by way of cutting capacity and staff, it was not enough to save the first half stats. Thus, further cost reduction measures will have to be taken in the second half of the year.

These new stats released by the company confirm what Willie Walsh has been saying for months, which is that the airline is in a fight for survival. Of course, its down profits is not the only thing that British Airways has to worry about.

Right now the company, as a way to cut costs, has been trying to get rid of more staff and offer more pay freezes. However, the union does not want to have any part of this and is threatening strike action over the proposal. If the strike goes through, then British Airways may just see a strike during the holiday season. This could leave many British travelers without a plane trip.

Due to the recession many airlines have had to close up shop. This is something that British Airways is working against. However, unless the carrier can come up with some more ways to cut costs, then it could be looking like a very disappointing year for British Airways.