UK carrier British Airways continues its positive momentum for 2010/2011 after it announced the best half-year earnings it has seen in two years.

The news comes after BA and chief executive Willie Walsh have for the past two years reported the company’s biggest losses on record.

Now, the carrier has posted £158 million in pre-tax profits ending on the 30th of September, which is an eyebrow-raising change from the £292 million in losses it had posted at the same time last year.

Analysts say it seems that the restructuring program that had drawn controversy is paying off as non-fuel costs have been reduced by 1.5% whilst revenues have gone up to £345 million.

George Mawadri, Country Manager for British Airways, said at a press briefing that the company finally feels as if it is getting out from the doldrums.

BA officials are optimistic about the coming six months however are quick to point out that scepticism remains amidst unstable global economic conditions. However the carrier is making use of the success by upgrading its fleet and capacity. Two Boeing 747s have come out from recession-induced hibernation whilst the airline is also adding three new Boeing 777s in the coming two years.

Mr Mawadri said that BA has learnt as of late that it needed more flexibility in responding to slumps, seasonality and high demand for capacity.