Posts Tagged ‘loss’
Air France-KLM reports record annual loss
The economic downturn appears to still be battering the airline industry after Air France-KLM reported a net loss of €691 million for the three months ending March, compared to a loss of €479 million in the same period a year ago.
This took its annual loss for the full year to €1.55 billion (£1.33 billion) – [...]
Anglo Irish Bank reports record loss
Anglo Irish Bank, which was nationalised in January 2009, has admitted to experiencing a difficult 15-months.
The bank has announced it made a loss of €12.7 billion (£11.4 billion) for the 15 months to the end of December.
The news came just a day after the Bank of Ireland reported a loss of €1.8 billion in the [...]
JAL reports 177.9bn yen loss
Japan Airlines (JAL), which last month filed for bankruptcy protection, has today posted a net loss of 177.9 billion yen (£1.31 billion, $2 billion) for the nine months to December 2009.
The airline’s executive officer, Norikazu Saito, told reporters it suffered an operating loss of 120.8 billion yen on sales revenue of 1.14 trillion yen – [...]
Lloyds posts £6.3bn annual loss
Lloyds Banking Group, which is 41% owned by the taxpayer, has today posted a full-year loss of £6.3 billion.
Lloyds is the third major UK bank to report its 2009 results. Yesterday, Royal Bank of Scotland (RBS) posted a £3.6 billion loss, while last week, Barclays announced record profits of more than £11 billion – a [...]
BA posts £50m loss in Q3
British Airways (BA) has today reported a £50 million loss in the three months to December 31 2009, compared with the £122 million it lost in the same period a year earlier.
However, the loss was much less than analysts’ predictions for a £151 million loss.
Meanwhile, the airline posted a surprise £25 million operating profit [...]