British Airways cargo traffic falls by almost 25%
British Airways today said its cargo traffic fell by almost 25% in the last three months of 2001 as trans-Atlantic trade plunged in the wake of the Sept. 11 terrorist attacks. Europe’s largest airline reported a pre-tax loss of £160 million ($226 million), its worst-ever for the fiscal third quarter, compared with a profit of $91.6 million in 2000 of $2.6 billion.
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