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Magazine Issue

Aviation Week & Space Technology 1997-03-31

VOL. 146 NO. 13 March 31, 1997

Market Focus

article

MARKET FOCUS

Mar 31, 1997
British Airways will reap savings of only $32 million or so from last week's pact with ground services personnel--their wages will be frozen for two years--but the labor agreement sends a strong message to the financial community: The U.K. carrier fully intends to meet its goal of reducing operating expenses by $1.6 billion by 2000 and remain one of the world's most competitive airlines.