//
The airline posted a figure of £292 million for the first half, compared to the profit of £52 million it recorded for the same period in 2008.
However, it also said that future outlook was positive and the decline in traffic had stabilised, prompting its share price to rise in morning stock market trading.
At 10:28 GMT, the firm's stock was up 5.9 per cent to 197.3p on the FTSE 100.
Willie Walsh, chief executive of BA, said that "further structural changes" are planned for the second half of the fiscal year.
"The global airline industry is facing continued pressure on yields, highlighting a significant shift within the industry," he noted, adding that the proposed alterations will help to secure the long-term future of the company.
During the six months, it saw passenger and cargo revenue decline by 13.6 per cent and 30.9 per cent respectively.
Posted by Chris Weaver
