BRITISH STATE AIRLINES

Press, Volume LXXXV, Issue 25933, 13 October 1949, Page 5

BRITISH STATE AIRLINES

,oss For Year Totals £9,700,000 £1,300,000 LESS THAN 1947-48 ?£C- 9 p.m.) LONDON, October 12. Tne aggregate loss shown in the ac■unts of the three State-owned airu? corporations for the financial year ded on March 31 was £9.740.862. > --pared with a loss of £11.085,909 the previous year. Thus the loss i creased by £1,346,947. British ~ Overseas Airways’ deficit rs £5,844.595. compared with 1".091.439—a decrease of £1,246.744 that of British European Airways ras £2.763.085 a reduction of i 810.904. A statement issued with the acounts by the Ministry of Civil Aviaion says the aggregate loss represents decrease of 12.2 per cent, compared rith 1947-48. Th 3 Ministry says: "This reduction i the loss was accompanied bv a subtantial increase on output. Capacity on-miles and revenue ton-miles on ie air transport services showed an '.crease of 32 oer cent., and the pasenger miles flown increased by 20 er cent." The Ministry adds that a further reuction of costs and an improvement f output are expected during the curent year. The British Overseas Airrays Corporation and the British touth American Airways Corporation re suffering from a gao caused by the withdrawal of Tudor aircraft and deav in the introduction of new types