Echo of the Kerry Health Care Proposal
BA profits soar despite fuel cost.Rising passenger numbers have helped British Airways shrug off the rising cost of aviation fuel and post a 57% increase in first quarter profits.Pre-tax profit for the three months to the end of June hit £195m, compared with £124m in the same period of 2005. Profits rose despite a 44% rise in fuel costs and a 7% hike in staff costs as a result of BA's pension scheme deficit. British Airways is a private comapny. All the old line US carriers are teetering on the edge of bankrupsy. The difference is the the Brits have a national health insurance program. The US carriers and all large US businesses are burdened with healteh insurance costs that often make them uncompetitive in the world market, at at Walmart. And the British health sysrtem works better than ours as pointed out by Walldon in previous postings.
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