Editing British Airways (section)

===Business trends===
The key trends for the British Airways PLC Group are shown below.<ref>{{Cite web |title=Annual reports {{!}} Operating Companies |url=https://www.iairgroup.com/investors-and-shareholders/financial-reporting/annual-reports/ |access-date=25 July 2024 |website=IAG}}</ref>

On the merger with Iberia, the accounting reference date was changed from 31 March to 31 December; figures below are therefore for the years to 31 March up to 2010, for the nine months to 31 December 2010, and for the years to 31 December thereafter:

{| class="wikitable"  style="text-align:center;"
|-
![[Fiscal year|Year]]
! [[Revenue|Turnover]]<br>([[Pound sterling|£]] bn)
! Net profit<br>(£ m)
! Number of<br>employees<br>([[Full-time equivalent|FTE]]){{Efn|on average}}
! Number of<br>passengers<br>(m)
! [[Passenger load factor|Passenger<br>load factor]]<br>(%)
! Number of<br>aircraft{{Efn|at year end}}
! References
|-
| align="left" | 2008&nbsp;Mar
|8.7
|694
|41,745
|34.6
|79.1
|245
|<ref name="Report2008">{{cite web |title=BA Annual Report 2008 |url=http://media.corporate-ir.net/media_files/irol/24/240949/AnnualBA/BA_Report_2007_08.pdf |archive-url=https://web.archive.org/web/20160304195440/http://media.corporate-ir.net/media_files/irol/24/240949/AnnualBA/BA_Report_2007_08.pdf |archive-date=4 March 2016 |access-date=18 November 2015 |publisher=British Airways Plc}}</ref><ref name="Report2010">{{cite web |title=BA Annual Report 2010 |url=http://media.corporate-ir.net/media_files/irol/24/240949/AnnualBA/BAI_AR_2010_final.pdf |archive-url=https://web.archive.org/web/20160304193040/http://media.corporate-ir.net/media_files/irol/24/240949/AnnualBA/BAI_AR_2010_final.pdf |archive-date=4 March 2016 |access-date=18 November 2015 |publisher=British Airways Plc}}</ref>
|-
| align="left" | 2009&nbsp;Mar
|8.9
|{{color|red|−358}}
|41,473
|33.1
|77.0
|245
|<ref name="Report2010" />
|-
| align="left" | 2010&nbsp;Mar
|7.9
|{{color|red|−425}}
|37,595
|31.8
|78.5
|238
|<ref name="Report2010" />
|-
| align="left" | 2010{{Efn|only 9 months}}
|6.6
|170
|35,778
|24.1
|78.5
|240
|<ref name="Report2011">{{cite web |title=BA Annual Report 2011 |url=http://www.iagshares.com/phoenix.zhtml?c=240949&p=irol-reportsannual |url-status=live |archive-url=https://web.archive.org/web/20151231204139/http://www.iagshares.com/phoenix.zhtml?c=240949&p=irol-reportsannual |archive-date=31 December 2015 |access-date=18 November 2015 |publisher=British Airways Plc}}</ref>
|-
| align="left" | 2011
|9.9
|672
|36,164
|34.2
|78.2
|245
|<ref name="Report2011" />
|-
| align="left" | 2012
|10.8
|84
|38,761
|37.6
|79.9
|273
|<ref name="Report2013">{{cite web |title=BA Annual Report 2013 |url=http://www.iagshares.com/phoenix.zhtml?c=240949&p=irol-rnsArticle_Print&ID=1910557&highlight= |url-status=live |archive-url=https://web.archive.org/web/20151231204138/http://www.iagshares.com/phoenix.zhtml?c=240949&p=irol-rnsArticle_Print&ID=1910557&highlight= |archive-date=31 December 2015 |access-date=18 November 2015 |publisher=British Airways Plc}}</ref>
|-
| align="left" | 2013
|11.4
|281
|38,592
|39.9
|81.3
|278
|<ref name="Report2013" />
|-
| align="left" | 2014
|11.7
|702
|39,710
|41.5
|81.0
|279
|<ref name="Report2014">{{cite web |title=BA Annual Report 2014 |url=http://www.iagshares.com/phoenix.zhtml?c=240949&p=irol-reportsannual |url-status=live |archive-url=https://web.archive.org/web/20151231204139/http://www.iagshares.com/phoenix.zhtml?c=240949&p=irol-reportsannual |archive-date=31 December 2015 |access-date=18 November 2015 |publisher=British Airways Plc}}</ref>
|-
| align="left" | 2015
|11.3
|975{{Efn|After deconsolidation of AGL}}
|39,309
|43.3
|81.5
|284
|<ref name="Report2015">{{cite web |title=BA Annual Report 2015 |url=http://www.iagshares.com/phoenix.zhtml?c=240949&p=irol-reportsannual |url-status=live |archive-url=https://web.archive.org/web/20160205073402/http://www.iagshares.com/phoenix.zhtml?c=240949&p=irol-reportsannual |archive-date=5 February 2016 |access-date=16 April 2016 |publisher=British Airways Plc}}</ref>
|-
| align="left" | 2016
|11.4
|1,345
|39,024
|44.5
|81.2
|293
|<ref>{{cite report |url=http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9NjYzMTQyfENoaWxkSUQ9MzcwNDI0fFR5cGU9MQ==&t=1 |title=British Airways Plc Annual Report and Accounts year ended 31 December 2016 |date=24 February 2017 |publisher=International Consolidated Airlines Group S.A. |access-date=24 May 2018 |archive-url=https://web.archive.org/web/20190314142141/http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9NjYzMTQyfENoaWxkSUQ9MzcwNDI0fFR5cGU9MQ==&t=1 |archive-date=14 March 2019}}</ref>
|-
| align="left" | 2017
|12.2
|1,447
|38,347
|45.2
|81.8
|293
|<ref>{{cite report |url=http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9Njg5MjY3fENoaWxkSUQ9Mzk5NjQxfFR5cGU9MQ==&t=1 |title=British Airways Plc Annual Report and Accounts year ended 31 December 2017 |date=22 February 2018 |publisher=International Consolidated Airlines Group S.A. |access-date=24 May 2018 |archive-url=https://web.archive.org/web/20190314142141/http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9Njg5MjY3fENoaWxkSUQ9Mzk5NjQxfFR5cGU9MQ==&t=1 |archive-date=14 March 2019}}</ref>
|-
| align="left" | 2018
|13.0
|2,091
|38,202
|46.8
|82.5
|294
|<ref>{{cite web |title=BA Annual Report 2018 |url=https://www.iairgroup.com/~/media/Files/I/IAG/annual-reports/ba/en/british-airways-plc-annual-report-and-accounts-2018.pdf |url-status=live |archive-url=https://web.archive.org/web/20230317095145/https://www.iairgroup.com/~/media/Files/I/IAG/annual-reports/ba/en/british-airways-plc-annual-report-and-accounts-2018.pdf |archive-date=17 March 2023 |access-date=20 October 2022 |website=iairgroup.com}}</ref>
|-
| align="left" | 2019
|13.2
|1,109
|38,230
|47.7
|83.6
|305
|<ref>{{cite web |title=BA Annual Report 2019 |url=https://www.iairgroup.com/~/media/Files/I/IAG/documents/British%20Airways%20Plc%20Annual%20Report%20and%20Accounts%202019.pdf |url-status=live |archive-url=https://web.archive.org/web/20230317095128/https://www.iairgroup.com/~/media/Files/I/IAG/documents/British%20Airways%20Plc%20Annual%20Report%20and%20Accounts%202019.pdf |archive-date=17 March 2023 |access-date=21 October 2022 |website=iairgroup.com}}</ref>
|-
| align="left" | 2020
|4.0
|{{color|red|−3,489}}
|33,898
|12.2
|61.4
|277
|<ref>{{cite web |title=BA Annual Report 2020 |url=https://www.iairgroup.com/~/media/Files/I/IAG/annual-reports/ba/en/british-airways-plc-annual-report-and-accounts-2020.pdf |url-status=live |archive-url=https://web.archive.org/web/20220407103105/https://www.iairgroup.com/~/media/Files/I/IAG/annual-reports/ba/en/british-airways-plc-annual-report-and-accounts-2020.pdf |archive-date=7 April 2022 |access-date=21 October 2022 |website=iairgroup.com}}</ref>
|-
| align="left" | 2021
|3.6
|{{color|red|−1,648}}
|26,890
|10.3
|58.3
|276
|<ref>{{cite web |title=BA Annual Report 2021 |url=https://www.iairgroup.com/~/media/Files/I/IAG/annual-reports/ba/en/british-airways-plc-signed-ara-31-dec-2021-hd.pdf |url-status=live |archive-url=https://web.archive.org/web/20220502104315/https://www.iairgroup.com/~/media/Files/I/IAG/annual-reports/ba/en/british-airways-plc-signed-ara-31-dec-2021-hd.pdf |archive-date=2 May 2022 |access-date=21 October 2022 |website=iairgroup.com}}</ref>
|-
| align="left" | 2022
|11.0
|61
|33,644
|33.0
|79.9
|276
|<ref>{{cite web |title=BA Annual Report 2022 |url=https://www.iairgroup.com/media/v32fsxl4/british-airways-annual-report-and-accounts-2022.pdf |access-date=13 November 2023 |website=IAG}}</ref>
|-
| align="left" | 2023
|14.3
|1,161 
|37,401
|43.0
|83.6
|284
|<ref>{{Cite web |title=BA Annual Report 2023 |url=https://www.iairgroup.com/media/2h0hgqdq/british-airways-annual-report-and-accounts-2023.pdf |access-date=25 July 2024 |website=IAG}}</ref>
|}

In 2020, due to the crisis caused by the COVID-19 pandemic, British Airways had to reduce its&nbsp;42,000-strong workforce by 12,000 jobs. According to the estimate by IAG, a parent company, it will take the air travel industry several years to return to previous performance and profitability levels.<ref>{{cite news |date=28 April 2020 |title=British Airways set to cut up to 12,000 jobs |url=https://www.bbc.com/news/business-52462660 |url-status=live |archive-url=https://web.archive.org/web/20200428235138/https://www.bbc.com/news/business-52462660 |archive-date=28 April 2020 |access-date=29 April 2020 |work=BBC News}}</ref>

However, 2022 saw a dramatic increase in travel, and the company now faced a worker shortage, forcing it to cancel more than 1,500 flights.<ref>{{cite news |date=5 July 2022 |title=British Airways cancels 1,500 more flights |url=https://www.bbc.com/news/business-62038929 |url-status=live |archive-url=https://web.archive.org/web/20220811135156/https://www.bbc.com/news/business-62038929 |archive-date=11 August 2022 |access-date=6 July 2022 |publisher=BBC News}}</ref> During February 2023, The international airlines group, the owners of British Airways announced that the group has returned to making an annual profit of €1.3&nbsp;billion for the first time since the pandemic, following a €2.8&nbsp;billion loss in 2021. The company warned that due to the surge in demand for flying this could lead to more disruption.<ref>{{cite news |date=24 February 2023 |title=British Airways owner returns to annual profit for first time since pandemic |url=https://www.ft.com/content/9803c6ef-8331-418a-b4ba-d01c78ed772f |url-status=live |archive-url=https://web.archive.org/web/20230330085826/https://ft.com/content/9803c6ef-8331-418a-b4ba-d01c78ed772f |archive-date=30 March 2023 |access-date=24 February 2023 |work=Financial Times}}</ref>