British Airways has blamed a doubling of fuel costs for a sharp profits fall, saying the airline industry faced the "worst trading environment ever".
The carrier made pre-tax profit of £37m ($73.3m) in the three months to the end of June compared with £298m a year earlier - an 88% drop.
It also said it would cut 3% of flights this winter to reduce overheads.
Earlier this week BA announced that it was in merger talks with Spanish airline Iberia.
Sourcewww.bbc.co.uk
Picture www.boeing.com
