BA profits soar, boss refuses bonus

The troubled opening of Heathrow's Terminal 5 has cost BA boss Willie Walsh his annual bonus, despite the airline posting record profits.

The chief executive said he felt any award would have been "inappropriate" given the problem-hit move to the new building in March. It saw dozens of flights cancelled, thousands of passengers separated from their bags and dealt a huge blow to the airline's reputation.

Mr Walsh was speaking after unveiling record pre-tax profits of £883 million for the year to March 31, up 45% on the previous year. The performance has triggered a £35 million bonus pool for BA's other 42,000 staff, as well as the company's first dividend payment for seven years.

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