Go at a loss

Low-cost carrier and British Airways subsidiary Go has declared a pre-tax loss of £19.95 million ($32 million) and a £13.75 million net loss on sales of £31.61 million for the 17 months ended 31 March. Chief executive Barbara Cassani says the result reflects the investment needed to compete in a tough market. Go expects to break even by "the end of year three".

Source: Flight International