Flight plan


British Airways (BA) has hit the headlines recently for its operational risk failures. The airline suffered badly from problems at London Heathrow's newly opened Terminal 5 and, earlier this year, a Boeing 777 airliner lost power on approach to the same airport. But the airline is equally exposed to financial risk - in particular, its fuel costs mean it has huge exposure to high and volatile oil prices.

Financial risk is the responsibility of the airline's group treasurer, George Stinnes. He see