Flight plan

risk-0508-43-gif

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

To continue reading...