British Airways has reported its biggest annual loss due to lower passenger numbers, higher costs and the impact of strike action.
The flag carrier lost £531m ($766m) in the 12 months to March - BA's biggest loss since it was privatised in 1987.
That adds to the £401m it lost in the 2008-9 financial year, but as it was less than expected, BA shares rose.
Do bear in mind, however, that this does not include losses from the volcanic ash cloud—which could push BA even further into the red.
The results come as BA faces 15 more days of strike action by cabin crew, due to begin on Monday.
I cannot articulate how bloody stupid I think that Unite's leaders are—Tony Woodley and his merry crew are going to bankrupt BA. Many thousands of people—most of whom are not members of a union—will find themselves in the dole queue.
And what will happen to Woodley's precious union members then...?
Oh, wait: that's right—they will get massive redundancy pay-outs, courtesy of the British taxpayer.
I really hate the bloody Unions.