BA cancels flights from London's Heathrow, Gatwick after IT outage
LONDON, May 27 British Airways said it had cancelled all flights from London's Heathrow and Gatwick airports scheduled before 1700 GMT on Saturday due to a global computer outage.
AMSTERDAM Jan 28 Philips reported better-than-expected fourth-quarter earnings before interest, tax and amortisation (EBITA) on Tuesday, and warned of a tough year ahead citing weak orders in the last three months.
The Dutch healthcare, lighting and consumer appliances group reported fourth-quarter EBITA of 884 million euros ($1.21 billion) and net profit of 412 million euros on almost flat sales of 6.799 billion euros. It said it met its financial targets for the full year.
Analysts in a poll commissioned by Reuters had forecast net profit of 455 million euros and EBITA of 839 million euros on sales of 6.844 billion euros.
LONDON, May 27 British Airways flights in Britain were being delayed and passengers were suffering long waits at airports on Saturday because of a global system outage, the airline said.
* Jan-April profits up 24.4 pct YOY; Jan-March up 28.3 pct (Adds details of data, comments from stats bureau)