British Airways, Europe's second-largest airline, yesterday told shareholders that it was still too early to assess the impact of bombings in London on its business.
"The recent atrocities in London serve to remind us of how vulnerable our business has become," chairman Martin Broughton said in a speech to shareholders at the company's annual meeting.
"However, since 9/11, the company's strategy has been entirely focused on ensuring it is sufficiently robust to withstand such external shocks."
He added that impediments remained to restarting dividend payments but that the issue was high on the company's agenda.
BA said earlier this month that market conditions were broadly unchanged but that it had increased its hedging on oil.
The airline expects its fuel bill to jump by £450 million in the year to March 2006.
Mr Broughton also said BA would review plans for a new long-haul fleet within nine months, although the upgrade may not take place for several years.
Possible new aircraft include the Airbus A380 double-decker and Boeing 777 and mid-sized 787.
"We are reviewing the options. A board paper will be coming within the next three months, certainly in the next nine months," Mr Broughton said. "We are in the happy position that we don't need to make a decision yet."
New chief executive Willie Walsh also addressed the meeting and told investors he expected to adhere to plans for reining in costs.
Meanwhile, no-frills airline Monarch Scheduled is preparing for a busy first summer season at Birmingham International Airport.
The carrier expects its new base at Birmingham will experience one of the busiest weekends during the key "summer getaway" period starting at the end of the week.
Overall, Monarch Scheduled expects to fly 450,000 passengers from all its bases between Friday and the beginning of September - with ten per cent of these flying from Birmingham.
Monarch says that sales are up by 52 per cent on the same period last year as thousands flee the unpredictable British weather for the more reliable sunshine hotspots of the Algarve, the Spanish Costas and Tenerife.
Tim Jeans, managing director, said: "Our first summer at Birmingham is destined to be a frantic one, with people from the region making the most of our low fares to a range of Spanish and Portuguese hotspots.
"Our popularity is reflected in how busy our flights are and I'm delighted with the way the people of Birmingham have embraced our combination of high quality service and low fares."
Monarch Scheduled operates flights to Faro, Alicante, Malaga and Tenerife from Birmingham.