The recession has created uncertainty within many airlines across the world. Smaller airlines such as FlyGlobeSpan.com went bankrupt back in 2008 but those lucky enough like British Airways were able to survive due to takeovers and mergers. However, BA still carries substantial debts and the uncertainty of being able to repay or refinance still looms. BA/IAG states that "Our ability to finance ongoing operations, committed aircraft orders and future fleet growth plans may be affected by various factors." (British Airways, (2008/09)). BA/IAG needs to be prepared for future hazard and uncontrolled risks to prevent future loss. To do this they need to limit the damage by any possible means for example retaining profit to recuperate from the event.