Business stories. We start in saudi arabia as the Worlds Biggest Oil Company Aramco is set to announce its latest Half Year Results in the next half an hour or so. Last year, aramco netted record profits of over 160 billion, buoyed by soaring energy prices. But in may this year, they reported that profits dropped by nearly a fifth in the first three months of the year as the gloomy Global Outlook saw oil prices drop. To tackle this, saudi arabia has been cutting production to the tune of1 Million Barrels a day. They started in july and have now extended to september. The oil price has since been creeping up. Live now to our middle east Business Correspondent sameer hashmi. Sameer, nice to see you. 160 billion is so much money made in a year. What are they expected to say in the next half hour . Expected to say in the next half hour . Sally, ithink it is matching half hour . Sally, ithink it is matching up half hour . Sally, ithink it is matching up to half hour . Sally, ithink it is ma
getting the results they want? virgin atlantic has had very few pilot strikes over its a0 year period, it has always managed to find a way through, always sought a deal completed always sought a deal completed a dealjust before strike action was due to take place, i think in this particular case they will strike a deal. the pilots are not as militant as some in other airlines, i think they will want to make sure they will want to make sure they are just seeing a change in their working conditions, more rest periods given to them, post pandemic, when the flights are full, and i think a deal will be struck before december. deal will be struck before december. ., ., december. paul, thank you so much, december. paul, thank you so much. we december. paul, thank you so much, we will december. paul, thank you so much, we will keep december. paul, thank you so much, we will keep a - december. paul, thank you so much, we will keep a close . december. paul, thank you so i much, we will ke
you re live with bbc news. to travel now, as pilots at virgin atlantic have indicated they would consider going on strike following serious concerns about tiredness and their well being. the union balpa, who represent uk pilots, said that in a recent vote 96% of virgin atlantic pilots supported a ballot on industrial action. at issue are working schedules that were put in place during the pandemic which will come to an end in december. virgin says it s willing to enter into talks in the coming weeks. travel expert paul charles, chief executive of the pc agency joins me now. what do you think will happen here, well they come to some kind of agreement quickly which what which is what the atlantic desperately needs? desperately needs? virgin atlantic is desperately needs? virgin atlantic is 40 desperately needs? virgin atlantic is 40 years - desperately needs? virgin atlantic is 40 years old i desperately needs? virgin l atlantic is 40 years old next atlantic is a0 years old next
who competes with heavily on the long haul sectors, did give theirflag carriers the long haul sectors, did give their flag carriers state support. it was worse off and as a result of the pandemic it had to put in place new working practices for its pilots, so balpa is the key union agreeing to this, but now pilots feel that those conditions have gone too far, they cannot work in those kind of environments, not have enough rest, and between flights for example, anymore, so they want to see something change. the current agreement is due to run out in december, so virgin does have some time to complete a deal with the union and i think it will complete a deal, clearly, in the short term balpa and the pilots are very concerned about the practices they are having to do. , .., ., to do. and they can vote with their feet. to do. and they can vote with their feet, industrial - to do. and they can vote with their feet, industrial action i their feet, industrial action as a measure they can