Three months after it was re-instated as one of the UK`s top companies, British Airways is to lose its place again in the prestigious FTSE 100 index.

t will be joined by aero-engine maker Rolls Royce outside the leading firms in the country.

BA regained its place on the list in December last year after a major cost-cutting program helped to revive its finances. Now, uncertainties over war with Iraq and the global economic situation have, as with other airlines, damaged its prospects.

The Index is reviewed every three months and BA will lose its place on March 21. Earlier this week, American Airlines suffered a similar set-back when it was dropped from the Standard & Poors 500 list.

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