TOKYO — Panasonic, the world's biggest maker of plasma TVs, reported a second straight quarterly profit in October-December, buoyed by restructuring and a slight improvement in sales overseas.

Osaka-based Panasonic said today it booked a $360 million profit for the fiscal third quarter, bouncing back from a net loss of 63.1 billion yen a year earlier. Panasonic, which bought smaller rival Sanyo for $4.6 billion last year, returned to profit in the July-September quarter for the first time in a year.

Panasonic raised its sales forecast for the full fiscal year through March to 7.35 trillion yen from 7 trillion yen, but kept unchanged its forecast of a net loss of 140 billion yen.

The Japanese electronics giant said the revision takes into consideration benefits resulting from its takeover of smaller rival Sanyo Electric.

Panasonic said it needs to cut more costs and is aiming to achieve growth in overseas sales and focus on green technology.

LONDON — British Airways said today that its cost-cutting drive has put the airline on the right course but won't save it from posting record losses in the current fiscal year.In an update on the nine months ending Dec. 31, the carrier reported an operating of loss of $135 million.Operating costs were down 10.5 percent but that didn't keep pace with a 12.9 percent fall in revenue. The company did not disclose net profit figures for the period.British Airways is locked in a dispute with cabin crews over issues including wages, job security and working conditions. The Unite union has called for a strike vote by members.