dont forget that APA owns a few international airport..... you own an airline, and a few airports, and you have a massive pricing advantage! charge fees to every other airline, and the fees paid by your airline go back into your other pocket.
What the BBC report I heard said was BA have made a £350m provision in their accounts (as required by International Accounting Standards) against POSSIBLE fines in the UK and US over fixing fuel surcharges in collaboration with other Airlines.
ITS bid for Australia's Qantas Airways now officially dead, rumours are circulating about Airline Partners Australia eyeing British Airways.
According to a report from London overnight, shares in British Airways gained 2.35 per cent on the London stock exchange on Thursday, to 501.50 pence.
The report states the share price rise comes ahead of the publication of the airline's annual results today, "amid rumours of a takeover by the consortium Airline Partners led by Macquarie Bank".
Interesting point in this might be the foreign-ownership restrictions on BA (as was with the Qantas caper).
Then again, Macquarie Bank said when announcing its latest results results recently that it was setting up a stand-alone operation in London, in order to get an EU 'passport'... so that might well be that hurdle jumped.
British Airways admitted breaking price-fixing laws and set aside a surprise 350 million pounds to pay potential fines.
BA shares fell 3.7 percent by 12:57 p.m. as the provision -- more than half the year's profit -- accompanied a 13 percent decline in operating profit.
Nice to see the managers have decided to take this cash out of the profits, which neatly drops them below the threshold at which the employees get some profit sharing. Still, management bonuses remain intact. Nice to see we're all still busting a gut to save a pounds worth of fuel when some overpaid numpty can blow £350M with a few phone calls.
Isn't it funny that BA are in trouble with price-fixing the fuel surcharge, when fuel is effectively price-fixed by OPEC. Wasn't it recently they decided that the current price was okey-dokey (for them), so there was no need to up production? Cowboys, the lot of them.
This is excellent news. I was becoming really concerned that BA would drop LGW entirely using the excuse that the capital outlay on new aircraft would not be worth it.
Good luck to all concerned at Gatwick and long may the alternative to the Orange Empire ( much as I do actually use 'em ) be available.
BUT is Gatwick gonna get the new aircraft ? I bet they go to Heathrow and Gatwick get the oldest A319s.......
ba are sending the new a320s to lhr, and lgw are getting the a319s from lhr. all of wh9ich are fairly new and are very nice clean aircraft. i will miss them!!! much better than the 737 ba has.
Very, very good news. On my last flight to toulouse the 73s cabin was a right mess, overhead structure loose/misaligned and a sodding great hole where a kickpanel was missing by seat 24/25(?)A, very tired interior, these cabs seem to be nearing the end.
Linear Mode
