Feet dry:
Last quarter is always a dog, so its not the beginning of a downward trend which will automatically continue into following quarters. It is a very good result which BA can be proud of, but theres no static state of being out of the woods. No airline ever is, but BA has navigated its way out of/around the post 9/11 trouble without being able to shelter behind the petticoats of Chapter 11 like the American bretheren. On a level playing field the latters creditors would have called time long before now and in a dynamic industry the dinosaurs would have been replaced by other operators structured differently. Chapter 11 distorts competition and is not in most consumers interests.
For BAs shareholders the dilemma is whether to hang on in hopes of medium/long term capital gains on their holdings. Those who were looking for an income from their shares of course continue to be disappointed and could decide to sell and go elsewhere, but for many this would mean a substantial capital loss which they can afford to take. Thats why they hang on in.