Gee, you can tell it's school holidays.
So,
BA is Junk status and that why they are losing millions of sterling each month.
Right. I get it. If your company gets rated by a (failed) ratings agency as junk status, then you instantly start losing money?
So BA losing money has nothing to do with (from the same post about CX),
A toxic combination of low fares, a big drop in premium travel, weak cargo loads, poor yields and a negative currency impact is making it more important than ever to preserve cash
So BA are losing money because of their junk status, but CX are losing money because of the GFC. Where's the logic in that, iriver?
Pegasus, nice summary.