The crazy thing is that BA share price has gone up by around 6% today!
Does that mean the market were expecting worse?
It seems to be more a case of, "At least we are doing better than the French"
July 31 (Bloomberg) -- British Airways Plc rose the most
in 12 weeks after the carrier said passenger numbers and seat
occupancy are showing signs of improvement, suggesting it may
recover from the recession faster than Air France-KLM Group.
British Airways had a 106 million-pound ($175 million)
net loss in the three months through June, it said today. Air
France lost 431 million euros ($608 million), more than the 194
million euros expected by analysts. The stock fell 4.1 percent.
...