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British Airways

Old 5th Oct 2006, 11:52
  #121 (permalink)  
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Originally Posted by ETOPS View Post
PS One of the bits of info above is a straight lie.............
So, LGW IS making a profit?
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Old 5th Oct 2006, 12:04
  #122 (permalink)  
 
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Stockpicker - thanks for that - as I said, I'm rather ignorant of such matters.

I noted that BA's sept traffic stats are just out - wonder whether they are contributing to the higher price - unfortunately whilst I have a basic understanding (numerically) of said stats, I don't know how significant they are in an 'airline business' context. Perhaps you can share your learned opinion on that one stockpicker?!!!

PS Would a moderator please post on here the reason(s) why this thread has been moved here from rumours and news - I am confused and peeved........
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Old 5th Oct 2006, 12:15
  #123 (permalink)  
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You'll have to ask Danny wot moved it
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Old 5th Oct 2006, 13:48
  #124 (permalink)  

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Not as "learned" these days, sid, it's a few years since I specialised in airlines! But the traffic stats were a bit lacklustre - BA said they would see sales growth in the year of 5-6%, whereas we had previously been looking for 6-7% (may not sound like much, but of course the cost of flying a plane from A to B being mostly fixed, getting a little bit extra from the SLF drops straight to the profit line). On the other hand, they cut their estimate as to how much extra they would be paying for fuel this year from 550-600m to 450m - lower fuel costs, but this impact was again muted because they had "hedged" their costs (you don't honestly want me to explain the swaps market as well, do you? ). So, all in all, fairly dull, and the shares have drifted from their 450p peak - currently 444.75p.
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Old 17th Oct 2006, 21:13
  #125 (permalink)  
 
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New aircraft order

"British Airways has launched a competition for new longhaul aircraft by issuing tender documents to aircraft and engine manufacturers.

The competition, called a request for proposal (RFP), is the first step in a lengthy process before the airline makes a decision on fleet growth and replacement for the next decade.

Airbus and Boeing, and engine manufacturers, Engine Alliance, General Electric and Rolls Royce plus other key component suppliers, have been invited to bid."

More info available on the BA website

Last edited by Evileyes; 17th Oct 2006 at 21:56. Reason: Removing advertising link
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Old 22nd Oct 2006, 16:46
  #126 (permalink)  
 
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Iberia acquisition (BA)

On Friday there was a rumor going around that BA is planning on acquiring Iberia (which led to an increase in Iberia share price). Any substantiation to this rumor? I know BA has long coveted American Airlines. Seeing as how AA is not likely to be an elgible candidate, does anyone think BA will make acquire Iberia in the immediate future?

It seems like an odd time to make an acquisition, given the pension issues and the recent announcement of planned a/c acquisition. If not true, does BA miss out on the European airline consolidation play by sitting on the sidelines (cutting costs)?
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Old 23rd Oct 2006, 14:29
  #127 (permalink)  
 
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No one has heard about this?
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Old 24th Oct 2006, 15:54
  #128 (permalink)  
 
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There is surely no way that BA will buy IB we have enough trouble with pension funds & unions without taking on more trouble.
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Old 31st Oct 2006, 14:03
  #129 (permalink)  
 
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BA will release earnings on Friday. They will be asked on the progress of the pension deficit and Iberia. It should be interesting.
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Old 3rd Nov 2006, 23:10
  #130 (permalink)  
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Perhaps we now we know why the stock priced move as it did? With the announcement of the deal with FlyBe, then Mainline may expect to benefit and so it would be good to buy early.

That fact that the sell off will return BA to the BOAC / BEA set up is very amusing to those of us that have been predicting this. And it would be interesting to hear the reasons why the board changed their mind after saying many times that there would be no LH/SH split.
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Old 4th Nov 2006, 02:03
  #131 (permalink)  
 
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Devil

I hope the BA management drown in their own urine after what they done yesterday. A disgrace to call themselves 'British Airways'.

Watch out all at LGW, where will Willy's chopper fall next?
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Old 6th Nov 2006, 09:28
  #132 (permalink)  
 
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Sorry if I am behind the times a bit here, but once this BA Connect wind up, er sale goes through, am I correct in thinking that the only bases that BA have flight deck crews at are Heathrow and Gatwick?
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Old 6th Nov 2006, 12:01
  #133 (permalink)  
 
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Skipness One Echo,

There are about 25 BA pilots (mostly captains) on secondment to BA Connect. They are currently flying the RJ100 out of EDI and BHX. The new subsidiary which BA is setting up will be a LCY operation with all the RJ100 flight-deck crews based in EDI.

Over the coming weeks, BA and BALPA will be discussing the options available for these BA mainline secondees.

The answer to your question could be: LHR, LGW and EDI.
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Old 6th Nov 2006, 19:23
  #134 (permalink)  
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Originally Posted by PAXboy View Post
That fact that the sell off will return BA to the BOAC / BEA set up is very amusing to those of us that have been predicting this. And it would be interesting to hear the reasons why the board changed their mind after saying many times that there would be no LH/SH split.
Is this perhaps taking it a little bit too far? BA will still have all their short-haul operations from London, won't they? (Or am I just too young to have a clear memory of the BOAC/BEA split?)
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Old 11th Nov 2006, 20:58
  #135 (permalink)  
 
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Website

The BA website has gotten a mini makeover.Looks nice and fresh, I like it
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Old 11th Nov 2006, 23:21
  #136 (permalink)  
 
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Originally Posted by Charlie Roy View Post
The BA website has gotten a mini makeover.Looks nice and fresh, I like it

Same here, brighter I think
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Old 15th Nov 2006, 14:25
  #137 (permalink)  
 
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BA buys American Airlines' stake in Iberia

LONDON, Nov 15 (Reuters) - British Airways said on Wednesday it had purchased American Airlines' stake in Spanish carrier Iberia for 19 million euros ($24.29 million).

BA, Europe's third-largest airline, said in a statement it now owned about 10 percent of Iberia, up from 9 percent previously.

"The transaction is intended to preserve British Airways' two seats on the Iberia board," BA said in a statement. BA has played down the prospects of merging with Iberia or extending its joint venture with the Spanish carrier.
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Old 15th Nov 2006, 17:52
  #138 (permalink)  
 
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BA have resolved the pension deficit so wonder what is the next big Announcement - Aircraft orders or whats happening with the franchises !
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Old 15th Nov 2006, 21:26
  #139 (permalink)  
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Originally Posted by flyer55 View Post
BA have resolved the pension deficit ...
Not quite, I think! Meeting with unions tomorrow (Thursday), if I have got my dates right.
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Old 16th Nov 2006, 17:37
  #140 (permalink)  
 
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Originally Posted by flyer55 View Post
BA have resolved the pension deficit so wonder what is the next big Announcement - Aircraft orders or whats happening with the franchises !
New aircraft orders are next me thinks! Anyone care to guess what they'll order? WW has all but ruled out the A380 after his comments that it would actually worsen congestion at LHR due to the wake vortex ruling recently out. So that leaves: B777, B787, B747-8i or A350.
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