Growing Evidence That The Upturn Is Upon Us
Join Date: Jul 2009
Location: The East
Posts: 6
Likes: 0
Received 0 Likes
on
0 Posts
I very flattered to get reply from big financal commisar like WWW, and my Uncle Alexander who also work in british financal sector say that he right on the money but I not so sure, I wash a lot of cars this weekend and get enough for rent and leason effevt of control 2.
Actually, Ambrose just reads these pages and then uses that as the basis for his little Telegraph column.
WWW
WWW
Join Date: Jun 2004
Location: uk
Posts: 139
Likes: 0
Received 0 Likes
on
0 Posts
British Airways Seeks Delay in Boeing Payments:
British Airways Seeks Delay in Boeing Payments: Report - Companies * Europe * News * Story - CNBC.com
British Airways Seeks Delay in Boeing Payments: Report - Companies * Europe * News * Story - CNBC.com
Join Date: Apr 2007
Location: Frinton-on-Sea
Posts: 302
Likes: 0
Received 0 Likes
on
0 Posts
WWW is of course absolutely right and I would go as far as saying only a fool would chose to ignore him.
Now the big question is, when do you think the upturn in professional pilot recruitment will take place? I'm guessing at 2013 earliest but what do you experts think?
Now the big question is, when do you think the upturn in professional pilot recruitment will take place? I'm guessing at 2013 earliest but what do you experts think?
Join Date: Mar 2008
Location: Yorks
Posts: 53
Likes: 0
Received 0 Likes
on
0 Posts
"WWW is of course absolutely right and I would go as far as saying only a fool would chose to ignore him."
Absolute B****X, however, most of us enjoy the entertainment and being 'fools' at the same time
Absolute B****X, however, most of us enjoy the entertainment and being 'fools' at the same time
Join Date: Dec 1999
Location: UK
Posts: 1,608
Likes: 0
Received 0 Likes
on
0 Posts
ft.com:
Airlines beset by heavy losses
By Kevin Done in London and John Burton in Singapore
Published: July 30 2009 19:11 | Last updated: July 30 2009 19:11
Leading airlines in Europe and Asia reported heavy losses on Thursday amid the deepening crisis engulfing the aviation sector.
Giovanni Bisignani, director-general of the International Air Transport Association, said carriers were being hit by “shocking” revenue falls on international routes of up to 30 per cent at the beginning of the busy June-August travel period, when airlines traditionally made their money.
He said: “The outlook remains bleak . . . There are no signs of an early economic recovery.”
Air France-KLM, the largest European airline measured by passenger traffic, said it had been hit by an €823m ($1.1bn) downturn in the three months from April to June, as it fell to a pre-tax loss of €612m from a profit of €211m.
All three leading European carriers are deep in loss and have been forced into the capital markets in recent weeks to bolster their shrinking cash resources.
British Airways will on Friday announce an operating loss for the first time in its history for the three months from April to June, traditionally its second strongest quarter of the year.
Germany’s Lufthansa, which is taking over three smaller struggling European carriers, reported a pre-tax loss for the six months to June of €336m, down from a profit of €478m.
In Asia, Singapore Airlines, the world’s most highly valued airline by market capitalisation, warned it could make a full-year loss for the first time since it was founded in 1972, as it reported its first quarterly deficit since the Sars crisis in 2003.
Singapore Airlines reported a net loss of S$307m ($213m) in the April-June period against a profit of S$359m a year ago.
Revenues fell 30 per cent to S$2.87bn. Fuel hedging losses amounted to S$287m.
Long-haul network airlines are being hit by sharply falling revenues in particular from premium business travellers, previously their biggest source of profits, as well as from the plunge in demand for air cargo.
Mr Bisignani said airlines were also confronting the threats of a renewed rise in the oil price and the potential impact of swine flu.
“Cash flow is threatened by weak demand, exaggerated by fare discounting, and after years of cost reduction, the scope for further cuts is limited.”
Iata said that air cargo demand was 16.5 per cent lower in June than a year ago, while international passenger traffic fell 7.2 per cent year-on-year.
Copyright The Financial Times Limited 2009
Airlines beset by heavy losses
By Kevin Done in London and John Burton in Singapore
Published: July 30 2009 19:11 | Last updated: July 30 2009 19:11
Leading airlines in Europe and Asia reported heavy losses on Thursday amid the deepening crisis engulfing the aviation sector.
Giovanni Bisignani, director-general of the International Air Transport Association, said carriers were being hit by “shocking” revenue falls on international routes of up to 30 per cent at the beginning of the busy June-August travel period, when airlines traditionally made their money.
He said: “The outlook remains bleak . . . There are no signs of an early economic recovery.”
Air France-KLM, the largest European airline measured by passenger traffic, said it had been hit by an €823m ($1.1bn) downturn in the three months from April to June, as it fell to a pre-tax loss of €612m from a profit of €211m.
All three leading European carriers are deep in loss and have been forced into the capital markets in recent weeks to bolster their shrinking cash resources.
British Airways will on Friday announce an operating loss for the first time in its history for the three months from April to June, traditionally its second strongest quarter of the year.
Germany’s Lufthansa, which is taking over three smaller struggling European carriers, reported a pre-tax loss for the six months to June of €336m, down from a profit of €478m.
In Asia, Singapore Airlines, the world’s most highly valued airline by market capitalisation, warned it could make a full-year loss for the first time since it was founded in 1972, as it reported its first quarterly deficit since the Sars crisis in 2003.
Singapore Airlines reported a net loss of S$307m ($213m) in the April-June period against a profit of S$359m a year ago.
Revenues fell 30 per cent to S$2.87bn. Fuel hedging losses amounted to S$287m.
Long-haul network airlines are being hit by sharply falling revenues in particular from premium business travellers, previously their biggest source of profits, as well as from the plunge in demand for air cargo.
Mr Bisignani said airlines were also confronting the threats of a renewed rise in the oil price and the potential impact of swine flu.
“Cash flow is threatened by weak demand, exaggerated by fare discounting, and after years of cost reduction, the scope for further cuts is limited.”
Iata said that air cargo demand was 16.5 per cent lower in June than a year ago, while international passenger traffic fell 7.2 per cent year-on-year.
Copyright The Financial Times Limited 2009
For the winter after next BA plans already to have 22 aircraft out of its fleet grounded.
Thats the UK's largest airline planning on having 22 aircraft parked up all winter in 18 months time.
Wannabes woes will not be over for several years at best.
WWW
Thats the UK's largest airline planning on having 22 aircraft parked up all winter in 18 months time.
Wannabes woes will not be over for several years at best.
WWW
PPRuNe Secret Agent!
Moderator
Join Date: Nov 1999
Location: West Sussex, UK
Posts: 1,546
Likes: 0
Received 0 Likes
on
0 Posts
There will be a 'big' cull across most airlines this winter...not just flight crew! For those of us on the inside of UK companies; it's starting now, unions are talking to management!
Harsh but; <200 hours/fATPL = you're stuffed! If you want to start, simply don't!
Harsh but; <200 hours/fATPL = you're stuffed! If you want to start, simply don't!
Join Date: Jun 2004
Location: uk
Posts: 139
Likes: 0
Received 0 Likes
on
0 Posts
Greg2041,
Years 2034 to 2037 look a reasonable time scale for this econmic mess to work its way out the system...
Still deflating.....
BA sees no upturn & continue to cut costs!
BA sees no upturn | Reuters
Years 2034 to 2037 look a reasonable time scale for this econmic mess to work its way out the system...
Still deflating.....
BA sees no upturn & continue to cut costs!
LONDON (Reuters) - British Airways said on Friday it saw no improvement in bleak trading conditions and vowed to continue to cut costs, rounding off another miserable week for Europe's airlines.
This is the poster on my office wall, I thought I'd share it. I think of it as a sort of big calender.
WWW
WWW
Well I say office, I mean study.
We are at point 6.6 on the calender.
The worst is yet to come.
WWW
We are at point 6.6 on the calender.
The worst is yet to come.
WWW
Join Date: Apr 2001
Posts: 355
Likes: 0
Received 0 Likes
on
0 Posts
Tell me, why would anyone but a manic depressive, extremely unhappy with life, negative person even think of puting this poster up on their office/study/fall out shelter/gunroom wall?????
Life goes on!
Life goes on!
clear prop!!! - you seem to labour under this delusion that I'm a manic depressive, extremely unhappy with life, negative person.
Just ain't so old chap.
If you don't like my view attack it, counter it, refute it. Attacking the state of mind of the view holder just makes you look weak.
But then I have to admire your consistency - you've been lobbing bricks at me for coming up a decade now:
http://www.pprune.org/61777-post12.html
19th Sept 2001
WWW
ps Is there still a massive shortage of flying instructors and is your Scottish house still going up in value?
Just ain't so old chap.
If you don't like my view attack it, counter it, refute it. Attacking the state of mind of the view holder just makes you look weak.
But then I have to admire your consistency - you've been lobbing bricks at me for coming up a decade now:
http://www.pprune.org/61777-post12.html
19th Sept 2001
Just how many threads are you going to start telling would-be pilots that things look bad???
I think it is fair to say that we have all been shattered by recent events, and can see what has happened as a result, on the stock markets.. and beyond.
Yes, things look pretty ****ty at the moment and yes, you have ‘made it’ before the dreadful events of last week, but for ##### sake lets not kill off the idea of aviation as a career.
I think it is fair to say that we have all been shattered by recent events, and can see what has happened as a result, on the stock markets.. and beyond.
Yes, things look pretty ****ty at the moment and yes, you have ‘made it’ before the dreadful events of last week, but for ##### sake lets not kill off the idea of aviation as a career.
WWW
ps Is there still a massive shortage of flying instructors and is your Scottish house still going up in value?