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British Airways Warns Of ₤150m Loss  
User currently offlineBeyondBristol From United Kingdom, joined Jan 2009, 60 posts, RR: 0
Posted (5 years 6 months 1 week 1 day 6 hours ago) and read 2053 times:

Oh dear. Whilst I am a great fan of British Airways, this is really disappointing.

http://www.ft.com/cms/s/0/b66e12d6-ebc2-11dd-8838-0000779fd2ac.html

Some of the problems cited include slump in premium demand, cargo and the weakness of the sterling. There will be once again restructuring of the company.

It really is a shame. A record profit last year, a loss this year. Obviously their share price has fallen even further adding more strain to the BA-IB merger. I think BA will need to use the next upswing in the economy to diversify away from their dependence on LHR and North America. I suppose every airline is taking a hit right now, but not as bad. I believe AF-KLM expects to break even on full-year results, even after reporting a loss in their most recent quarter. I'm not up-to-date on LH's postion. This could be that just like the UK economy generally lags behind the US by 6-12 months, the Eurozone economy lags behind the UK a further 6-12 months so maybe worse times to come for European carriers. Though I think LH and AF-KLM are better prepared for downturns.

Still, lets remain optimistic! Come on BA!


I'll admit it...I'm a BA & VS cheerleader.
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