GSTBA From UK - England, joined Apr 2010, 491 posts, RR: 1 Posted (3 years 3 weeks 2 days 5 hours ago) and read 5091 times:
IAG's Willie Walsh today announced
"IAG Total revenue in the quarter was up 7.8 per cent with passenger unit revenue up 8.5 per cent based on a capacity increase of 0.6 per cent. Despite this, we've made an operating loss of €249 million before exceptional items. This is mainly due to a €281 million, 24.9 per cent rise in fuel costs, driven by higher prices, the reduced impact of hedging and emissions charges. The Iberia pilots' strike cost €25 million this quarter.
"Iberia's overall operating loss for the quarter was €170 million (2011: €100 million operating loss) and British Airways' operating loss was £62 million before exceptional items (2011: £5 million operating loss). Iberia's performance reflects the weakness of the Spanish domestic market and industrial action by pilots opposed to actions by Iberia's management to improve the airline's efficiencies. For British Airways, although the London market and demand for transatlantic travel remains strong, its performance has been affected by rising fuel costs".
According to the article IAG have received been contacted by airports across the UK and beyond about starting services and, subject to reaching satisfactory agreement with them, we plan to also launch flights from Heathrow to Leeds-Bradford, Rotterdam and Zagreb and increase frequencies to existing key destinations. Consultation continues with bmi mainlinestaff and their trade unions about plans to integrate the business into British Airways.
The full article on the Q1 results can be found here:
PHX787 From Japan, joined Mar 2012, 8252 posts, RR: 19
Reply 1, posted (3 years 3 weeks 2 days 4 hours ago) and read 4908 times:
Well that is what strikes do to airlines. Speaking solely from an American's standpoint, I do believe that it did nothing but hurt IAG and haven't we seen this before.....
I'm sure (unrelated to the above) if IAG makes some cost cutting efforts (specifically when the 787 gets delivered) i'm sure something can be done to deal the price of fuel. We're gonna see a lot of airlines with a loss this quarter, IMO.
AirbusA6 From United Kingdom, joined Apr 2005, 2058 posts, RR: 0
Reply 6, posted (3 years 3 weeks 2 days 3 hours ago) and read 4544 times:
If BA and IB had merged now instead of 2 years ago, I imagine the percentages given to shareholders in the 2 original airlines would have been a bit different, 2 or 3 years ago IB was on a high, with its strong routes to Latin America, while BA was struggling.
Seems strange to launch flights to Zagreb, when they only cancelled flights to Belgrade last year. Is Croatia that much more lucrative than Serbia?
it's the bus to stansted (now renamed national express a4 to ruin my username)
anstar From United Kingdom, joined Nov 2003, 5429 posts, RR: 6
Reply 9, posted (3 years 3 weeks 2 days 1 hour ago) and read 4086 times:
Quoting PezySPU (Reply 8): @ABDunn: #IAG Willie Walsh during Q1 call on changing market - our interest in TAP is significantly less today than it would have been 12 months ago
Totally. The have their hands full at Iberia and getting BMI integrated into BA.... It would not be a good move to take on another "project" whilst they are busy with these. Lufthansa tried and it too found itself with too many.
Polot From United States of America, joined Jul 2011, 2767 posts, RR: 1
Reply 10, posted (3 years 3 weeks 2 days ago) and read 4019 times:
Quoting Byrdluvs747 (Reply 2): Speaking of fuel, why don't airlines tug planes to the runway instead of using the engines?
In addition to the engine warm up issues previously mentioned, airlines also would have to buy a lot more tugs and hire a lot more people if they want to do that. In the end it would probably just be a wash while resulting in slower operations.
Tristarsteve From Sweden, joined Nov 2005, 4168 posts, RR: 33
Reply 14, posted (3 years 3 weeks 1 day 18 hours ago) and read 3459 times:
Quoting Byrdluvs747 (Reply 11): How hard can it really be to integrate one British carrier into another? It's not like BD will be operated as an independent entity like IB. I see BD as a non issue.
Its not hard, just a lot of work.
All the pilots and cabin crew need retraining.
All the aircraft need modification, painting, and conversion to the BA AOC.
This will all be complete by Christmas.
A BMI A319 may look like a BA A319, but inside they are different. BMI have more seats, less toilets, different cabin crew seats, different galleys, different emergency equipment, different pax seats etc etc.
The plan is that by Xmas any BA crew can operate any aircraft.
Lots to do.
By the way the first few BMI aircraft will emerge in the Olympic Dove livery.
Considering the engine is running during the warm up phase, it would defeat the object. You only need a little bit of breakaway thrust to get a small Airbus moving then they keep going on idle with ease.
Most airlines nowadays at least shut an engine down after landing, easyJet have recently started an initiative of single engine taxi both before and after flight.