Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
IAG Announce Q1 Loss  
User currently offlineGSTBA From UK - England, joined Apr 2010, 465 posts, RR: 1
Posted (2 years 2 months 3 weeks 15 hours ago) and read 4884 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:

http://www.iairgroup.com/phoenix.zht...-newsArticle&ID=1695000&highlight=

[Edited 2012-05-11 00:02:09]

20 replies: All unread, jump to last
 
User currently offlinePHX787 From Japan, joined Mar 2012, 7233 posts, RR: 17
Reply 1, posted (2 years 2 months 3 weeks 14 hours ago) and read 4701 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.



One of the FB admins for PHX Spotters. "Zach the Expat!"
User currently onlineByrdluvs747 From United States of America, joined Jul 2004, 2353 posts, RR: 1
Reply 2, posted (2 years 2 months 3 weeks 14 hours ago) and read 4675 times:

Speaking of fuel, why don't airlines tug planes to the runway instead of using the engines?


The 747: The hands who designed it were guided by god.
User currently onlineDano1977 From British Indian Ocean Territory, joined Jun 2008, 484 posts, RR: 0
Reply 3, posted (2 years 2 months 3 weeks 14 hours ago) and read 4566 times:

Quoting Byrdluvs747 (Reply 2):
Speaking of fuel, why don't airlines tug planes to the runway instead of using the engines?

Well one reason...

The IAE V2500 engine on the Airbus, needs a 5 minute warm up time.

Tug to the runway, then a 5/10 minute hold assuming you don't start both engines at the same time.

Don't know if other engines have warm up times, or just turn and burn



Children should only be allowed on aircraft if 1. Muzzled and heavily sedated 2. Go as freight
User currently offlinevegetables2001 From UK - England, joined Mar 2012, 93 posts, RR: 0
Reply 4, posted (2 years 2 months 3 weeks 14 hours ago) and read 4527 times:

Oh dear what a shame!


A306,319,333 ATR72 BAC113/5, B703/704,717,721,732/3/4/5/7/8,741/1/4,757,763,773/E, DC8-6,9-3/5,10-30, DC106
User currently offlinePezySPU From Croatia, joined Dec 2011, 283 posts, RR: 0
Reply 5, posted (2 years 2 months 3 weeks 13 hours ago) and read 4402 times:

Never would've guessed ZAG was so high on IAG's wishlist.

User currently offlineAirbusA6 From United Kingdom, joined Apr 2005, 2011 posts, RR: 0
Reply 6, posted (2 years 2 months 3 weeks 13 hours ago) and read 4337 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)
User currently onlineByrdluvs747 From United States of America, joined Jul 2004, 2353 posts, RR: 1
Reply 7, posted (2 years 2 months 3 weeks 13 hours ago) and read 4204 times:

Quoting AirbusA6 (Reply 6):
Is Croatia that much more lucrative than Serbia?

I would imagine that there's a lot more tourism to Croatia than Serbia.

Quoting Dano1977 (Reply 3):
Well one reason...

The IAE V2500 engine on the Airbus, needs a 5 minute warm up time.

Can't planes be tugged while the engines are warming up?



The 747: The hands who designed it were guided by god.
User currently offlinePezySPU From Croatia, joined Dec 2011, 283 posts, RR: 0
Reply 8, posted (2 years 2 months 3 weeks 12 hours ago) and read 4094 times:

Here's something from Twitter today:

@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

Quoting Byrdluvs747 (Reply 7):
Quoting AirbusA6 (Reply 6): Is Croatia that much more lucrative than Serbia?

I would imagine that there's a lot more tourism to Croatia than Serbia.

There is, but not really in ZAG. BA already operates to DBV, which is a tourist hot-spot especially in summer, but BA keeps it as an all year round service.

[Edited 2012-05-11 03:47:34]

User currently offlineanstar From United Kingdom, joined Nov 2003, 5176 posts, RR: 6
Reply 9, posted (2 years 2 months 3 weeks 10 hours ago) and read 3879 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.


User currently offlinePolot From United States of America, joined Jul 2011, 2130 posts, RR: 1
Reply 10, posted (2 years 2 months 3 weeks 10 hours ago) and read 3812 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.


User currently onlineByrdluvs747 From United States of America, joined Jul 2004, 2353 posts, RR: 1
Reply 11, posted (2 years 2 months 3 weeks 10 hours ago) and read 3766 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

I just hope that's some strategic FUD he's throwing out there.

Quoting anstar (Reply 9):
getting BMI integrated into BA

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.



The 747: The hands who designed it were guided by god.
User currently offlineheebeegb From Finland, joined Sep 2007, 424 posts, RR: 0
Reply 12, posted (2 years 2 months 3 weeks 8 hours ago) and read 3521 times:

Virgin tried towing aircraft to the runway in the past

See the discussion about it here

Virgin Abandons Plans To Tow Aircraft To Runway (by BCAL Mar 12 2008 in Civil Aviation)


User currently offlineby738 From Tonga, joined Sep 2000, 2266 posts, RR: 1
Reply 13, posted (2 years 2 months 3 weeks 5 hours ago) and read 3317 times:

Cant see any of those routes being maintained for the long term. LBA particularly is an oddity.

User currently offlineTristarsteve From Sweden, joined Nov 2005, 3982 posts, RR: 34
Reply 14, posted (2 years 2 months 3 weeks 4 hours ago) and read 3252 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.


User currently offlineanstar From United Kingdom, joined Nov 2003, 5176 posts, RR: 6
Reply 15, posted (2 years 2 months 3 weeks 4 hours ago) and read 3251 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.

Ok it might not be hard but it will take alot of managements time and focus.


User currently offlinetimboflier215 From United Kingdom, joined May 2005, 1323 posts, RR: 1
Reply 16, posted (2 years 2 months 3 weeks 4 hours ago) and read 3208 times:

How does this stack up against Air France-KLM and Lufthansa's 1st Quarters?

User currently offlinespeedbird9 From United Kingdom, joined Jan 2008, 231 posts, RR: 0
Reply 17, posted (2 years 2 months 3 weeks 4 hours ago) and read 3157 times:

nice little video on BBC
http://www.bbc.co.uk/news/business-18033746



Is the customer always right? Michael O'Leary: no the customer is nearly always wrong
User currently offlinekdhurst380 From United Kingdom, joined Jun 2010, 174 posts, RR: 0
Reply 18, posted (2 years 2 months 3 weeks 1 hour ago) and read 2760 times:

Quoting Byrdluvs747 (Reply 7):
Can't planes be tugged while the engines are warming up?

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.

[Edited 2012-05-11 14:56:01]

User currently offlineSuperCaravelle From Netherlands, joined Jan 2012, 233 posts, RR: 0
Reply 19, posted (2 years 2 months 2 weeks 6 days 6 hours ago) and read 1925 times:

Quoting timboflier215 (Reply 16):
How does this stack up against Air France-KLM and Lufthansa's 1st Quarters?

In terms of numbers, similar, size considered (LH something like 300 million, AF-KL 300something million).

The biggest part of the loss can be attributed to IB though. I know the Spanish economy has collapsed as well, but as of now IB hasn't benefited from the merger yet.


User currently offlineEK413 From Australia, joined Nov 2003, 4872 posts, RR: 4
Reply 20, posted (2 years 2 months 2 weeks 4 days 16 hours ago) and read 1495 times:

Quoting Byrdluvs747 (Reply 2):
Quoting Byrdluvs747 (Reply 7):
Quoting Polot (Reply 10):

You would be stuck with costs of running more tugs, fuel, maintenance and staff... Really don't see how this concept would work and let's not forget VS have trialed the same concept...

There is a thread discussing Alitalia investing in a new device which allows aircraft to taxi engineless utulizing APU power... Includes a youtube video of a LH A320 under going trials in FRA...

EK413



Good evening, ladies and gentlemen. We are tonight’s entertainment!
Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
UAL To Book Q1 Loss posted Tue Apr 24 2012 21:45:20 by kfitz
AMR Reports $1.7 Bil Q1 Loss posted Thu Apr 19 2012 06:52:22 by jamake1
Delta Post Q1 Loss posted Tue Apr 20 2010 07:05:13 by deltal1011man
AF/KL Post Q1 Loss Of Almost Half A Billion Euro! posted Tue Aug 4 2009 08:27:03 by Slz396
SIA Q1 Loss US$213m, To Give Away Sats For Free posted Thu Jul 30 2009 03:01:17 by Docpepz
BA Announce £401m Loss For 2008 posted Thu May 21 2009 23:50:41 by SeansasLCY
ExpressJet Post Q1 Loss - $31.3mil posted Mon May 5 2008 18:23:49 by LAXintl
Hawaiian Air Post Q1 Loss - $19.9mil posted Wed Apr 30 2008 13:42:46 by LAXintl
Alaska Post Q1 Loss - $35.9mil posted Thu Apr 24 2008 06:25:24 by LAXintl
US Airways Post Q1 Loss - $236mil posted Thu Apr 24 2008 06:21:23 by LAXintl