mhodgson
Posts: 4673
Joined: Mon Dec 30, 2002 8:47 pm

BA 1st Quarter Profits Soar

Fri Aug 04, 2006 6:40 pm

Quote:
Rising passenger numbers have helped British Airways shrug off the rising cost of aviation fuel and post a 57% increase in first quarter profits.

Pre-tax profit for the three months to the end of June hit £195m, compared with £124m in the same period of 2005.

Profits rose despite a 44% rise in fuel costs and a 7% hike in staff costs as a result of BA's pension scheme deficit.

http://news.bbc.co.uk/1/hi/business/5244404.stm

Excellent news!
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Speedbirdie
Posts: 873
Joined: Mon May 15, 2006 5:11 am

RE: BA 1st Quarter Profits Soar

Fri Aug 04, 2006 6:50 pm

Fantastic news!! Congratulations BA...
Now bring on BOE773 with some worthless posts saying BA are going down..
Safe flying  Smile
Never give up..
 
speedbirdegjj
Posts: 402
Joined: Tue Nov 25, 2003 7:01 pm

RE: BA 1st Quarter Profits Soar

Fri Aug 04, 2006 6:50 pm

For gods sake dont let BOE773 see this thread, It will totally shatter his illusion that BA are going to the wall tomorrow!!.....

Agreed Excellant news and a great testament to all the hard work put in by so many over the last few years!!
 
BCAL
Posts: 2925
Joined: Mon Jun 28, 2004 10:16 pm

RE: BA 1st Quarter Profits Soar

Fri Aug 04, 2006 7:43 pm

Quoting Speedbirdie (Reply 1):
Now bring on BOE773

Maybe someone should IM him, so we can read his drivel!

Great news for BA and an excellent achievement for all concerned. However, the pilots' case on their pensions is strengthened......
MOL on SRB's latest attack at BA: "It's like a little Chihuahua barking at a dying Labrador. Nobody cares."
 
wrighbrothers
Posts: 1807
Joined: Wed Jul 27, 2005 8:15 am

RE: BA 1st Quarter Profits Soar

Fri Aug 04, 2006 8:17 pm

Quoting Mhodgson (Thread starter):

I'm sure all those job cuts have something to do with it !
Excellent news, I genuinely feel pleased for them, well done to all the staff for their hard work ,keep it up  Smile

Quoting Speedbirdie (Reply 1):
Now bring on BOE773 with some worthless posts saying BA are going down..

Ha-ha, I'm sure he's finding something to moan about, perhaps he'll say that the huge profits are due to price fixing  Yeah sure

Wrighbrothers
Always stand up for what is right, even if it means standing alone..
 
LGWspeedbird
Posts: 428
Joined: Sat Nov 05, 2005 12:29 am

RE: BA 1st Quarter Profits Soar

Fri Aug 04, 2006 10:25 pm

Yay! Well done BA, although can you please send some of that money to LGW so we can have some new planes??

 airplane  New Aircraft = Happy People  cheerful 
upcoming flights LHR-LAX-HNL-SFO-LHR
 
LHR777
Posts: 645
Joined: Sat Nov 05, 2005 6:14 pm

RE: BA 1st Quarter Profits Soar

Fri Aug 04, 2006 11:17 pm

Quoting Wrighbrothers (Reply 4):
perhaps he'll say that the huge profits are due to price fixing  

...and somehow manage to incorporate something about how great Air Canada are. Poor, disillusioned fellow.......
 
cloudyapple
Posts: 1261
Joined: Sun Jul 24, 2005 7:01 am

RE: BA 1st Quarter Profits Soar

Fri Aug 04, 2006 11:44 pm

Quoting BCAL (Reply 3):
Maybe someone should IM BOE773

I thought he has been banned?
A310/A319/20/21/A332/3/A343/6/A388/B732/5/7/8/B742/S/4/B752/B763/B772/3/W/E145/J41/MD11/83/90
 
speedbirdegjj
Posts: 402
Joined: Tue Nov 25, 2003 7:01 pm

RE: BA 1st Quarter Profits Soar

Fri Aug 04, 2006 11:57 pm

Quoting Cloudyapple (Reply 7):
I thought he has been banned?

Wouldnt be any great loss, never in all my time on anet have I seen anyone spout such continous verbal diahorrea, and hijack intelligent debates with childish dross!!...
 
B742
Posts: 3562
Joined: Mon Mar 14, 2005 12:48 am

RE: BA 1st Quarter Profits Soar

Sat Aug 05, 2006 12:19 am

Quoting LGWspeedbird (Reply 5):
Yay! Well done BA, although can you please send some of that money to LGW so we can have some new planes??

I'm affraid I don't see that coming for a while yet  Sad

Good news for BA, first winning Airline of the Year and now a rise in profits  Smile

Rob!  wave 
 
Msl747
Posts: 349
Joined: Tue Jul 27, 2004 9:30 am

RE: BA 1st Quarter Profits Soar

Sat Aug 05, 2006 12:19 am

Very good news for BA!!!
Commercial Pilot Certificate: Single and Multi-Engine Land; Instrument Airplane
 
Shamrock_747
Posts: 1499
Joined: Thu Mar 28, 2002 3:25 am

RE: BA 1st Quarter Profits Soar

Sat Aug 05, 2006 12:32 am

A very healthy set of results. It is unfortunate that despite this good performance the pensions deficit is still hanging over the airline, and indeed appears to have worsened. Hopefully the issue will be dealt with for good over the course of the next financial year, so BA can move on and look forward to new aircraft and further expansion.
 
scotron11
Posts: 1181
Joined: Tue Feb 10, 2004 4:54 pm

RE: BA 1st Quarter Profits Soar

Sat Aug 05, 2006 1:05 am

Quoting Shamrock_747 (Reply 11):

the pensions deficit is still hanging over the airline, and indeed appears to have worsened.

It is not just BA that has this problem, although I must admit they have a huge liability. It'll take quite some negotiating to work this one out.

Seems the tail is wagging the dog at the moment. Nonetheless, good results tho!
 
vv701
Posts: 5780
Joined: Fri Aug 19, 2005 10:54 am

RE: BA 1st Quarter Profits Soar

Sat Aug 05, 2006 8:53 am

Many experts said that BA's long term objective (established some time ago under Eggington) of achieving an operating margin of 10 per cent was pie in the sky. Perhaps the most significant figure in their first quarter results is an operating margin of 9.1 per cent. The revenue increase of 12.5 per cent to £2.3 billion and the operating profit increase of 20 per cent to £211 million are also outstanding figures.

Well done BA staff and well done BA management.

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