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Old October 10th, 2005, 11:56 PM   #21
spyguy
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BAA: British American Airlines

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Old October 11th, 2005, 06:57 AM   #22
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If BA and AA moved all their London flights to Gatwick or Stansted, and gave all their slots to other British and US airlines then just maybe, maybe they could codeshare, if they were lucky.
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Old October 11th, 2005, 07:11 AM   #23
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Quote:
Originally Posted by Nick in Atlanta
If BA and AA moved all their London flights to Gatwick or Stansted, and gave all their slots to other British and US airlines then just maybe, maybe they could codeshare, if they were lucky.
But don't airlines fight to the death to get Heathrow slots? Not to mention BA's building Terminal 5.
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Old October 12th, 2005, 08:22 PM   #24
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Exactly!! My point being that neither BA or AA would give up their precious Heathrow slots and move to the "outer" airports like Gatwick or Stansted, even if it meant they would be able to just codeshare on US-London flights.
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Old May 20th, 2006, 08:15 PM   #25
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British Airways reports stunning profits

Their total profits were already higher than any other airline in the world last year, by far, and this year they report a 21% gain on that. Well done BA!! Now to deal with that pensions deficit....


BA profits up on ticket increases
http://news.bbc.co.uk/1/hi/business/4996458.stm



British Airways has seen its pension deficit rise


British Airways (BA) has reported an increase in annual profits after the airline filled its planes with passengers on more expensive tickets.

Pre-tax profit was £620m ($1.2bn) in the 12 months ending 31 March, 21% up on the previous year. Sales increased to £8.52bn from £7.7bn, BA said.

Operating profit was £705m, which topped market expectations.

Faced with increased competition, BA has added new routes and raised ticket prices to offset surging fuel costs.

BA shares closed 29.25 pence, or 9.14%, higher at at 349.25p on the London market.

"We believe trading and strategy are going very well for the company," Deutsche Bank said in a note to clients.


Pension proposals

The main driver of BA's business is its trans-Atlantic and long-haul operations, and the firm has added new routes to China and India to tap into growing demand among top business travellers.

About 60% of BA's earnings are made on routes to the US and Canada.

Also helping BA's bottom line has been a recovery in its short-haul business, which the firm said is now in profit for the first time in 10 years.



I am pleased with the dialogue we have had with staff, trustees and trade unions on the vital pensions issue
BA chief executive Willie Walsh


BA has also improved its seat or load factor, with fuller planes as demand for air travel grows.

Earlier this year, BA announced plans to cut fares by more than 50% to 65 destinations in an effort to lure clients away from its lower cost rivals such as Ryanair and Easyjet.

BA also is looking at ways of cutting costs, especially with relation to its pensions deficit.

The airline has said it wants to raise the retirement age for its pilots and cabin crew. It would then inject £500m into the pension scheme.

On Friday, BA said that its pensions deficit was £2.07bn, up £101m from a year ago.

"We have announced our proposal to tackle the pension deficit and I am pleased with the dialogue we have had with staff, trustees and trade unions on this vital issue," said BA's chief executive Willie Walsh.

"These are good results with revenue performance by improvements in seat factors and yield," he added.


Higher costs

The effect of funding the pensions shortfall was evident during the past 12 months, and BA said that employee costs increased by 5%.

Another negative was the impact of record crude oil prices that pushed fuel costs significantly higher and were a main factor behind an 8.2% gain in total costs.

BA said its annual fuel bill rose by 44.7% to £1.6bn, and is forecasting that it will need to spend £600m more this year to keep its planes in the air.

"Market conditions remain broadly unchanged," said Martin Broughton, BA's chairman.

However, BA's efficiency plans would involve significant changes and there are fears they could lead to strikes, though Mr Walsh played down the likelihood of a repeat of the industrial action that blighted travellers last summer.

"There is nothing on our agenda to signal there will be any difficulties this summer," he said. "We are going to tackle all aspects of the cost base where we can."

BA said on Friday it would pay staff a £48m bonus after they achieved an 8.3% operating margin.
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Old May 20th, 2006, 08:18 PM   #26
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Damn......
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Old May 20th, 2006, 08:32 PM   #27
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^ LOL why "damn"?
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Old May 22nd, 2006, 02:43 PM   #28
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So the price-cutting strategy for their short-haul routes has worked? It's quite weird that BA is promoting its premium long-haul and going more no-frills in short haul at the same time.
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Old May 30th, 2006, 10:11 PM   #29
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Quote:
Originally Posted by hkskyline
So the price-cutting strategy for their short-haul routes has worked? It's quite weird that BA is promoting its premium long-haul and going more no-frills in short haul at the same time.
BA makes most of its profits from ferrying business passengers across the Atlantic. In the past BA has used its short-haul routes primarily as feeders for their highly profitable trans-Atlantic and other long-haul routes. Short-haul was seen almost as a loss-leader for long-haul. These days there is shareholder pressure for short-haul to be profitable in its own right. To make short-haul profitable BA has had to mimic the practises pioneered by its low cost competitors. I think BA deserves credit for making its European operations profitable given that it faces more formidable short-haul competiton than perhaps any other airline in the world. However I wonder why they were not able to turn a profit on short-haul 10 years ago when the low-cost competiton was so much less?
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Old May 30th, 2006, 10:38 PM   #30
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Hey Monkey, would this profit encourage BA to open up new routes, for example London to Amritsar?

Well done BA
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Old May 31st, 2006, 04:23 AM   #31
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Quote:
Originally Posted by Monkey
Their total profits were already higher than any other airline in the world last year, by far, and this year they report a 21% gain on that. Well done BA!! Now to deal with that pensions deficit....
Their total profits are certainly not "higher than any other airline in the world". Stop bragging. Air France-KLM, for one, reported higher pre-tax profits than BA: €1.2 bn ($1.5 bn) for AF-KLM vs. £620m ($1.2bn) for BA. And their profits were up by 69%, so the 21% gain reported by BA is not exceptional either. Check here for more details.
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Old May 31st, 2006, 05:06 PM   #32
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Quote:
Originally Posted by SE9
Hey Monkey, would this profit encourage BA to open up new routes, for example London to Amritsar?

Well done BA
They are opening more routes, and have huge increase in capacity and routes to India, but BA suffers from a severe slot availability problem at Heathrow so new route openings are not as high as they could otherwise be. Most of the gain in profits is owing to more efficient operations.
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Old May 31st, 2006, 05:42 PM   #33
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Quote:
Originally Posted by brisavoine
Their total profits are certainly not "higher than any other airline in the world". Stop bragging. Air France-KLM, for one, reported higher pre-tax profits than BA: €1.2 bn ($1.5 bn) for AF-KLM vs. £620m ($1.2bn) for BA. And their profits were up by 69%, so the 21% gain reported by BA is not exceptional either. Check here for more details.
No Air-France-KLM's full year pre-tax profits are up 29.3% on last year at €913m ($1.164bn) which is less than BA's $1.2bn despite Air-France-KLM having a much higher turnover (therefore Air-France-KLM is much less profitable in percentage terms as well as being less profitable in total). Only Air-France-KLM's operating profit is up 69.3% - at €936m - again less than BA's £705m operating profit (€1028m at today's exchange rate).
http://uk.news.yahoo.com/18052006/32...ar-profit.html
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Old May 31st, 2006, 10:11 PM   #34
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Quote:
Originally Posted by Monkey
No Air-France-KLM's full year pre-tax profits are up 29.3% on last year at €913m ($1.164bn) which is less than BA's $1.2bn despite Air-France-KLM having a much higher turnover (therefore Air-France-KLM is much less profitable in percentage terms as well as being less profitable in total). Only Air-France-KLM's operating profit is up 69.3% - at €936m - again less than BA's £705m operating profit (€1028m at today's exchange rate).
http://uk.news.yahoo.com/18052006/32...ar-profit.html
Man, before starting braggart threads about BA's profits, you should learn the basics of accounting. Your Yahoo article is refering to Air France-KLM's **NET** profit, i.e. profit AFTER taxes are paid, whereas the article you pasted in the beginning of this thread refers to British Airways' PRE-TAX profit. Get the difference? AF-KLM's financial statement, which I linked to in my previous posting, clearly says that AF-KLM's pre-tax profits in the year ending March 2006 were €1.2 billion ($1.5 bn), i.e. higher than BA's pre-tax profits which according to the very article you pasted in the beginning of this thread were only £620m ($1.2bn).
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Old June 1st, 2006, 01:17 AM   #35
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Quote:
Originally Posted by brisavoine
Man, before starting braggart threads about BA's profits, you should learn the basics of accounting. Your Yahoo article is refering to Air France-KLM's **NET** profit, i.e. profit AFTER taxes are paid, whereas the article you pasted in the beginning of this thread refers to British Airways' PRE-TAX profit. Get the difference? AF-KLM's financial statement, which I linked to in my previous posting, clearly says that AF-KLM's pre-tax profits in the year ending March 2006 were €1.2 billion ($1.5 bn), i.e. higher than BA's pre-tax profits which according to the very article you pasted in the beginning of this thread were only £620m ($1.2bn).
Pre-tax shme-tax. BA's operating profits are still higher than Air-France-KLM combined despite the latter's increasing by 69.3% since last year. Air-France-KLM is just the result of a big merger. In terms of profitablility it performs very poorly next to BA. BA's operating margin (ie operating profit as a percentage of revenue) is 8.3% compared to just 4.4% at Air France-KLM:
http://www.britishairways.com/travel...s/public/en_gb
http://news.yahoo.com/s/ap/20060518/...air_france_klm
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Old June 1st, 2006, 05:06 AM   #36
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Quote:
Originally Posted by Monkey
^ LOL why "damn"?
lol....damn because of all the money that they're making!!
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Old June 12th, 2006, 03:19 AM   #37
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British Airways voted world's best airline 2006 by Skytrax

Skytrax, the world's largest independent airport passenger survey, has awarded British Airways as the world's best airline in 2006. The Airline of the Year survey is independent and highly-esteemed. It claims to be "the only airport survey that achieves a truly worldwide audience".
http://www.worldairlineawards.com/


Airline of the Year 2006

Rank, Airline (2005 position)

01) British Airways (5th)
02) Qantas Airways (2nd)
03) Cathay Pacific (1st)
04) Thai Airways (7th)
05) Emirates (3rd)
06) Qatar Airways (8th)
07) Singapore Airlines (4th)
08) A.N.A (10th)
09) Malaysia Airlines (6th)
10) China Airlines (16th)



Amongst other things British Airways is the world's largest long-haul airline, the largest Trans-Atlantic airline, the largest operator of the Boeing 747-400 (57 in the BA fleet), and the world's most profitable airline measured by total operating profits.

I find BA particularly impressive given that it faces more formidable short-haul competition than any other airline in the world from London-based LCCs Ryanair and EasyJet, and also the equally impressive Virgin Atlantic on its core long-haul routes.



BA garners top honour at World Airline Awards
http://news.cheapflights.co.uk/fligh...ners_top_.html



British Airways (BA) has won the top honour at the 2006 World Airline Awards, being named Airline of the Year ahead of Qantas and Cathay Pacific.

Thai Airways and Emirates completed the top five in the best airline category at the awards, which are based on a survey conducted by Skytrax between September 2005 and May 2006.

Factors considered by the survey include ground services such as booking and website quality; onboard and product services including comfort, cleanliness and entertainment; and onboard staff service such as assistance, friendliness and problem solving skills.

Edward Plaisted, the chief executive of Skytrax, congratulated British Airways on its win and praised its consistency.

"An airline undergoing considerable changes and cutting product levels to compete across Europe with the low-cost airline competition, a key element to emerge in the passenger voting for British Airways was that it performs well in terms of general product and service consistency," he said.

BA also pleased premium customers, who rewarded the airline by giving it a proportionately high number of nominations in the Skytrax survey.

The Airline of the Year survey is independent and highly-esteemed. It claims to be "the only airport survey that achieves a truly worldwide audience".
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Old June 12th, 2006, 03:20 AM   #38
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Old June 12th, 2006, 03:39 AM   #39
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Congratulations, I like BA too.
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Old June 12th, 2006, 04:03 AM   #40
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OMG! What happened to the previous top 3?!!!!
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