I am sure most peeps will know this is my favourite airline - I fly them and I buy them.

Currently I hold a quarter unit as a longer term investment which is also useful for shareholder benefits.

I will be looking to substantially add at the right time and not afraid to trade them either intraday or more probably as a swing trade.


ains




Shadow of conflict looms large over British Airways as firm fights to recover

TRACEY BOLES - Scotland on Sunday

BRITISH Airways will warn that the prospect of war with Iraq casts a long shadow over its full-year this week when it posts third quarter figures in line with expectations.

Lord Marshall, the BA chairman, is expected to tell analysts that political uncertainty could push the airline, still struggling to recover from the effects of September 11, further into reverse.

"Iraq is a key driver for everything," said a source close to the airline.

BA has admitted privately to analysts that transatlantic bookings for this March are "appalling" as the uncertainty stirred up by the prospect of war exerts an influence. Earnings estimate downgrades are now highly likely.

However, analysts believe a loss for the full year is still not on the cards.

Pre-tax estimates for the full year currently stand at up to 140m. BAs performance, which represents a strong recovery from the 180m loss posted in the equivalent quarter after September 11, has been driven by a vigorous cost-cutting programme rather than by revenue, which is still flat.

It will announce tomorrow that it is on track to achieve cost savings of 450m by the end of March through a process of shedding jobs and loss-making routes under its future size and shape strategy.

By the end of next month 10,000 jobs will have gone under the programme. "BA has weathered the storm better than most by getting costs under control," said one analyst. "In Europe, only Iberia has done likewise."

Third quarter operating profits are expected to be around 30m to 40m, in line with analysts expectations, with pre-tax figures between a 10m loss and 5m profit. The consensus is break even.

The airline has impressed experts by taking the threat posed by low-cost carriers seriously.

Geopolitical and economic problems are affecting demand air travel, especially on long-haul routes. BAs premium services are still under pressure, recent traffic figures revealed.

A speedy Gulf war will lead to a relief rally for the airline sectors shares which are depressed at the moment. However, BA itself has warned that prolonged conflict could trigger a slump in aviation equivalent to that seen after September 11.

Chris Tarry, former aviation analyst at Commerzbank who now runs CTAIRA said: "I believe that the last quarter has been very tough on the revenue side and indeed they have indicated this themselves.

"Unfortunately the outlook is no better - even without a war. The reality of the economic situation in the UK was underlined with the rate cut.

"Add to that the structural downward shift in fare levels and then the uncertainty over war - it doesnt bode well.

"Furthermore, given the uncertainty caused by Iraq let alone an actual war, it is pretty clear that the transatlantic market will be dire in the summer."

BA has traditionally depended on transatlantic traffic for its revenue.

Shells chairman, Sir Philip Watts, also admitted last week that the oil giant was preparing for "uncertain times" ahead.

He said Shell had looked at the range of possibilities that could occur and had "a plan for every eventuality".

ROFLMAO

LOL - irony clearly lost!!! LOL I don't understand why you persist with this new measurement 'unit'. I suppose in your mind, with your units your well ahead on all your trades!!!!
For us simpletons who trade shares/lots even bars we have to use traditional methods of calculating P+L, Ainsoph has his own unique 'units', and hes up nearly a whole one!!! Oh dear-O-dear
"..... average cost around 92p now if I exclude the profits banked from last time :-)"
thats a good one, also excluding your purchases @ 180 then too!?

SNAPPY - I fly to BKK 2morrow, after which I will have earned enough air miles 4 a free trip anywhere in the immediate area, i reckon ill plump for HK. Where did u go in the end?

Now starting to show a marginal gain ..... always good to get it right

Stayed in Causeway bay, which of course is near Wan Chai. Spent 4 days up on top a mountain enjoying the view and enjoying all the smiles from the female population!

ains: don't know about your 'units', but this stock and BT are each down 18% in the month since you started the threads. Do yourself and us a favour, please!:-)

;D
I love being single and in Asia(since when was being single a prob thoguh!), Wan Chai is fun too. I have relatives by Aberdean tunnel and stanley mrkt, spoilt 4 choice, wish they'd give me a job!!!

Ains-What are you talking about, bid 92.5, so u've decided ur long from 92p eh? u'll still lose imo!

Diogenes-LOL, if only u knew....

If you don't know about units - it seems a little silly to comment on them .... don't you think?


What has the start date of the thread got to do with units or whether I am making money

This was the opening post - please feel free to ask the meaning of any words you have difficulty in understanding Diogenes





I am sure most peeps will know this is my favourite airline - I fly them and I buy them.

Currently I hold a quarter unit as a longer term investment which is also useful for shareholder benefits.

I will be looking to substantially add at the right time and not afraid to trade them either intraday or more probably as a swing trade.


ains

still ticking up ..... which is nice in this market

Trader ainsey,

I'm beginning to feel you might be a quarter short of a full unit.

F

LOL what do u mean still ticking up? its down 4%!?
And where have u been recently on BAY AINSOPH

ticking up?

it's 90.5p

it's at a 5 year low. possibly an all time low but can't remember what price they were floated at

In ainsey's little head it's ticking up. So it's ticking up, right.

F

yep tp Asia is fun I prefer to go over as a single man. Will probably have myself an Asian wife when I decide to stop playing around and move over there somewhere. Getting more and more tired of the UK.

Snappy-thats all i hear.
Ains BAY -'UNITS'- ticking up, OOHHHHHHHH, thats what he must of ment

Ains: I don't wish to be unkind. I'm just saying that you do seem to be a bit of a Jonah where shares are concerned. These two (BT.A and BAY) down 18% since you started posting a month ago; Izodia suspended and its cash stolen; and today's disaster, Ashtead (down 68% today, looks like another case of cash going missing). Couldn't you confine yourself, at least, to posting stuff that's relevant to the share price, instead of cutting and pasting every single thing you can find?

As for those 'units', I just hope they're small ones! (I suppose they are now, anyway.)

To be frank Diogenes you seem to be obsessed with talking about me losing .... the whole market is down - or haven't you noticed. If you want to comment on my trading you should note when I buy and sell and at what price.

BAY - I am averaging around 92p - They closed at 91p but this is a longer term play and I am deliberatly accumulating in these troubled times.

IZO were suspended three months ago and if you read the thread you will see the money is soon to be recovered and I should clear around 100%

AHT - I bought at a low some months ago and having closed some at a profit I held on to the others and losing half a unit less profits already taken

I note that despite the fact that I hold over 40 shares and have posted on most of them you avoid all my big winners like FDBK - THO - ENI - MTC - XAN - etc


By all means feel free to comment on my trading but try not to be so sective in the future otherwise peeps will assume you have a hidden agenda. Have a read of the opening post - this will give you a good idea what I intend doing ...... although this can change

As for my postings - I have always posted as I please and suggest you can either stop reading the threads which I originate or filter me. I will not be upset in any way.

Finally as I have traded since the age of 16 and have a grown up family I assume I am probably doing something right - don't you?

I do appreciate your continued interest and wish you well if we don't talk again


ainsoph

;-]]]

Well, ains, I have got a low boredom threshhold, if you like to call that a hidden agenda. :-)