Recent problems with the new T5 Terminal at Heathrow have resulted in more problems for BA when will they recover their No1 position.

i would have liked to have seen sp stay above 220, but never mind ..... i shall continue to hold for the time being and shall see what the press has to say ..... overall, i should think it will be quite positive, both for the merger itself and for air traffic outlook in general

m8 halifax has gone all huffy-puffy about BAY, but that is similarly true of TLW ..... not that all my faves come up smelling of roses by any means, but it's fun to tease the shoddy-maker

cynic sticks and stones etc. do try to act your assumed age.

don't be so dull even though i know many yorkshiremen find it difficult to be more cheery than dour at best .... anyway, i like being peter pan or being in second childhood - i don't really differentiate

thought you might decide to expound on the ancient craft of shoddy-making, but clearly not

BA has been badly managed since Lord King retired,we now have a CEO used to running a small Irish airline but over the past 4 years has proved incapable of solving the ever increasing problems. Do we really think a merger with a Spanish airline is going to solve these problems especially after the debacle with the opening of terminal 5 and the way the Spanish run BAA?

The solution is obvious, downsize the airline, focus on the high net worth business and leave the dross to Easyjet and Ryanair. The proposed merger will not solve the union problems and huge retrenchment will cost the merged company more than shareholders can afford when both airlines are loss making.

we shall see .... meanwhile, if sp rises merely because it's a full moon, i shall not care

btw, i would never ever fly Ryanair having seen the appalling way it treats its customers and does its very best to avoid and evade tackling problems they (the customers) may have - e.g. lost luggage and similar ..... that man (whatever his name) is a disgrace, and no doubt in due course all will come home to roost

cynic why should the Irish treat the British any other way?

the specific guy concerned - a friend of mine - is actually half Scottish and half Danish!
to get Ryanair to compensate for sending his golf clubs to Las Palmas instead of Prestwick, he ultimately had to take out a Small Claims action in Dublin ..... Ryanair then crumbled instantly

cynic and you don,t know his name?

can't be bothered to look it up

cynic you don't know the name of your friend?

cynic perhaps you are confused the founder of Ryanair is Christy Ryan, the current CEO is Michael O' Leary, less bullshit please!

i care not who heads up Ryanair or even that they're Irish of some hue; it's their total lack of scruples and business ethics which i find so contemptible

LOL !!!!!! I suspect Cheau Mouton something or other kicked in there! No doubt better than that in flight plonk!!!

LOL LOL LOL LOL

nah! only Cloudy Bay Sauvignon tonight ..... Mouton and smoked haddock don't work well together

cheap flight to tenerife now then lads, anybody up for a christmas piss up?? on cynic of course...

BRITISH AIRWAYS AND IBERIA AGREE MOU FOR PROPOSED MERGER OF EQUALS

British Airways' and Iberia's boards have today agreed a binding memorandum of understanding (MoU) setting out the basis for a proposed merger of the two companies to create a new, leading European airline group that recognises the principle of parity at board and management level.

The new airline group would have 419 aircraft and fly to 205 destinations. In 2008, British Airways and Iberia carried 62 million passengers and, in their last financial years, their joint revenues are approximately 15 billion.

The airlines believe there is a compelling strategic rationale for the transaction, which is expected to generate annual synergies of approximately 400 million, and benefit both companies' shareholders, customers and employees. The new group will combine the two companies' leading positions in the UK and Spain and enhance their strong presence in the international longhaul markets, while retaining the individual brands and current operations of each airline.

The merger is expected to be completed in late 2010.

the piss or the drinks?
just sold 50% at 225 which will do very nicely

reckon friend halifax should volunteer for the stocks, though i am sure we would all treat him kindly

BA merger faces failure over 2.6bn pensions debt

Iberia, the Spanish airline, could still walk away from a merger deal with British Airways (BA) to create Europes largest airline if the British flag carrier is unable to agree a deal with its pension trustees over how to fund its massive 2.6 billion pension deficit.

I'm short from 225

i think it's a very brave short indeed, unless you are going to be happy with just 5/10p ..... i would be quite surprised if this pension problem was not resolved in some way as it is surely cannot be in the trustees interests to scupper the deal.

that does not mean that BAY is now a BUY either!