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

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!

now completely out ..... a useful profit overall, so no complaints

BA cabin crew begin vote on Christmas strike

British Airways' (BA) cabin crew will today begin a vote to decide whether to strike over Christmas as new working practices come into force.

The ballot closes on December 14 and, if staff vote in favour of industrial action, the first strike could start a week later on December 21, affecting vital Christmas traffic.

the strike will be but a short term nuisance even if it goes ahead.
technically more important would be if the pension fund blocked the merger deal, but there is no chance they will do it - it would be turkeys voting for christmas

with luck, the ballot will recommend strike action which should result in sp being whacked, and at that point i'll probably buy again

Just closed half my short @209 for +16.

quite right too, as i think it was pretty dangerous position ...... if sp comes back to 200 or a bit lower, i shall probably buy back in

CORRECT:Virgin:Requiring BA To Give Up Heathrow Slots Not Enough





("Virgin Atlantic: BA's Surrender Of Heathrow Slots Not Enough," published at 1237 GMT, incorrectly suggested that BA had offered to surrender takeoff and landing slots at London's Heathrow Airport. The correct version follows:)

LONDON -(Dow Jones)- Virgin Atlantic Wednesday called on the European Commission and U.S. Department of Transportation to reject British Airways PLC's (BAY.LN) planned transatlantic alliance with AMR Corp.'s (AMR) American Airlines, saying any calls for BA to surrender slots at London's Heathrow Airport won't be enough to guarantee competition.

British Airways and American Airlines last year applied for antitrust immunity that would allow the two carriers to work more closely on scheduling and setting fares.

"Slot remedies alone could not reinstate an effective level of competition nor address the substantial negative effects which would arise from the proposed alliance," long-haul carrier Virgin Atlantic said in a submission opposing the immunity application. Requiring BA to relinquish takeoff and land slots is a measure that the commission could seek.

"We urge the European Commission to recognize that even extensive slot remedies on their own would not make this a suitable case for an individual exemption," it added.

I've just closed the rest of my "dangerous position" @205 +20 lol.