Anyone know why BAY is rising so strongly in spite of all the bad news regarding delayed flights, etc.?
All comments appreciated

Janethennison,If i may add my two penneth in,i agrre ,you should hold on to these,the price is depressed because of the investigation and some concern should BA buy IB,650pence in twelve months.Good luck.

In my opinion, BA has no credibility.

bay are one of the largest airlines in the world and they are not going to disapear.

Of course it is not going to disappear but it will not be doing well. Profit warnings may appear when passenger volume goes down.

Ba is historically making more money per pound than ever,let it get its current issues behind it and you will see the sp recover,i also still believe it remains a takeover target,do nnot be suprised if lufthansa do to B.A,what B.A.wanted to do with KLM.

B.A,will not let open skies pass it without it grabbing new oportunities,T5 will give BA huge cost savings,SP is oversold even though it may fall further i really do think it will be in the 600p range in the next 12 months.

BA is going Kamikaze now...SELL as price war has been announced by Ryanair and BA is certainly not able to compete with its fares...passenger numbers will be much lower this summer.

EasyJet May passenger numbers up 13.8 pct, sees FY pretax profit up 40-50 pct AFX

LONDON (Thomson Financial) - Low-cost airline easyJet PLC said it carried 13.8 pct more passengers in May than the same month last year adding that it remains on track to grow pretax profits this year by between 40 pct to 50 pct.

The Luton-based budget carrier said 3,345,465 people travelled on its services in May against 2,939,361 the year before.

However, easyJet said its load factor - how full its aircraft were - declined by 0.3 pct points to 83.6 pct.

And the airline expects total revenue per seat to fall by 5 pct to 10 pct in the second half. However it also anticipates a 5% cut unit costs, excluding fuel, over the same period.

In the 12 months to May, the group's passenger numbers climbed 11.1 pct to 35,237,323 and the load factor fell 0.2 pct points to 84.0 pct.

TFN.newsdesk@thomson.com

janetbennison,go to reuters,statment from mr walsh in Milan recently.HOLD

capetown the write up at reuters sounds very good, and hopefully the share price drop has now been well overdone. thankyou for pointing this statement out to me. Good luck from janet.

From The Sunday TimesMay 27, 2007

BA chiefs face extradition over price fixingDavid Leppard
AMERICAN government prosecutors are preparing for the extradition of four current or former British Airways executives accused of involvement in a price-fixing scandal.

Lawyers from the US Department of Justice have notified the mens lawyers that they will want to talk to them. The BA Four could face more than 20 years in jail if they are extradited and convicted in a US court.

A team from the department has visited Britain and other European countries to gather evidence for a possible prosecution. It has established a federal grand jury to consider whether charges should be brought.

The case is also being investigated by the Office of Fair Trading (OFT) in Britain.

In 2004 and 2005, both BA and Virgin imposed a series of almost identical fuel surcharges on London-New York flights. The price rises, which cumulatively added 70 to the price of a ticket, were in some cases announced by both airlines within days of each other.

At the time, BA said it was simply reacting to rises in the price of aircraft fuel. However, American investigators have obtained telephone records that allegedly show two BA executives talking to two Virgin executives at key moments in the run-up to the price rises.

This month BA admitted that it had breached competition laws. Willie Walsh, its chief executive, said nine days ago that the airline had set aside 350m to cover any legal case.

It had previously been thought that only two BA executives were involved in the inquiry. Martin George, BAs commercial director, and Iain Burns, its head of communications, were both given leave of absence when BA revealed the existence of the inquiry last June. They resigned last autumn.

It has now emerged that two other BA executives, who still work at the airline, are being investigated. American legal sources said one was a senior executive in the marketing department, the other a rising star on the commercial side.

The case of the BA Four is threatening to revive concerns about an extradition treaty that ministers signed with America in 2003. It has been criticised as one-sided because it allows America to obtain the extradition of British citizens without prima facie evidence. Far tougher rules apply if Britain seeks to extradite American citizens.

The alleged price-rigging emerged when Virgin decided to notify the OFT early last year. Under the 2002 Enterprise Act, a company that tips off the authorities about an alleged offence and provides evidence to support a prosecution can be granted immunity from prosecution.

The act allows for fines of up to 10% of a companys turnover. Individuals found guilty of price-fixing face up to five years in jail. The maximum sentence for price-rigging in America is life imprisonment.

JANET,HOPE U HELD ONTO YOUR SHARES,SEE THAT THEY HAVE BEEN UPGRADED TO INVESTMENT STATUS AFTER FOUR YEARS OF WAITING,DIVIDENDS COMING SOON I THINK.

I have still got my british airways shares, I am still sitting on a massive loss with them. Lets hope that now they have been upgraded that they will shoot back up to five pounds a share again. What do you think the chances of that happening are? and the very best of luck to all holding. take care all from janet.

Janet you are looking at 600p,in 9/12months.

lets hope so

i actually worked for BA for 18 years and left just over two years ago. I am positive BA are about to anounce a huge rise in its profits, it has virtualy cleared the debt of 5.5 billion to 900 million. The company has shed many of its liabilities including leased areas of land at heathrow and old hangars. The move to t5 will certainly make the airline more efficient in terms of on time departures and will make airine connections easier between long and shorthaul operations.The pension fund issues have been sorted. Many peole will not be awre of other issue that really affected BA's operation such as the introduction of a new engineering software programme EWS from SAP. The introduction of this programme caused massive disruption to the airline two years ago, but was however well covered up by the airline. The new EWS programme will also (now its bedded in) improve aircraft maintenance due to improved spares ordering.

janet,realx,YOU WILL SEE 600P

I am not so sure with the fuel price rising, I think BA will drop further and its ticket price are not competitive enough.

Janet,hope you feeling a little more confident with these.

These crooks should be put in jail for price fixing...always knew BA is not an honest airline.


From The Times - August 25, 2007

US refuses to protect BA executives over fixing of ticket prices - David Robertson

Four British Airways executives have been refused immunity under a plea agreement between the airline and the United States Department of Justice (DoJ) over fixing the price of tickets with rivals.

A further six former BA executives are also named in the agreement, which was released by the US District Court in Washington yesterday. On Thursday BA pleaded guilty to price-fixing charges and will pay a $300 million (149 million) penalty.

The individuals named in the plea are not protected by the agreement and the DoJ may begin an investigation into their roles in the conspiracy. This could lead to the department bringing separate criminal charges against them.

This week some of the executives sought an injunction to keep their names from appearing in the plea, arguing that it would imply that they were under investigation at present.

The most senior of the present BA management to appear in the plea agreement is Gareth Kirkwood, the director of operations, who was managing director of British Airways World Cargo. Mr Kirkwood is also a member of the airlines top executive management team.

The other incumbent executives named in the plea agreement are Ian Barrigan, the business development manager, Andrew Crawley, the head of UK and Ireland sales, and Anthony Nothman, the manager of international customer services.

BA admitted in court on Thursday that it had fixed the price of fuel surcharges with competitors. Between 2004 and February 2006 the airline discussed the level and timing of fuel surcharge increases with Virgin Atlantic, a rival. Fuel surcharges are supplements to the standard ticket price and were introduced to cover rising fuel costs.

British Airways SP 436p
Write up in last weeks shares magazine suggesting the company is UNDERVALUED at current prices,PE of 7.

B A copes will its turbulence,and suggests its a BUY.