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".

Lots of coverage today and all week on the mothballing of the Concorde .... it's all good PR and the value may well offset the costs incurred :-))


this is not un typical


Nostalgia Abounds as the Concorde's End Is Set
By ALAN COWELL NY Times


ONDON, April 10 After 27 years of supersonic travel lofting rock stars, executives and the rest of the Champagne set across the Atlantic, British Airways and Air France said today that they would retire their fleets of Concordes this year.

The announcement brings the end of an era when the delta-winged jet stood for the ascendancy of technology and economic hope. Today, hard-nosed executives vied for the lyrical edge in mourning its demise.

"Concorde changed the way people traveled," said Rod Eddington, British Airways' chief executive. "With its going, we must lose some of the romance from aviation."

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Air France's chairman, Jean-Cyril Spinetta, said: "Never has such a beautiful object been designed and built by man. This aircraft is not going to stop, because it continues to live on in the human imagination."

Richard Branson, chairman of Virgin Atlantic Airways, who has a history of tweaking British Airways, raised the possibility today that Virgin would take over its rival's castoffs. Since the announcement, "we have been flooded with calls from the public, including B.A. staff, asking us to see if we can keep Concorde flying," he said. "This might come to nothing, but I believe that every effort should be made to keep Concorde flying, as it is such an important symbol of British innovation."

If that unlikely effort fails, though, the Concorde is dead.

The airlines ascribed their decision to falling passenger demand and steadily increasing costs of maintaining the fleet. But in recent years, Concorde's status has been battered, first by safety fears after a crash outside Paris in 2000 that killed 113 people and then by the broader slowdown in air travel since the Sept. 11 attacks.

Successive years of war in Afghanistan and Iraq, moreover, have further dented the mood of business confidence that once made Concorde an emblem of worldly success.

Airlines across Europe and the United States have been reporting steady declines in passenger numbers, especially on long-haul flights to and from America. In recent months, Air France's Concordes have regularly flown with 80 of the 100 seats empty, the airline said.

Sara John, a spokeswoman for British Airways, said the withdrawal of Concorde would be "permanent as of October this year" but did not say when the last flight would take off. British Airways said it would sell 1,000 discounted tickets costing up to $6,200 for round-trip Concorde flights until the end of August less than half of the top price of $13,500 that a round-trip ticket normally costs. Air France set May 31 as the date for its last scheduled Concorde flight.

With global economies slowing and stock markets falling, Concorde has come to stand as an emblem of high-rolling luxury at a time when many people are experiencing layoffs and declining fortunes. That, too, has inhibited the high-rolling business set.

"If you're laying people off and telling people in your business to tighten your belt, senior executives then find it inconsistent to go to the airport and get on Concorde rather than subsonic aircraft," Mr. Eddington of British Airways said.

But many who flew on it were nostalgic, recalling its particular blend of spartan seating, delicate canap, noisy take-offs and ineffable speed.

"It was the best travel experience anyone could ever have," said Tyler Br founder of Wallpaper, a style magazine. "It gave you the ultimate luxury, which is time."

"It's not the most comfortable flight," he said, "but it was the most incredible feeling. You felt as though you were hurtling through the air in a missile."

British Airways and Air France insisted that the retirement of the planes was not related to the crash on July 25, 2000, when an Air France Concorde burst into flames on take-off and crashed close to Charles de Gaulle Airport in Paris. After the disaster, the plane was grounded in Britain and France while safety modifications were made. Supersonic flights were reintroduced in November 2001.

"We have complete safety at Concorde, complete confidence in its ability to fly safely," Mr. Eddington said. "This is the end of a fantastic era in world aviation, but bringing forward Concorde's retirement is a prudent business decision at a time when we are having to make difficult decisions right across the airline."

Air France said: "This decision is motivated by deteriorating economic results observed over the past months and which accelerated since the beginning of the year."

Concorde has been flying in commercial service since January 1976. Its first test flight took place in 1969.

How long before the a takeover of BA? A matter of time and my guess is sooner rather than later. I for one would love to get my hands on this business. The blundering antics of public school boy management are now so well documented that even their own peers must be cringing.

We need some ability and vision at the helm. I think the stock can only head south. Once you remove SARS and IRAQ the excuses will be much harder to find.

P.S. The squelching works wonders!!

I see that BA has ruled out selling its 300m stake in Australian airline Qantas as chief executive Rod Eddington is believed to view it as a core asset.

tpaulbeaumont - 11 Apr'03 - 09:31 - 108 of 108 edit






ainsoph - 09 Apr'03 - 21:24 - 107 of 107




ainsoph - 13 Mar'03 - 15:18 - 34 of 106 edit


Ok, I admit it I'm a lying tit who has been allowed a PC in my cell so I thought I'd try a nd lose you 'freebies' some of your hard earned dough, cos I'm a shit

Ainsoph, have you ever even been out of Dorset?

LOL

Guys,

can we all move away from the personal stuff please?

Ian

Dorset`s very nice, only a county away from me.

I thought you were Worcestershire shag?

ex- Worcester but only by marriage at the time

snap,
I hope you are not being too personal!

lol

trying not to be shag
roflmao

:-)

lol

Anyone who bought around 90p is doing nicely :-)) - currently 120p up 2.5% intraday




Airlines seek aid in killer flu battle
Jake Lloyd-Smith, Evening Standard
15 April 2003

SIA'S airlines have joined forces to plead for government assistance to help them to survive the impact of the killer flu Sars and war in Iraq. The companies urged State-owned airports to cut fees across the board as they struggled to cope with a collapse in passenger demand.




The airlines also pressed for a rethink on the industry levies used to raise funds for security screening, and said planemakers should 'take a realistic look at prices'.


The 17-member Association of Asia-Pacific Airlines, which includes Australia's Qantas, Singapore Airlines, and Hong Kong's Cathay Pacific Airways, said: ' Airports and air-traffic management services must reduce charges, rents and other burdens which they impose on airlines regardless of the fluctuations in the market.'


Meanwhile, the use of private business jets has soared, according to leading aircraft timeshare operator NetJets. The company, which is owned by investment guru Warren Buffett's company Berkshire Hathaway, said use of its fleet of executive aircraft had increased by 27% over the past two weeks because of the war and the Asian flu.



2003 Associated Newspapers Ltd.

Guess who bought at 90p :-----------------------------------------------))

Guess who sold at 91p :------------------------------------------------))

guess who shorted at 90p and talked of sub 60p ..... roflol


must start spending some of my profits soon

LOL - well i didnt Ains, still think they're in dire straits but i certainly didnt short @90p. I only trade overnight at most and i usually scalp within minutes preferably so the long term trend is meaningless, altghough if a position is looking equally as strong in said direction when I would usually close, I'll leave it klonger, you know Ains, run the winners and all that, actually must of been a while since you had the chance right!!!

As for spending some of your profits....Why dont you fly on your fav airline, may i suggest Syria, Jakarta, Bukino Faso is nice this time of year i hear, as is Johannesburg, the locals are delightful and a stright up guy like yourself would be welcomed with open arms, oh whoops, i actually thought i was talking to a human being, complete with feelings and values/morals, not AINSOPH, the undisputed, WORST equity trader known to date..-In a movie trailer voice-over

'He suffered greater losses than BCCI, lied more than Enron officals and lost more of the general publics money than the South Sea Co. Bubble.... It's Ainsoph'!!!

'Welcome to a thread where nightmares are reality'!

"BT will never go sub $8"....LOL!

You are a clown and I thought the moderator had asked you to moderate your language

No prblem with 'french'/colourful language Ains or was it the reminder of losses that made you grimace!?

just creeping in to the top ten '250' riser board at plus 4% or so ..... 122p ;-))