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

Broker comment:
We still have over a week before the event, but British Airways are to have an indexing upweight in the FTSE100, post the merger with Iberia, when they become Intl Consolidated Airlines (IAG).

Timetable of events:
Friday 21st Jan 2011 - Brit Airways & Iberia suspended from trading for entire day.

Monday 24th Jan 2011 (mkt open) - Brit Airways will be replaced by IAG on a 1 for 1 basis in the FTSE100.

Monday 24th Jan 2011 (mkt close) - IAG's weighting will increase to reflect the new shs. BA's weighting within the all share rises to 29bp's from 17bp's. We think this equates to between 50mln & 70mln shs to be purchased in and around the event.