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

Found some news for u, capetown...

Shares in British Airways are down nearly 10 percent as investors fret over the twin threats of a fall in business class passengers caused by the financial crisis and a 1.5 billion pound pension deficit, analysts say.

'The shares may be affected by the financial meltdown -- around 50 percent of BA's corporate contracts are related to financial services, accountancy and law,' says Royal Bank of Scotland analyst Andrew Lobbenberg, although BA would not comment on its exposure to particular sectors.

BA said earlier its pension deficit at the end of March was 1.5 billion pounds ($2.74 billion), a snap-shot a spokesman says reflects 'weakness in the markets, the poor performance of equities and high interest rates'.

And shares in BA are up today,i wonder why.

Up??? Has not move.

No worries it WILL.

Oil price is pushing up again which would be bad news for BA.

Whats happening to BA now 200p.

This is in danger of falling to 100p.

WHEN DO I BUY.

When it goes to 120p

120p would be great.

170p is a new low...and I'm sure BA will go even lower. I agree 120p very possible

Amazing was 250p last month and 169p now.

Would not surprise me to lose another 20%.

People are tightening their belt and not going for holidays. Furthermore, BA fares are not competitive enough. So I think it will plummet in this economic weather.

Well its taken 6 months from April when I started this thread but the chart is now negative and BAY will continue to fall as the economy falters I will buy around 120p.

Yes, between 100p - 120p. It is 164p now

Perhaps the latest revenues published 40 mins ago are so bad the only way is up from here..!

Mitzy and hyleo, you guys are right from several months ago, IMO BA should go down to 120p next week.



British Airways warns of risks ahead
MoneyAM


British Airways said this afternoon that some risk now surrounds its full-year revenue forecasts as demand for long-haul premium traffic had worsened amid the global economic downturn. The carrier said its load factor slipped to 74% in the period.

The carrier said in a statement that long-haul premium traffic which includes the key London-New York corporate routes, had softened since the summer and that forward bookings had been hit by the downturn.

'Forward bookings are being affected by the increased anxiety in financial markets and by the uncertain economic outlook,' the company said in a statement.

'Revenue forecasts for the year carry some risk, although current good yields and the stronger dollar are broadly offsetting the volume impact,' it added.

BA said its target for the year to March 2009 was still to break even at the operating level.

The group said passenger traffic for September fell 4.8% year-on-year, including an 8.6% fall in premium flyers.

That delivered a load factor, a measure of how well it fills its planes, down 4.3 percentage points at 74%.

A profit warning if ever I saw one.

Its going to be a long hard winter.

120P SOON

Judging from the chart 99p soon.