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

nearly there!

i shorted today.
looks like a bear market rally may be over. could be wrong so my stop loss is now at cost. if i cant make a profit i sure dont want to make a loss.
regards
jkd

Good on you,well done for calling it right.

c
thanks, but she aint sung yet, lets wait and see.
regards
jkd

j
i am in for the longterm on this one and keep topping up as and when,
Not brave enough to short,the swings on BAY sp are good opportunities for both.

c
nice to talk to you. i also am in for the long term on this one. i have sold the march contract and will at some stage sell into june /sept and so on. that is assuming price continues to fall. it is an investment for me also in a bear market.
in a bull market i will do the reverse.
knowing when to change stance is not easy. sometimes it is good to stand aside.
good luck to you.
regards
jkd

jkd,likewise!

i am twitching to bank a nice profit here. resisted in taking it today.
instead i have placed a tight stop loss to buy back half of my holding at a nice profit. will continue to run the other half with stop loss at cost and maybe reinstate a further short at some stage on a possible rally.
regards
jkd

jkd,
Quite a dramatic fall to say the least,and well done,just seen on airwise.com website that an agreement with BA/IB may soon be announced,55/45 split,if this is true there may be a shortlived spike in the SP,check it out!.
cpt.

Looks a buy to me.

c
thanks, im now out of half of my position at a nice profit. i havn't checked out the website as i dont want to be influenced.i would expect a rally from this level but i could be wrong, it may turn into more than just a rally and keep going up, or it might not, it might just keep going down. i dont know so just going to sit tight for the time being.
good luck to both you and m
regards
jkd

Interim management statement

c
this is page 5. i have to confess i didnt do my homework on this thread before originally posting. i didnt read pages 1-4. maybe i should have done,maybe not, i dont like to be influenced. i hope you are not able to be either, lets stick to our guns. you are bullish, i am bearish, but i could be wrong. i am always happy to change my mind. the market will decide this for me by hitting my stop loss.
i hope you wont let me or anyone else influence you. let the market decide.
ps
i'm still bearish until my stop loss proves me wrong.
good luck to you
regards
jkd

jkd,
Longterm am very bullish on this stock,seems that the market recieved the dreadfull quartely results by marking them up slightly.
I do belive that if the merger falls through with Iberia we will see further lows,and there is bound to be strife internally as more cuts are being sought .

I continue to add as and when funds permitt,BA will survive.,having said that i became a buyer of BA after sept 11th and wish i had sold the lot @400p and got back in now.
good luck JKD.

c
this is now starting to look bullish to me, so i have now reinstated my short, with a tight stop loss. have meddled. looking now at break even on both shorts if possible,could be wrong.
regards and good luck to you.
jkd

ive been stopped out of both my shorts today. one at small loss the other at a small profit.
good luck and regards
jkd

jkd
Bad luck with your short,see the sp has risen well in percentage terms,it will fall like a stone if the IB merger fails,i pray this will not be the case.

thanks c
good luck with your holding i hope all goes well.
regards
jkd

Here's a snippet from the Blue Index blog

British Airways Weakness
April 27th, 2009

The prospect of falling victim to a further mutation of Avian Flu, namely Swine Flu sounds horrifc and conjurs up all sorts of nightmare imagery

However you feel about potentially profiting from this sort of crisis, British Airways (BAY) is potenially looking weak after negative press and pundit commentary over air travel. Blue Oar Securities Mark Brumby says, Without scare-mongering, it is worth pointing out the current outbreak of swine flu, which is centered on Mexico but which has spread to the US, is unlikely to do much to encourage travel. He adds In recent years the SARS and avian flu scares have depressed travel volumes materially. British Airways operates four flights a week to Mexico City, said this morning it is operating as normal.

Full article here
http://blog.blueindex.co.uk/2009/04/british-airways-weakness/

British Airways dives into the red
Business Financial Newswire

Flag carrier British Airways reported an operating loss of 220m, including restructuring costs of 78m, for the year to March.

The pretax loss was 401m, compared to a profit of 922m in the previous year, with fuel costs rising to nearly 3bn.

Revenue rose to 8.992bn (8.758bn - 2008) in the period.

Full year revenue was up 2.7% to just under 9bn (including 109m arising from a change in estimation basis for unused tickets). Excluding year on year exchange effects, underlying revenue was down 3.7%.

Passenger revenue rose 3.1% to 7.8bn, on capacity down 0.7%. Seat factor was down 2.1 points to 77%.

Yields, however, rose 6.7% as a result of currency impacts. At constant exchange, passenger yields were broadly flat.

The economic downturn led to a significant fall in global demand for premium travel, with IATA premium traffic down around 14% in the second half of the year. Premium traffic volume, which started to see some weakness back in August, has steadily declined in the second half in response to the economic slowdown.

Total traffic, measured in revenue passenger kilometres, was down 3.4%. Total passengers carried fell by 4.3% to 33.1 million.

British Airways' CEO, Willie Walsh, said: 'Reduced passenger and cargo demand and high fuel prices last summer contributed to our 220m operating loss as our total fuel bill reached almost 3bn. The prolonged nature of the global downturn makes this the harshest trading environment we have ever faced and, with no immediate improvement visible, market conditions remain challenging. It is vital, therefore, that we remain absolutely committed to our plans to establish British Airways as a high-performing, market-focused, global premium airline.

'We are taking action to mitigate the impact of the economic crisis on our business. Next winter we will continue to reduce capacity by taking out 4% of flying compared to last year, parking up to 16 aircraft.

'We are taking action on non-fuel costs too. In addition to reducing external spend and not paying management bonuses, there are no base pay increases planned and we are offering staff the option of unpaid leave and temporary or permanent part time working. We are also in talks with our trade unions about pay and productivity changes. The results for the year include 78m of redundancy related costs. Since last summer, our overall manpower has fallen by more than 2,500.'