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The group’s half year results (29 July 2011) saw the good start from the newly formed airline continuing. Wealthy and business customers again played their part, while management has been busy concentrating on cost synergies and removing controllable non-fuel related expenses. Total group revenue rose by 17.9pc to £7.77 billion, with an operating profit of €190m recorded, before exceptional items, compared to an operating loss of €71m in 2010. Comparatives also proved helped, with last year’s figures impacted by disruptions. Non-fuel unit costs declined by 5.8pc in Q2, but fuel remained a significant issue with costs up 32.0pc. Nonetheless, management remained optimistic, forecasting significant growth in operating profit this year, with improvements in both its unit revenue and unit cost performance versus 2010. Negative Points: Fuel costs for the half year rose by 34.8pc to €2.43 billion (2010: €1.81 billion). The airline industry remains extremely competitive and unpredictable. Despite progress for its long haul operations, the half year results again saw management underlining the highly competitive nature of its short haul business, with low cost airlines competing heavily - easyJet is now courting business passengers. The air travel business remains extremely cyclical. Business travellers form an important profit driver for the former BA business. BA and rivals have been critical of air passenger duty taxes, claiming that it puts aviation’s social and economic benefits at risk. A staff pension scheme deficit at the former British Airways has provided some investor concern. With a strong focus remaining on group costs, management have come into conflict with staff. Positive Points: The half year results broadly exceeded analyst expectations. The group’s long haul business continues to progress. The bounce back in the financial sector and industry in general looks to have aided the premium sector. The growing disparity between middle income earners and higher earners may also have assisted. Following the merger of BA and Iberia, management is looking to reap significant cost synergies going forward. Furthermore, management hopes that the merger will allow it to catch Lufthansa Franco-Dutch airline Air France-KLM, which have reaped merger and acquisition synergies. A hedging policy in relation to fuel costs is conducted by the company. Growing disposable income in the Emerging Markets could underwrite a broader increase in tourism and travel. With Spanish roots, Iberia is currently a strong player in Latin America. The London 2012 Olympics could provide a short term boost to activity. Consensus: On balance, market consensus indicates a buy.
They have just taken some more tough actions down in the south west.but will make them stronger going forward . well run outfit .
i know someone who has just completed the assesment process for BA's future talent recruitment process.they were given a presentation on what they were applying for, the way forward for BA,new fleets,new routes,new attitude, new people.if half of what they say actually happens,should be an interesting year for the share price.
Factory in devon being closed down,most of the workforce going in may,the rest before end of the year.
This stock listed today as having an increase of shares on loan.Shorting attack soon? PartyGaming – 12.47% of market cap on loan in October, up from 9.73% in September and 9.19% in August.
They say talking to yourself is the first sign of madness.
Was 3rd july.
Evolution Securities have today reiterated their BUY recomendation with a new target price of £6.30, up from their previous target of £4.20 on the 13th May.
just pushed back up to $127a barrel.May be the nudge we need to get through the 350 mark and stay there.
Fed bank have stated no more interest cuts.That means dollar will strengthen and oil wont be the bargain it has been.will start to drop,but will take as long to get back to normal as it took to get to present levels.good news for transports,especially B.A,Easyjet and stagecoach.good luck and as always DYOR..
got out today,off to barbados next week for a fortnight,flying Virgin.but paid for by BA!!.May have look when i get back, still think theres a bit more in this. oil coming down, T5 coming online,talks with other carriers,Maybe we will get rid of Willie, etc etc...good luck all.
Airliner British Airways said it is "exploring opportunities for co-operation" with American Airlines and Continental Airlines. The group made the brief statement late Wednesday adding that further details will be announced when appropriate. At the start of week, Continental said it was considering alternatives to its membership of the SkyTeam alliance, which also includes Delta, Northwest and Air-France-KLM. Continental also said that it would not pursue a merger after rumours suggested it was in talks with UAL, parent company of United Airlines.
got in on these and stagecoach early last week.was going to get out today,but i think i will stay in a while.i think transports are in for a bit of a rally.Despite everything, figures are saying more people than ever are travelling.
dont worry folks smiler123 is back or INTRODUCER as she is known now, on iii so it should start moving now.Could go all the way,just like DNK.LOL.
sold at 4p and shifted to QTI.Bye everyone.
Danka Sets Third Quarter Financial Results Release Date and Conference Call Danka Business Systems PLC (OTCBB: DANKY) will release its third quarter results prior to market open on Tuesday, February 5, 2008 and then host a conference call at 10:00 a.m. ET that day with A.D. Frazier, Chairman and Chief Executive Officer, and Edward K. Quibell, Chief Financial Officer.
I Still maintain this is all down to A.D Frazier's ability to bring costs under control.This company no matter what the share price Turns over $400 million dollars a year,and losing around $39 million.Losses on that turnover are down to loss of control on costs,hence Frazier, that's what he has done in the past That's why DNK hired him. If he controls the costs, he will bring a profit in on that turnover,if not he will move on.The main thing is though the Turnover is there,add the control to the Equation,thats what will decide where this share goes.
Everyone here i think you will agree loves the concept.My only concern is that Thames are installing leakfrog in a house,monitoring results and then moving the same device onto another house,and so on.One device having a lifespan of several years.That will surely impact the volume that will be bought.We need some positive news on sales of this device fairly soon to build on the rises of the last few days.
looks as though MM's have pushed the spread out to discourage day traders.May have a bit to go yet before bottoming out.
day trade buys on this stock.could see it go sub 2.50 tomorrow.