Brexit - Potential impacts on BA?
Jun 24, 2016, 3:19 am
#91
FlyerTalk Evangelist
Join Date: Mar 2008
Location: Netherlands
Programs: KL Platinum; A3 Gold
Posts: 28,680
Seriously, though - can the UK simply fall back on whatever old, possibly expired, air service agreements it had prior to gradually replacing some of those with EU-level agreements?
IAG's bases in Dublin and Madrid may suddenly become a lot busier in the immediate aftermath of the UK's eventual exit from the EU!!!
Jun 24, 2016, 3:21 am
#92
Join Date: Oct 2004
Location: New York
Programs: BA, LH, VS, Hyatt, SPG
Posts: 3,813
Jun 24, 2016, 3:29 am
#93
Join Date: Jul 2009
Programs: BAEC Silver, IHG Diamond
Posts: 7,731
Not enough DUB-HNL bargains about which explains why last year was more profitable
Jun 24, 2016, 3:33 am
#94
Join Date: Aug 2010
Location: Gloucestershire
Programs: BA Gold (ex-GGL, maybe future Silver), Hilton Diamond
Posts: 6,197
(E.g., compare ex-MAD or ex-DUS to ex-LHR non-stops).
For FTers doing ex-EUs... while they may get more difficult, they may also get less lucrative as currency pressure pushes the sterling price of ex-EU up, while lower demand reduces the price of ex-LON.
Jun 24, 2016, 3:33 am
#95
FlyerTalk Evangelist
Join Date: Aug 2002
Location: London
Programs: Mucci. Nothing else matters.
Posts: 38,644
That's not saying "we don't think our profits will increase this year".
Jun 24, 2016, 3:50 am
#96
Join Date: Mar 2011
Location: Tyrone,EU
Programs: Avios Hunter
Posts: 2,811
Jun 24, 2016, 3:53 am
#97
FlyerTalk Evangelist
Join Date: Aug 2007
Location: UK
Posts: 10,709
http://www.telegraph.co.uk/news/2016...ng-david-came/
Included in here is the statement about the LHR expansion. They are suggesting July 7.
Jun 24, 2016, 3:53 am
#98
FlyerTalk Evangelist
Join Date: Feb 1999
Location: Seat 1A, Juice pretty much everywhere, Mucci des Coins Exotiques
Posts: 34,339
BA should not have a business class sale. All those seats should be well sold for the next two years with lawyers and the like shuttling back and forth to redo contracts and such. Should be good business for the Eurostar too.
Jun 24, 2016, 3:55 am
#99
FlyerTalk Evangelist
Join Date: Mar 2008
Location: Netherlands
Programs: KL Platinum; A3 Gold
Posts: 28,680
The supposed Ł350 million a week in savings will probably get drastically eaten up by any downturn in the economy; and it's all been earmarked for the NHS anyway, not for vanity-driven estuary-dwelling-bird-killing projects!!
Jun 24, 2016, 4:01 am
#100
FlyerTalk Evangelist
Join Date: Mar 2013
Location: London
Posts: 17,007
I'm not sure there will be any money for building it!
The supposed Ł350 million a week in savings will probably get drastically eaten up by any downturn in the economy; and it's all been earmarked for the NHS anyway, not for vanity-driven estuary-dwelling-bird-killing projects!!
The supposed Ł350 million a week in savings will probably get drastically eaten up by any downturn in the economy; and it's all been earmarked for the NHS anyway, not for vanity-driven estuary-dwelling-bird-killing projects!!
Perhaps instead buying back gilts he could use his newly printed cash to invest in infrastructure projects.
Last edited by Calchas; Jun 24, 2016 at 5:24 am
Jun 24, 2016, 4:06 am
#101
Join Date: Dec 2010
Location: London
Programs: BA Silver, Marriott Platinum, IHG Platinum
Posts: 567
There is a lot of hype in the media about the fall of the pound versus the dollar this morning but the fact is that it is currently trading at about the same exchange rate as the end of February 2016. I don't recall mass hysteria four months ago that we would not be able to go on holiday or buy foreign goods any more.
Having said that, I believe the pound will take a while to recover and it may drop further over the next few days and weeks. That will hurt BA and it will hurt all of us.
Will it hurt BA in the longer term? Far too early to call in my opinion.
Having said that, I believe the pound will take a while to recover and it may drop further over the next few days and weeks. That will hurt BA and it will hurt all of us.
Will it hurt BA in the longer term? Far too early to call in my opinion.
Jun 24, 2016, 4:09 am
#102
Join Date: Nov 2010
Location: Bristol
Programs: BA GGL, UA Plat, DL Plat, Hilton Diamond
Posts: 2,380
Jun 24, 2016, 4:13 am
#103
Join Date: Aug 2010
Location: Gloucestershire
Programs: BA Gold (ex-GGL, maybe future Silver), Hilton Diamond
Posts: 6,197
The problem is, this is a one-day shock as markets had started to price in a remain vote over the last few days, so not that unexpected. $1.39 could be a dead cat bounce, or it could be the start, rather than the end, of a long decline (as February was). It could of course be a temporary phenomenon with oil at $50 and sterling at $1.60 at the end of the year (although there is a pretty strong inverse correlation between sterling and oil prices when denominated in USD).
My personal feeling was that I expected it to go lower, more suddenly, so I'm feeling slightly relieved, being in the US right now.
My personal feeling was that I expected it to go lower, more suddenly, so I'm feeling slightly relieved, being in the US right now.
Jun 24, 2016, 4:24 am
#104
Join Date: Dec 2009
Location: Flatland
Programs: AA Lifetime Gold 1MM, BA Gold, UA Peon
Posts: 6,105
If the UK leaves the existing EU-based traffic agreements and has to negotiate its own, it will have to offer a good deal for the other country, so traffic from their airlines too - and that would need more capacity to LHR.
So if the newly-independent, non-aligned UK government wished to have a large successful airline and related industry, and a successful BA, it would need to make more traffic capacity at LHR by building a third runway (and reducing APD).
I doubt that sort of joined up thinking would happen, unfortunately.
So if the newly-independent, non-aligned UK government wished to have a large successful airline and related industry, and a successful BA, it would need to make more traffic capacity at LHR by building a third runway (and reducing APD).
I doubt that sort of joined up thinking would happen, unfortunately.
Jun 24, 2016, 4:29 am
#105
Join Date: Sep 2007
Programs: AA, BA, Accor, Honors Diamond, IHG Diamond Elite and lots more....
Posts: 2,965
If being the operative word.
I see another vote is already being petitioned for - https://petition.parliament.uk/petitions/131215/
I see another vote is already being petitioned for - https://petition.parliament.uk/petitions/131215/
