Andriyko

All you seem to do is try to find a reason to explain why BA does as well as it does and to explain why passengers continue to choose it despite your personal belief that they should not. You have your own, very strong ideas, of what an airline should be, but it seems that the majority of people simply do not share them. 'Happy' means different things to different people I guess.

pauldb

The 21.5% is the adjusted operating margin (adjusted by treating business transformation costs as exceptional).

ahmetdouas

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simons1

But it was you who said we need to look long term. I have given you the long term (5 year) growth.

Sorry it's inconvenient for you....

ahmetdouas

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simons1

I am sure armed with your YouTube analysis shareholders will vote WW and AC out at the next AGM.

Stay close to your phone.

dodgeflyer

You need to look at relativety. Share price alone means nothing. It is the same asinine point people make when talking about actual profits.

IAG has had a permium valuation for a while now as measured by most metrics. AFKLM has been the worst. In the same period, over 5 years AF has performed less well than IAG (on both relative and growth metrics), whilst in the last year AF has performed well. Thus when coming off an all time low share price, growth will seem larger as in AFKLM. And there is a limit to have much higher IAG profits can actually grow without growing the top line (in actual terms), AFKLM has a lot more opportunity to cut fat. Thus higher profits, thus happier shareholders. And in most sectors top performers can only be so much higher than the average, but of course outliers exists. I’d argue in a capital intensive industry that will usually not be the case.

Dan72

Thank you. I can see how it could read and perhaps I should have said 'clearly complimentary catering is important to you...', but the poster I was replying to did use the term 'free stuff' and it seemed appropriate to use the term they offered.

It annoys me too when people are unnecessarily rude, but I always wonder if these things are best left to the mods. They do a good job and I find it's difficult to intervene without escalating the tone or without coming across as high-handed or pompous.

HIDDY

Akbar Baker? There's more chance of the winner of The Great British Bake Off being BA's next CEO.

Dan72

Well I think that's what we're discussing. As you know, I think BoB is here to stay in some form. I think it's the inevitable direction Y travel in Europe is going. There is a similar list of EU airlines that have already made the jump to BoB in some form: SK, AY, BA, EI, IB, although BA is the biggest legacy player to have made the jump.

Some of the airlines you cite have cut complimentary catering in other ways. LH made a significant cut by shifting non-FRA/MUC hub flying to EW. AF are replacing full onboard service on a number of routes that will shift to Joon; as I said if that works well, I can see AF trialling the service model more widely.

fransknorge

And i don't think AF will do this. For a first they clearly claim Joon is an airline dedicated to a segment of the market, created on purpose to differentiate mainline AF for that segment. Not to replace it. The fact Joon replaces AF on 4 services may not be consequential.
Then AF is just out of a phase where they enhance (positivelly) their on-board catering following years of cost cutting leading to poor financial performances. I do not see them suddenly turning 180 degrees.