BA announce 2nd quarter results/IAG half year - not good news
Jul 31, 2020, 1:03 am
#2
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Here’s the link to register for the webcast https://edge.media-server.com/mmc/p/mvts2y4u
Jul 31, 2020, 1:14 am
#4
Join Date: Nov 2016
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IAG second quarter passenger capacity operated was down 95.3%, traffic down 98.5%, seat factor down 56.8 percentage points to 28.2%, compared with a year ago. 508,000 passengers carried compared with 31.5 million a year ago (so down 98.4%)
Jul 31, 2020, 1:22 am
#5
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Very sober figures and reading there.
Jul 31, 2020, 1:45 am
#6
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Some more information here https://www.bbc.co.uk/news/business-53605691
Please can the unions and members finally stop trotting out the now blatantly incorrect line that BA is only suffering a temporary slowdown / BA is taking advantage of Covid to unnecessarily cut costs etc blah, blah, blah. Those loss figures and projections out to 2023 are truly mind boggling and very sad
Please can the unions and members finally stop trotting out the now blatantly incorrect line that BA is only suffering a temporary slowdown / BA is taking advantage of Covid to unnecessarily cut costs etc blah, blah, blah. Those loss figures and projections out to 2023 are truly mind boggling and very sad
Jul 31, 2020, 1:51 am
#7
Join Date: Jun 2009
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Some more information here https://www.bbc.co.uk/news/business-53605691
Please can the unions and members finally stop trotting out the now blatantly incorrect line that BA is only suffering a temporary slowdown / BA is taking advantage of Covid to unnecessarily cut costs etc blah, blah, blah. Those loss figures and projections out to 2023 are truly mind boggling and very sad
Please can the unions and members finally stop trotting out the now blatantly incorrect line that BA is only suffering a temporary slowdown / BA is taking advantage of Covid to unnecessarily cut costs etc blah, blah, blah. Those loss figures and projections out to 2023 are truly mind boggling and very sad
Jul 31, 2020, 1:56 am
#8
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... Sobering numbers.Equally shocking and unbelievable. I really hope that no employee wants their company to fail.
Jul 31, 2020, 2:03 am
#9
Join Date: Apr 2005
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Personally I think BA will get through this because they are quite agile and do appear smarter than some lame duck airlines that are constantly bailed out by their country, ie AZ. Certainly some tough times ahead for IAG/BA though, I cannot imagine having to make decisions in a company where business has collapsed by 95%. Really unprecedented times for the travel industry
Jul 31, 2020, 2:06 am
#11
Join Date: May 2014
Posts: 7,237
Some more information here https://www.bbc.co.uk/news/business-53605691
Please can the unions and members finally stop trotting out the now blatantly incorrect line that BA is only suffering a temporary slowdown / BA is taking advantage of Covid to unnecessarily cut costs etc blah, blah, blah. Those loss figures and projections out to 2023 are truly mind boggling and very sad
Please can the unions and members finally stop trotting out the now blatantly incorrect line that BA is only suffering a temporary slowdown / BA is taking advantage of Covid to unnecessarily cut costs etc blah, blah, blah. Those loss figures and projections out to 2023 are truly mind boggling and very sad
Jul 31, 2020, 2:31 am
#13
Join Date: Apr 2005
Location: UK
Programs: IC Hotels Spire, BA Gold
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I will take a look later, interested to see whether any new aircraft on order for delivery +12 months out are to be deferred. This will be quite a key statement I think, given some huge LH capacity has been taken out overnight with the 744 wfu.
Jul 31, 2020, 2:33 am
#14
Join Date: May 2014
Posts: 7,237
Also, interesting comment from Luis Gallego: by not being public, or having received public $$$, they're able to do acquisitions, pay dividends etc.
from slide 23:
53 Long Haul aircraft (15 A340-600s, 32 B747-400s, 4 A330-200s and 2 B777-200s)
Maintain plan to return 20 leased aircraft due to expire in 2020
Maintain plan to return 20 leased aircraft due to expire in 2020
Exiting 747 fleet through early retirements • Temporary grounding of 4 A380s and up to 6 777s • Exiting A318 fleet • Early retirement of 13 Airbus narrow bodies • Temporary grounding of up to 18 narrow body aircraft
Last edited by 13901; Jul 31, 2020 at 2:39 am