Page 1 of 1
BA profits plummet 90%
Posted:
07 Nov 2008, 08:28by Darren Wheeler
Half-yearly pre-tax profits down to 52m
BBC linkProof, it needed, that the airline industry is struggling.
Posted:
07 Nov 2008, 08:46by preiffer
BA said that its fuel costs were 52% higher than a year ago, although it said it was well placed to benefit from the current fall in fuel prices.
However, it added that hedging and a weaker pound would offset lower prices to some extent.
In other words, they hedged WRONG. They hedged too high, and it's now about to bite them in the a***....
Ahem... Ha ha ha ha ha ha ha haaaaaaaa! ha ha ha. FIRST class cock-up. (that one especially capitalised for CERTAIN members on the forum [ii] )
Posted:
07 Nov 2008, 09:43by Scrooge
Yet again, nobody listens to me, there is a post somewhere on here where I said to short oil once it reached $135, but no, know body listens to Uncle Scrooge...probably for a good reason though [:w]
Posted:
07 Nov 2008, 10:18by mitchja
Doesn't look like their
Openskies subsidiary is doing very well either.
Regards
Posted:
07 Nov 2008, 10:36by barnstaple
Ahh bless, couldn't happen to a more deserving airline (can you guess I am not a BA fan?! Can you? Can you?!!!).
Still, 50million odd profit doesn't seem too bad!
Posted:
07 Nov 2008, 13:39by RichardMannion
Mmm, well the stock has recovered all the loss it made yesterday. So I'm guessing there was an expectation for them to do worse.
Posted:
09 Nov 2008, 11:02by jfenney
Originally posted by barnstaple
Still, 50million odd profit doesn't seem too bad!
Fully agree a Profit is a profit at the end of the day and especially in these lean times. Time the shareholders had a reality check.
Jurgen and Sue