BA profits plummet 90%

[Darren Wheeler]

Half-yearly pre-tax profits down to 52m

BBC link

Proof, it needed, that the airline industry is struggling.

[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] )

[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]

[mitchja]

Doesn't look like their Openskies subsidiary is doing very well either.

Regards

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!

[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.

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