Company Watch - British Airways.Oct 9, 2006 British Airways British Airways in full British Airways PLC International passenger airline based in London. In 1936 British Airways Ltd. was founded through the merger of three smaller airlines. said its passenger load factor fell 0.8 points in September to 78.8 percent of capacity. The airline said its September passenger traffic rose 1.5 percent on a year ago. BA cancelled 1,280 flights in August after security at UK airports was tightened and stricter baggage rules introduced following a suspected plot to blow up airliners. The airline blamed the rules restricting the size of carry-on luggage for a decline in transfer traffic volumes, particularly in premium cabins, in September. The rules were eased late last month. Low-cost rival Ryanair earlier reported a 17 percent rise in passenger numbers for the month and a load factor of 86 percent of capacity. Oct 4, 2006 Increased Security Hits British Airways Traffic. British Airways lowered its full-year revenue forecast on Wednesday, blaming the impact of stricter baggage rules on traffic volumes, but said its fuel bill would be less than expected due to lower oil prices. Europe's third-largest airline said it expected revenue for the year to end-March 2007 to rise 5-6 percent, down from its previous growth forecast of 6-7 percent. BA also said the cost of fuel was now expected to be GBP GBP In currencies, this is the abbreviation for the British Pound. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 450 million pounds (USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $849 million) higher than last year, down from an earlier forecast of GBP550 million to GBP600 million (USD$1.04 billion - USD$1.13 billion). Oct 4, 2006 British Airways Pension Deficit Tops GBP2 Bln. British Airways said on Friday its pension deficit had more than doubled to GBP2.1 billion pounds (USD$3.9 billion), at the top end of its expectations, as it embarked on negotiations with staff to tackle the hefty heft·y adj. heft·i·er, heft·i·est 1. Of considerable weight; heavy. 2. Rugged and powerful. See Synonyms at heavy. 3. shortfall. Oct 2, 2006 British Airways said on Friday its pension deficit had more than doubled to GBP2.1 billion pounds (USD$3.93 billion), at the top end of its expectations. But it also said it was starting talks with staff to tackle the shortfall, fueling speculation that if it gets to grips with the deficit it might attract fresh bid interest. "BA's slots at Heathrow are worth around GBP2.5 billion (USD$4.68 billion) at current market value, and with a free cash flow yield of 8 percent, a bid in excess of GBP6 (USD$11.22) a share would not be unreasonable," they wrote. At least 51 percent of British Airways equity must be British-owned under the airline's ownership rules. Oct 2, 2006 British Airways Shares Rise On Bid Report. British Airways shares rose over 2 percent in early trade on Monday following a newspaper report that two Middle Eastern groups considered bidding for the airline earlier this year. Dubai's Emirates, the focus of speculation in June around a possible bid for BA, said it still had no intention of bidding for the airline. A BA spokeswoman declined to comment. A source familiar with the situation said they were not aware that Emirates had ever seriously considered a bid. The Times newspaper said on Saturday that two Middle Eastern groups looked at bidding for BA but were put off by the uncertainty over its pension obligations. Oct 2, 2006 Major news, the kind that saves you time and angst angst 1 n. A feeling of anxiety or apprehension often accompanied by depression. angst 2 abbr. angstrom . British Airways is launching a Registered Traveler The Registered Traveler Pilot Program is an airline passenger security assessment system that was tested in the United States air travel industry in 2005. It was used in several U.S. fast track at New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of JFK's terminal 7. Pay a fee, get cleared by TSA TSA See tax-sheltered annuity (TSA). , and move through security at a decent clip. Verified Identity Pass' "Clear" program is the conduit conduit /con·du·it/ (kon´doo-it) channel. ileal conduit the surgical anastomosis of the ureters to one end of a detached segment of ileum, the other end being used to form a stoma on the here. Interested? Punch up www.flyclear.com. Oct 2, 2006 Editor: Aram Gesar, eMail: edit@AirGuideOnline.com For more global news, reviews, features and analysis, please go to: http://www.airguideonline.com/onlinenews.htm To Subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com Oct 2, 2006 |
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