Reply To: Do They Think It’s All Over? BA Shares Soar 25% in Past Month

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Well, not a bad year during 2009 for BAY.L

Opened at 111p on January 2 and closed at 187p on December 31.

A 68% rise in BA’s share price during 2009, one of the toughest ever for BA in particular and the travel industry in general, makes me a very contented investor!!

On top of the impressive share price increase, the airline has strong liquidity reserves of £2billion (£1.5bn in cash and the rest in agreed loan facilities) at end September 2009 and an additional £2 billion of committed aircraft facilities which will fund the acquisition of the new A380 and 787/777 fleet due from 2012 onwards.

– brand new subfleet of 777s and Embraers in place

– move to T5 and T3 completed at LHR

– new routes to Maldives, Sharm and Las Vegas launched

– innovative LCY-JFK service launched

– cabin crew working practices changed

– nearly 10% reduction in cost base achieved

Well done to Willie Walsh and his team.

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