1st August 2014 at 08:41 #531056
Anonymous1st August 2014 at 08:41 #531057
Announced to markets today.
Share price up 4% today so far.1st August 2014 at 08:54 #531058
Also covered eruditely by Transtraxman here
Good? Mmm Since end of Feb IAG has fallen from over 450 to below 340.
Apparently linking the very late easter with May holidays provided an abnormally large window to get away and corresponding exceptional seasonal boost for airlines.
Meanwhile Ryanair’s friendly approach looks to have corrected their downturn with a 152% increase in profits.1st August 2014 at 10:04 #531059
In terms of the profit numbers they are good headline figures (and as you know I am not a BA apologist).
On the share price of course it always depends on the period you look at. Over the last 2 years the price is up over 100% which I suspect most shareholders would be happy with.1st August 2014 at 10:25 #531060
My data/view relates directly to the subject/OP ie first half 2014.
Some airlines acknowledge the highly unusual Easter for an “Exodus” and corresponding profit boost.
Interestingly in the past I believe BA and others have blamed an early Easter for poor half year results yet when the converse applies they prefer it to be viewed as their good management! Usual spin.
I agree though over 2 years share price is great, however no better than their nearest competitor Air France/KLM – who incidently do not benefit from the luxury of a homebase which precludes growth of the competition together with an affluent fairly captive customer catchment area. However on the other side AF is benefiting from a well performing partner in KLM.31st October 2014 at 10:57 #531061
Even better than expected results from IAG for the third quarter.
and Buying Business Travel´s comment on the same.”Summer boost for British Airways´ owner” (31-10-14).
Compare that to these two pieces of news from Airwise/Reuters(30-10-14)….
“Lufthansa Cuts Profit Guidance For Second Time”
“Air France-KLM Profit Drops After Pilots’ Strike”
Now the only thing lacking from IAG is a dividend for its shareholders.31st October 2014 at 11:15 #531062
Further to the AF/KL point, I read that KLM will have to reduce staff by 25% (?), even though KLM is the profitable part of the business. AF are not making any real cuts or changes so seems that as KL staff are “compliant” and not striking they loose their jobs as a result.
Maybe KL should ditch AF and join IAG – that would be a very powerful and complimentary business.31st October 2014 at 11:54 #531063
A KLM/BA deal was tried, unsuccessfully, back in 2000.31st October 2014 at 12:15 #531064
I am well aware of that. Would have been a formidable combo in my opinion. Maybe they should look at that again. AF is bringing KL down.31st October 2014 at 13:26 #531065
“AF is bringing KL down.”
I’m afraid KLM do not agree with you.
It is very well know within KLM that the merger with AF has been very profitable for KLM.31st October 2014 at 13:29 #531066
“Now the only thing lacking from IAG is a dividend for its shareholders”
on a customer point of view there is something else missing : a new Club World seat31st October 2014 at 14:57 #531067
In the words of another poster on another forum (Flyerfalk)
“Something must be working.
Despite all the complaints we see posted here, passengers are still booking BA. That is what the numbers are showing. No one is forced to fly BA but they still choose to.”31st October 2014 at 15:13 #531068
Not out of the woods though.
Short Haul Heathrow legacy (Eurofleet) today voted by 98.6% against accepting revised terms and conditions being sought by management. Turnout of 85.5%
The announcement included –
….The refusal of British Airways to even consider a balanced approach to cost saving has led to this overwhelming result. This was sold to crew as an opportunity to send a message to IAG. This result clearly shows that given the company’s current profitability, the management’s own message surrounding the need for change failed to strike a chord with their own employees and that their message was at best ill received and at worst ill conceived……
As the new terms cannot be forced upon them, no idea what happens next.
Apparently improved crew meals were one of the items being offered as a sop. Yum Yum.31st October 2014 at 17:39 #531069
Do you mean two helpings of caviar instead of one?1st November 2014 at 09:40 #531070
@ BigDog. – 31/10/2014 15:13 GMT
I wonder what the revised T&Cs were that IAG’s remote management were seeking. If it included a requirement to at least smile to paying passengers, that would be one immediate improvement on SH services…
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