British Airways boss thinks MPs will fail to sort out air capacity December 4, 2012 THE HEAD of British Airways’ parent company does not think the government’s latest attempt to tackle airport expansion in Britain will come up with a concrete plan. “I think the decision of the government to establish the Davies Commission has been seen by some, maybe seen by many, as a step in the right direction. [...]
Divi doubles at EasyJet thanks to record profit November 20, 2012 EASYJET is treating its shareholders to a dividend twice as big as last year, after posting a 28 per cent rise in pre-tax profits to £317m. The budget airline brushed off the fuel cost and traffic concerns that dog the rest of the industry to deliver an 11.6 per cent jump in revenues to £3.85bn [...]
How to manage your risk by using a pairs strategy November 19, 2012 MARKETS are fraught with uncertainty: the fiscal cliff, conflict in the Middle East, the Eurozone crisis, and slowing growth in China are just some of the problems that could potentially derail equity markets. Therefore, traders must use risk management techniques to mitigate their risk exposure. But if investors suddenly sought safety by moving their money [...]
Branson ups the stakes in flight wars November 18, 2012 VIRGIN Atlantic is hoping to break British Airways’ traditional dominance of UK short haul air travel, after being picked to take over a dozen slots at Heathrow Airport. Virgin confirmed today that it will offer flights to Aberdeen and Edinburgh next year, using the slots that BA has been forced to give up on competition [...]
There is room for two on the US’s east coast November 18, 2012 Hopping over a grate steaming with hot air from the metro system below, I stroll past the gleaming plate glass wrapped around the ground floor of the towering skyscrapers of downtown. As I swing open the door of the city’s chicest fashion boutique, the rooftop bar next door breaks through the traffic noise with an [...]
Psychology is lurking beneath every disappointing corporate merger November 13, 2012 INTERNATIONAL Airlines Group (IAG), formed in January 2011 through a merger between British Airways and Iberia, is in difficulty. Operating losses at IAG in the first nine months of 2012 were €169M (£135m). Shareholders have a right to feel disgruntled. They might question IAG’s revenue forecasting methods, and how realistic their projections have been. Or [...]
India 10 years on: The rise of a tourism superpower November 11, 2012 INDIA DRAMATICALLY straddles the ancient and modern worlds: as well as having a space programme, it is home to layers of ancient civilisations, leaving an intricate cultural legacy. But an under-developed service sector used to make it difficult to enjoy India as a holidaymaker. I wanted to find out if the tourist industry was keeping [...]
IAG profits hurt by weak Iberia November 9, 2012 British Airways owner IAG this morning reported a 25 per cent drop in operating profit over the third quarter, as it announced a turnaround plan for poorly-performing subsidiary Iberia. The airline group posted operating profit over the three months to September of €270m, down from €363m over the same period last year. Over the nine [...]
What the other papers say this morning November 8, 2012 FINANCIAL TIMES Panmure hires team from Matrix Panmure Gordon has returned to the investment fund business by hiring a team from Matrix Corporate Capital, as the broker seeks to build on its return to profitability without inflating its cost base. Most of Matrix’s existing investment funds team, which includes market makers, specialist analysts and sales [...]
IAG eyes Spanish budget airline November 7, 2012 IAG, the parent company of British Airways and Iberia, is eyeing a bid for Vueling Airlines, a budget carrier based in Spain, the firm said in a statement yesterday. IAG’s board will meet today to consider a bid and its possible terms. A subsidiary of IAG already owns 45.85 per cent of Barcelona-based Vueling, which [...]