BAA halves losses, but traffic falls July 28, 2010 AIRPORT operator BAA has narrowed its losses despite passenger numbers taking a hit from British Airways’ (BA’s) cabin crew strikes and the Icelandic volcano. The group, owned by Spanish infrastructure firm Ferrovial, halved its pre-tax losses during the first half of the year from £545.7m in 2009 to £279.7m, helped by lower one-off charges. BAA, [...]
BAA halves losses, but traffic falls July 28, 2010 AIRPORT operator BAA has narrowed its losses despite passenger numbers taking a hit from British Airways’ (BA’s) cabin crew strikes and the Icelandic volcano. The group, owned by Spanish infrastructure firm Ferrovial, halved its pre-tax losses during the first half of the year from £545.7m in 2009 to £279.7m, helped by lower one-off charges. BAA, [...]
THE TIPSTER August 16, 2010 As recent demand for both sterling and the euro wanes while economic uncertainty persists, buyers are taking advantage of the recent falls in the dollar and loading up on greenbacks. This has started to push up the US dollar trade-weighted index. ETX Capital is currently quoting 8241-8249 for the September dollar index. It has been [...]
Unite: BA strike ballot is inevitable September 6, 2010 UNITE, the union representing British Airways (BA) cabin crew, has warned that a further strike ballot is “inevitable” with the Christmas holidays the next likely target for industrial action. Yesterday up to 2,000 members of the British Airlines Stewards and Stewardesses Association (BASSA), the BA crew branch of Unite, met at Kempton Park Racecourse to [...]
BA guarantees all flights even in face of strike July 7, 2010 BRITISH Airways will be able to guarantee all of its flights should there be any new strike action, the company’s chief executive Willie Walsh has promised. “If in case of a strike 100 per cent of flights will, as we believe, be guaranteed, British (Airways) will not only not lose money it will end up [...]
BA guarantees all flights even in face of strike July 7, 2010 BRITISH Airways will be able to guarantee all of its flights should there be any new strike action, the company’s chief executive Willie Walsh has promised. “If in case of a strike 100 per cent of flights will, as we believe, be guaranteed, British (Airways) will not only not lose money it will end up [...]
Even without a runway, airlines set for take-off September 27, 2010 BAA’s Sir Nigel Rudd grabbed headlines last week by denouncing the ban on a third runway at Heathrow, claiming it would make the facility a “second-tier airport”. His comments followed an update from the International Air Transport Association (IATA) that forecast a likely 2010 profit of $8.9bn for the global aviation industry – excepting Europe, [...]
BA boss eyes fresh round of merger deals September 5, 2010 BRITISH AIRWAYS chief executive Willie Walsh has drawn up a hit list of a dozen companies he wants to buy after he has sealed his merger with Iberia and American Airlines in a bid to become the biggest airline group in the world. Walsh said: “The mergers with Iberia and American were never meant to [...]
The head of the world’s largest law firm reveals his plans for expansion December 5, 2010 The new chairman of Baker & McKenzie has a tricky hand to play. Eduardo Leite, who began his three-year term at the beginning of last month, may lead over 10,000 staff (including 4,000 lawyers) spread over 40 countries in 68 offices. And the firm may have produced the biggest revenues in the industry this year [...]
The head of the world’s largest law firm reveals his plans for expansion December 5, 2010 The new chairman of Baker & McKenzie has a tricky hand to play. Eduardo Leite, who began his three-year term at the beginning of last month, may lead over 10,000 staff (including 4,000 lawyers) spread over 40 countries in 68 offices. And the firm may have produced the biggest revenues in the industry this year [...]