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BAIRY.PK

ISIN: US1104193065
SEDOL: 2127059

Rating:

SELL

Target Price:

20.85 USD

Investment Horizon:

6 to 12 months
27th Jan 2009 View Report   Download

Company News Alert

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On 26 January 2009, British Airways PLC (BA) announced that it expects to report an operating loss of GBP50 mn and GBP150 mn in 3Q 09 and FY 2009 respectively given falling passenger traffic levels and an increase in non-fuel expenses with a depreciation of the Sterling pound during the period. Given the impact of weak market conditions and slowing air travel…

15th Dec 2008 View Report   Download

1H 09 Update Report

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Although British Airways PLC’s (BA) 1H 09 revenues were broadly in line with consensus estimate, profitability exceeded expectations despite a difficult market environment. Strong yields supported revenue growth, while higher than expected expenses curbed profitability on a y-o-y basis. Going forward, given the impact of current economic conditions on passenger demand, we are cautious of BA’s performance in FY 2009 and FY 2010....

3rd Dec 2008 View Report   Download

Company News Alert

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British Airways PLC’s (BA) common stock price increased significantly in a single trading session on 02 December 2008 reflecting investor optimism regarding a possible merger with Australia’s Qantas Airways Ltd. Although, 1H 09 results exceeded consensus estimates, we expect to revise our target price and estimates downwards in line with revised Management guidance. Moreover, we maintain a HOLD rating on the common…

7th Nov 2008 View Report   Download

1H 09 News Alert

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British Airways PLC (BA) reported a significant decline in profitability in 1H 09 reflecting rising fuel expenses and as ongoing financial and economic conditions continued to impact BA’s lucrative trans- Atlantic routes. Although, results exceeded consensus estimates, we expect to revise our target price and estimates downwards in line with revised Management guidance. However, we upgrade the common stock from a SELL to a…

7th Oct 2008 View Report   Download

Company News Alert

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British Airways PLC’s (BA) common stock has declined significantly since our last update report as turmoil in global financial markets has reduced demand for air travel, particularly within BA’s lucrative trans-Atlantic segment....