BA / IAG “to break even in Quarter 4” – and more from IAG’s January to June financial results

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• Genghis says:

  31 Jul31 July 16:00

  New IAG Chair announced too.

• Alex W says:

  31 Jul31 July 16:09

  Gutted I never got to fly the Baby Bus before she retired.

  • Roberto says:

    31 Jul31 July 16:29

    Was a sweet ride.. the nearest I’ll ever get to being on a G5.

    • GaryC says:

      31 Jul31 July 18:57

      I agree, the baby bus over hyped. Unlike the 747 upper deck, it’s hard to lament its passing. Break even in Q4 sounds like a good result, from an economic management point of view it’s a well run business.

  • Mr. AC says:

    31 Jul31 July 17:00

    Managed to fly on it once… Was really hoping it’d survive, by far the best business class experience. Very sad to learn it’s gone for good.

    Can’t imagine it ever made much money for BA, however, too niche. Crossrail would’ve probably killed it if not of COVID.

    • Dominic Barrington says:

      31 Jul31 July 17:06

      A ‘marmite’ service. I flew it once and thought it seriously over-hyped. For those in East London I absolutely see the convenience factor, but other than that, I think it had less and less going for it, especially as US immigration is much easier than it used to be.

      • Mr. AC says:

        31 Jul31 July 17:10

        To each is own.
        However, this development begs the question – which flights will now be designated BA1 & BA2?

        • Spaghetti Town says:

          31 Jul31 July 17:26

          They’ll probably wait until the next niche flight comes along before re-assigning them

        • Lady London says:

          31 Jul31 July 18:53

          003 and 004 were also Concorde as well as 001 and 002 and I dont believe those flight numbers were ever reassigned by BA after Concorde went.

        • Lady London says:

          31 Jul31 July 18:59

          I think those figures show clever navigation by IAG in the circumstances.
          Better than all but 2 airlines I can think of as a basis to return to sound relatively debt-free profits, and growth when the market does.

        • ChrisC says:

          31 Jul31 July 19:55

          Lady London

          BA 3 and 4 were assigned and used as the second daily flight on the LCY-JFK route

      • Rob says:

        31 Jul31 July 17:52

        Agreed, as per my last review.

    • Michael_s says:

      1 Aug1 August 09:33

      I loved it for what it was worth. Managed to book 241 for myself and mom, her first visit to states. Yes, it’s a little overhyped and yes, time saving via landing domestic to jfk is more than offset by shannon stopover but it was as close to private jet as I could get

      Speaking of which, what’s gonna happen to US immigration in Shannon? Assume scraped?

      • Nick_C says:

        1 Aug1 August 11:18

        I don’t think 20 pax a day is going to make any difference to the viability of pre clearance at Shannon, which predates the Dublin facility and has been going for over 30 years.

  • Paul says:

    1 Aug1 August 00:28

    You really did not miss much.

    • ADS says:

      1 Aug1 August 10:13

      agree. especially if you got a grumpy crew who stomped up and down the aisle during the night and kept waking you up !

• memesweeper says:

  31 Jul31 July 16:27

  Lots of new deliveries deferred and lots of planes scrapped or sent back to lessors. Clearly a massive scaling back of operations is underway for the medium term.

• Ed says:

  31 Jul31 July 16:51

  If management would like to raise some more cash, then release some more F redemption opportunities and I’ll happily pay my associated taxes and fees

  • ChrisC says:

    31 Jul31 July 19:58

    The scrapping of the 747s has greatly reduced the number of F seats so don’t get your hopes up for more F redemption seats

• AJA says:

  31 Jul31 July 17:11

  Sad reading. Not good. So sorry for all who work at BA this must be really not helping morale. I note that capex will be halved by €7billion over the next 3 years, wonder what that does to the rollout of Club Suite? Also I wonder how many of the 68 planes are actually cancelled versus being deferred? That can’t be good news for Rolls Royce, Boeing or Airbus. It seems there is going to be 1,000 more redundancies on top of the 12,000 that BA announced in April. I wonder how Unite will respond to the news and the less than rosy financial position?

  • P says:

    1 Aug1 August 09:16

    Unite seem as per their twitter page, specifically BASSA , are probably too busy travelling around the country with their betrayal banner to comment constructively. Unfortunately we are now in August so get the impression things are moving fast and the membership looks as though going to be left high and dry unless the union has something other than industrial action which helps nobody, either staff or customers.

    • J says:

      1 Aug1 August 17:13

      Industrial action may inconvenience passengers but it’s mostly strike action and the threat of it which win genuine compromises from management. BA are a textbook example of poor industrial relations – management are simply not trusted by a large number of employees.

• RWJ says:

  1 Aug1 August 08:42

  Of course IT spend is first to go! Always viewed as a cost centre and not a means of increasing business efficiency / customer satisfaction.

• Scott says:

  1 Aug1 August 11:21

  Glad I had the opportunity to fly on BA1 babybus before it was scrapped. Enjoyed the novelty but realistically besides a leisurely trip it wasn’t better than the LHR ground experience and 747 in-the-air experience. Fun memories though 🙂

• Colin says:

  1 Aug1 August 14:22

  2023 sounds about right or even possible optimistic.

  It took five years for passenger numbers to return fully after 9/11 and that was a pretty minor event in the grand scheme of things, that only impacted America. Covid is something which has impacted the entire world.

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