"The balance of probabilities is that this will get approval," said Jonathan Wober, an analyst at Societe Generale in London with "hold" recommendations on British Airways and Iberia stock. 
Share:  <span class="sent">"The balance of probabilities is that this will get approval," said <span class="analyst">Jonathan Wober</span>, an analyst at Societe Generale in London with "hold" recommendations on <span class="company">British Airways</span> and Iberia stock.</span> Tweet this 

"The balance of probabilities is that this will get approval," said Jonathan Wober, an analyst at Societe Generale in London with "hold" recommendations on British Airways and Iberia stock. 
Share:  <span class="sent">"The balance of probabilities is that this will get approval," said <span class="analyst">Jonathan Wober</span>, an analyst at Societe Generale in London with "hold" recommendations on British Airways and <span class="company">Iberia</span> stock.</span> Tweet this 

Results are below forecasts, primarily on revenues which reflect the ongoing weakness in demand," Jonathan Wober, analyst for Societe Generale said. By 8.17am Iberia's shares were down 2.18 per cent at €2.20, the largest decliner on the DJ Stoxx Travel and Leisure index. Roughly a third of Iberia's revenues come from its domestic market, further hit by low cost carriers and the roll out of high speed rail, particularly on a key Madrid Barcelona route. The airline swung to a net loss of €273 million in 2009, with a €91 million loss in the fourth quarter alone. The results follow recent mixed numbers from merger partner BA, which posted a surprise third quarter operating profit, and rivals like Air France KLM which unveiled heavier than expected losses and said more was to come 
Share:  <span class="sent">Results are below forecasts, primarily on revenues which reflect the ongoing weakness in demand," <span class="analyst">Jonathan Wober</span>, analyst for Societe Generale said.</span> By 8.17am <span class="company">Iberia</span>'s shares were down 2.18 per cent at €2.20, the largest decliner on the DJ Stoxx Travel and Leisure index. Roughly a third of <span class="company">Iberia</span>'s revenues come from its domestic market, further hit by low cost carriers and the roll out of high speed rail, particularly on a key Madrid Barcelona route. The airline swung to a net loss of €273 million in 2009, with a €91 million loss in the fourth quarter alone. The results follow recent mixed numbers from merger partner BA, which posted a surprise third quarter operating profit, and rivals like Air France KLM which unveiled heavier than expected losses and said more was to come....<span class="sent">Results are below forecasts, primarily on revenues which reflect the ongoing weakness in demand," <span class="analyst">Jonathan Wober</span>, analyst for Societe Generale said.</span> By 8.17am <span class="company">Iberia</span>'s shares were down 2.18 per cent at €2.20, the largest decliner on the DJ Stoxx Travel and Leisure index. Roughly a third of <span class="company">Iberia</span>'s revenues come from its domestic market, further hit by low cost carriers and the roll out of high speed rail, particularly on a key Madrid Barcelona route. The airline swung to a net loss of €273 millio Tweet this 

"These disputes are not so much about pay but the right to manage the company and the level of influence the workforce should have, all exacerbated by recession," said Jonathan Wober, an analyst at Societe Generale in London with "hold" recommendations on shares of Air France KLM, Lufthansa, BA and French airport operator Aeroports de Paris 
Share:  <span class="sent">"These disputes are not so much about pay but the right to manage the company and the level of influence the workforce should have, all exacerbated by recession," said <span class="analyst">Jonathan Wober</span>, an analyst at Societe Generale in London with "hold" recommendations on shares of Air France KLM, Lufthansa, BA and French airport operator <span class="company">Aeroports de Paris</span></span> Tweet this 

The Unite union is meeting BA managers today as it seeks to overturn staff cuts on long haul flights that were imposed without its approval "These disputes are not so much about pay but the right to manage the company and the level of influence the workforce should have, all exacerbated by recession," said Jonathan Wober, an analyst at Societe Generale in London with "hold" recommendations on shares of Air France KLM, Lufthansa, BA and French airport operator Aeroports de Paris Airlines have been told to cut 50 percent of services at Paris Orly airport and 25 percent at Charles de Gaulle to help cope with a strike slated to run until Feb 26, said Eric Heraud, a spokesman for the French civil aviation authority or DGAC 
Share:  The Unite union is meeting <span class="company">BA</span> managers today as it seeks to overturn staff cuts on long haul flights that were imposed without its approval<span class="sent"> "These disputes are not so much about pay but the right to manage the company and the level of influence the workforce should have, all exacerbated by recession," said <span class="analyst">Jonathan Wober</span>, an analyst at Societe Generale in London with "hold" recommendations on shares of Air France KLM, Lufthansa, <span class="company">BA</span> and French airport operator Aeroports de Paris</span> Airlines have been told to cut 50 percent of services at Paris Orly airport and 25 percent at Charles de Gaulle to help cope with a strike slated to run until Feb 26, said Eric Heraud, a spokesman for the French civil aviation authority or DGAC...The Unite union is meeting <span class="company">BA</span> managers today as it seeks to overturn staff cuts on long haul flights that were imposed without its approval<span class="sent"> "These disputes are not so much about pay but the right to manage the company and the level of influence the workforce should have, all exacerbated by recession," said <span class="analyst">Jonathan Wober</span>, an analyst at Societe Generale in London with "hold" recommendations on shares of Air France KLM, Lufthansa, <span class="company">BA</span> and French airport operator Aeroports de Paris</span> Airlines have been told to cut 50 percent of s Tweet this 

"Those changes, combined with capacity reductions and external spending cuts, mean operating costs are down by 105 percent and show that we've adapted quickly to the new business realities created by the global recession" Shares in BA, which jumped 23 percent in early trade were 10 percent lower at 2189 pence by 1048 GMT, valuing the airline at around 25 billion pounds "BA said the year on year improvement in fourth quarter operating profit is likely to be similar to the third quarter so 76 million pounds better year on year but the focus remains on costs," said Societe Generale analyst Jonathan Wober 
Share:  "Those changes, combined with capacity reductions and external spending cuts, mean operating costs are down by 105 percent and show that we've adapted quickly to the new business realities created by the global recession" Shares in <span class="company">BA</span>, which jumped 23 percent in early trade were 10 percent lower at 2189 pence by 1048 GMT, valuing the airline at around 25 billion pounds<span class="sent"> "<span class="company">BA</span> said the year on year improvement in fourth quarter operating profit is likely to be similar to the third quarter so 76 million pounds better year on year but the focus remains on costs," said Societe Generale analyst <span class="analyst">Jonathan Wober</span></span>..."Those changes, combined with capacity reductions and external spending cuts, mean operating costs are down by 105 percent and show that we've adapted quickly to the new business realities created by the global recession" Shares in <span class="company">BA</span>, which jumped 23 percent in early trade were 10 percent lower at 2189 pence by 1048 GMT, valuing the airline at around 25 billion pounds<span class="sent"> "<span class="company">BA</span> said the year on year improvement in fourth quarter operating profit is likely to be similar to the third quarter so 76 million pounds better year on year Tweet this 

Walsh, seeking to cut as much as 140 million pounds in flight attendant costs, imposed reduced staffing levels last month After securing the equivalent of 1,700 job cuts through voluntary departures and part time working that were negotiated without Unite's involvement, the airline scaled back the number of flight attendants on Boeing Co 747 jumbo jets to 14 from 15 Civil Aviation Authority figures comparing spending on flight attendants at 10 UK airlines showed British Airways crews to be the priciest in 2008, costing twice as much in average pay as counterparts at London based long haul competitor Virgin Atlantic Airways Ltd ‘Competitive Environment' "Whilst the cost savings they are trying to achieve don't sound like a big number compared to its revenues, it's more about how managers are trying to transform how the business is run in the more competitive environment that is not going to go away," said Jonathan Wober , an analyst at Societe Generale with a "hold" recommendation on British Airways Unite will probably carry out a second strike ballot "as quickly as possible," Derek Simpson , the union's joint general secretary, told reporters outside court following the ruling The only way for the airline to avoid a walkout would be to reach a compromise with employees , he said "They shouldn't rejoice in this," Simpson said 
Share:  Walsh, seeking to cut as much as 140 million pounds in flight attendant costs, imposed reduced staffing levels last month<span class="sent"> After securing the equivalent of 1,700 job cuts through voluntary departures and part time working that were negotiated without Unite's involvement, the airline scaled back the number of flight attendants on Boeing Co 747 jumbo jets to 14 from 15 Civil Aviation Authority figures comparing spending on flight attendants at 10 UK airlines showed </span><span class="company">British Airways</span> crews to be the priciest in 2008, costing twice as much in average pay as counterparts at London based long haul competitor Virgin Atlantic Airways Ltd ‘Competitive Environment' "Whilst the cost savings they are trying to achieve don't sound like a big number compared to its revenues, it's more about how managers are trying to transform how the business is run in the more competitive environment that is not going to go away," said <span class="analyst">Jonathan Wober</span> , an analyst at Societe Generale with a "hold" recommendation on <span class="company">British Airways</span> Unite will probably carry out a second strike ballot "as quickly as possible," Derek Simpson , the union's joint general secretary, told reporters outside court following the ruling The only way for the airline to avoid a walkout would be to reach a compromise with employees , he said "They shouldn't rejoice in this," Simpson said...Walsh, seeking to cut as much as 140 million pounds in flight attendant costs, imposed Tweet this 

"These are challenging times and these measures highlight the seriousness of that challenge," said Societe Generale analyst Jonathan Wober. "It makes sense for Iberia to get on with what they need to do for themselves, regardless of progress with the BA merger talks," he said. Iberia's new airline is planned for 2011 and will be based in Madrid to feed traffic from its loss making short and medium haul routes to its growing long haul network. 
Share:  <span class="sent">"These are challenging times and these measures highlight the seriousness of that challenge," said Societe Generale analyst <span class="analyst">Jonathan Wober</span>. </span> "It makes sense for <span class="company">Iberia</span> to get on with what they need to do for themselves, regardless of progress with the BA merger talks," he said. <span class="company">Iberia</span>'s new airline is planned for 2011 and will be based in Madrid to feed traffic from its loss making short and medium haul routes to its growing long haul network. ...<span class="sent">"These are challenging times and these measures highlight the seriousness of that challenge," said Societe Generale analyst <span class="analyst">Jonathan Wober</span>. </span> "It makes sense for <span class="company">Iberia</span> to get on with what they need to do for themselves, regardless of progress with the BA merger talks," he said. <span class="company">Iberia</span>'s new airline is planned for 2011 and will be based in Madrid to feed traffic from its loss making short and medium haul routes to its growing long haul network. Tweet this 

The most geared balance sheet is that of British Airways ..(while) Lufthansa has the strongest balance sheet of the Big Three carriers, said Jonathan Wober, an analyst at Societe Generale. BA's debt stood at 2.4 billion pounds at end March, whereas Lufthansa. seen by analysts to have the strongest balance sheet of the big three full carriers. will only move into debt this year as a result of a string of mid size acquisitions. AirFrance KLM has gone for a convertible bond. 
Share:  <span class="sent">The most geared balance sheet is that of British Airways ..(while) Lufthansa has the strongest balance sheet of the Big Three carriers, said <span class="analyst">Jonathan Wober</span>, an analyst at Societe Generale. </span> <span class="company">BA</span>'s debt stood at 2.4 billion pounds at end March, whereas Lufthansa. seen by analysts to have the strongest balance sheet of the big three full carriers. will only move into debt this year as a result of a string of mid size acquisitions. AirFrance KLM has gone for a convertible bond. ...<span class="sent">The most geared balance sheet is that of British Airways ..(while) Lufthansa has the strongest balance sheet of the Big Three carriers, said <span class="analyst">Jonathan Wober</span>, an analyst at Societe Generale. </span> <span class="company">BA</span>'s debt stood at 2.4 billion pounds at end March, whereas Lufthansa. seen by analysts to have the strongest balance sheet of the big three full carriers. will only move into debt this year as a result of a string of mid size acquisitions. AirFrance KLM has gone for a convertible bond. Tweet this 

"The most geared balance sheet is that of British Airways ..(while) Lufthansa has the strongest balance sheet of the Big Three carriers," said Jonathan Wober, an analyst at Societe Generale. BA's debt stood at 2.4 billion pounds at end March, whereas Lufthansa. seen by analysts to have the strongest balance sheet of the big three full carriers. will only move into debt this year as a result of a string of mid size acquisitions. AirFrance KLM has gone for a convertible bond. 
Share:  <span class="sent">"The most geared balance sheet is that of British Airways ..(while) Lufthansa has the strongest balance sheet of the Big Three carriers," said <span class="analyst">Jonathan Wober</span>, an analyst at Societe Generale. </span> <span class="company">BA</span>'s debt stood at 2.4 billion pounds at end March, whereas Lufthansa. seen by analysts to have the strongest balance sheet of the big three full carriers. will only move into debt this year as a result of a string of mid size acquisitions. AirFrance KLM has gone for a convertible bond. ...<span class="sent">"The most geared balance sheet is that of British Airways ..(while) Lufthansa has the strongest balance sheet of the Big Three carriers," said <span class="analyst">Jonathan Wober</span>, an analyst at Societe Generale. </span> <span class="company">BA</span>'s debt stood at 2.4 billion pounds at end March, whereas Lufthansa. seen by analysts to have the strongest balance sheet of the big three full carriers. will only move into debt this year as a result of a string of mid size acquisitions. AirFrance KLM has gone for a convertible bond. Tweet this