British Airways statement on unite stike - profit outlook unchanged
Tuesday 23, March 2010
Contingency plans for the three days of industrial disruption have been very successful. Over the first two days, the airline operated 273 or 78 per cent of its longhaul flights and 442 or 50 per cent of its shorthaul flights.
Seat factors were good at 68 per cent in longhaul and 69 per cent in shorthaul. Club World seat factor was just under 60 per cent. In addition the airline operated 70 positioning flights, which in most cases carried cargo, to return passengers home with minimum disruption.
We started the weekend with 82,573 bookings for the two days after our reservation teams had worked with our customers to reduce bookings (including accommodating some passengers for travel in the days leading up to the weekend) to reflect the smaller flying programme. In fact, over the two days we carried 86,262 passengers, due to late additional bookings.
This strong operational performance made possible by dedicated BA staff has significantly reduced the financial impact of the disruption. Current best estimate is that the 3-day industrial action will cost £7 million a day. Assessment of the cost of potential future industrial action can only be made after the event. As a result full year earnings expectations to March 31, 2010 remains broadly unchanged.
As the Vancouver Olympic Winter Games draw to a close, London 2012 organisers have been taking advantage of the final opportunity to experience and learn from an Olympic Games, before London becomes the next Olympic Host City.
As the 21st Winter Olympic Games wind down in Vancouver, my thoughts naturally turn to the 22nd Winter Olympic Games scheduled for February 7 through 23, 2014, in Sochi, Russia. 2014 will mark the first time that Russia will host the Winter Games – Moscow hosted the Summer Games in 1980.
Even in these difficult economic times, companies are still seeing value in business aviation and are looking to increase business jet travel in 2010.