BA and IAG post Iberia merger

Discussion in 'British Airways | Executive Club' started by Chelsea Rose, Feb 20, 2011.  |  Print Topic

  1. Chelsea Rose
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    Chelsea Rose Active Member

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    This Friday, 25 February, IAG publishes BA's financial results for the 9 months to December and the Iberia's results for the 12 months to December.

    It has been some time since an update was given on the post-merger strategy. See these slides (from slide 50 onwards):

    http://media.corporate-ir.net/media_files/irol/24/240949/BAPres/01_ID_2010_Full_presentations.pdf

    Although it is early days, hopefully this Friday will be an opportunity for an update for The City. Areas I expect to be covered are:

    1. Joint-handling & contracts at common outstations.

    2. "Combined/integrated" frequent flyer programme strategy.

    3. Fleet renewal plans. There has been plenty of speculation of a joint-order for BA and IB, in part to top up BA's recent fleet order for 787s and A380s.

    4. The long-term strategy for the MAD hub. Specifically, will there be new/reinstated feeder flights from UK regions and LGW. What's the strategy to develop MAD beyond long haul flights to South America?

    5. IAG at LHR. Will IB move into Terminal 5 to facilitate easier connections?

    6. Products/customer service. Opportunities for, to use the awful phrase, "best practice" to be shared. For example, BA is more advanced in the use of online/mobile technology and (although not always) premium products/services.

    7. Specifically with regard to BA, London is going to be under considerable international focus over the coming 18 months with the Royal Wedding, The Queen's Diamond Jubilee, and the 2012 Olympics. This is an enormous opportunity for BA that cannot be wasted but, sadly, brand building activity has been impacted by recent IR issues.

    8. Also, with regard to BA, what is the long term strategy for LGW and expansion at LCY and what's happening with ATI with JAL?

    9. IAG Expansion. The City will want to see results from the BA and IB merger before any money is spent on further acquisitions, but opportunities are there, notably the privatisation of TAP and Air Berlin, even a minority stake in AA.
     
    TuxTraveller and Globaliser like this.
  2. TuxTraveller
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    TuxTraveller Silver Member

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    It will indeed be interesting to see what comes out of Friday. I certainly hope the topics you note will be mentioned and discussed.

    Most importantly I've got some orphaned miles soon to expire in Iberia Plus I'd like to have added to my BAEC account :p
     
  3. Chelsea Rose
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    Chelsea Rose Active Member

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    No major announcements today then!

    http://media.corporate-ir.net/media_files/IROL/24/240949/IAG_results_2010.pdf

    http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9ODMyOTJ8Q2hpbGRJRD0tMXxUeXBlPTM=&t=1

    Looking at the BA results for the 9 months to December and the Iberia 12 months, BA is getting back to profitability with an operating profit of £342m and profit before tax of £157m.

    It seems that Iberia's fleet will be one of the first major areas of attention:

    http://www.flightglobal.com/article...t-is-initial-focus-of-iags-fleet-renewal.html
     

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