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Discussion in 'British Airways | Executive Club' started by EZEIZA, Nov 9, 2013.
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Well done those Dilberts!!!
The title is a little misleading. These are IAG profits, and the story is clear on why there's at least part of the increase:
When you look at the trailing nine months, however:
Until the lawsuit over YQ results in big paybacks. Roll on, US justice system.
Nothing spectacular about those profits...DL's were vastly higher and even UA's were much better. In an era of lessened competition, more use of anti-trust exempt JV agreements, and a general reduction of capacity, almost everyone is making some money...even IB.
In the short run, Dilbertian excess will be curbed by various means including the YQ lawsuit and the CTA complaint investigations.
In the medium term, vigorous expansion by Gulf carriers into UK and EU markets as well as attacks by growing enterprises like Norwegian will drive down the long-haul yields.
In the longer term, new market entrants and the Emperor Leprechaun will put more pressure on the Dilbertian pseudo-fortress at LHR. London Airlines is not in a great position.