Growing Evidence That The Upturn Is Upon Us
Join Date: Feb 2006
Location: EU
Posts: 961
Likes: 0
Received 0 Likes
on
0 Posts
airlines make money in summer and winter, during a good time.
But now,I expect airline to start filing bankrupt right after summer for lack of cash. Waiting for next christmas in a hope that recession will end, is a long run and a dream.
do you know how much lose BA every day ? a lot....
all airlines are losing money...
TRTO's in my point of view are already dead and many wanabes will lose their cash! pay as you go, cuz I have lost money already. (not a lot, so I didn't care, but I lost money!)
GLOBAL PREMIUM AIR TRAVEL DEMAND
Global premium ticketed demand plummeted at an even faster pace in February 2009, falling by 21.1%, following a 16.7% decline in January. Even allowing for the extra day in February 2008, which would require a 3-3.5% adjustment, the pace at which demand is contracting has deteriorated.
The pace of decline in economy demand also accelerated, falling from 4.7% to 8.3%. However, after adjustment, the two months’ performances are broadly similar, reflecting some benefit from business passengers trading down.
Among the large premium markets, Asia was the weakest performer, with demand falling by 26.4%, its third consecutive month with demand contracting at a similarly poor level.
The performance of the North Atlantic segment has shown a concerning and marked deterioration, with the 22.5% decline comparing unfavourably with falls of 14.5% and 8.8% in January 2009 and December 2008 respectively. This reflects the pace at which the US and European economies have contracted in recent months. As the business travel sector is normally among the first to show signs of revival, with a recovery in international trade likely to lead any recovery, signs that the downturn in the economy may be close to bottoming out should auger well for premium demand during the second half of 2009.
Travel within Africa remained the only region to deliver premium demand growth in February, although the rate of growth has been sharply curtailed from 18.9% in January to just 2.8%, and this does remain a very small market.
The slowdown in the rate of demand contraction in the Europe-Far East market, from 21.2% in January to 19.6% in February (excluding the Leap Year adjustment) may be interpreted as an early sign that a floor in the major markets could now be close.
-------------------
Our vision is to be the world’s leading global premium airline and the airline of choice for millions of people across the world. But we are facing major financial difficulties. The deepening recession is being felt everywhere and more than 30 airlines have gone bust. At the same time, we’re seeing our competitors improving their products and becoming stronger through new alliances.
We need to take action now in order to become more competitive and to safeguard the future of BA. We must continue to invest in new fleet, products and services and we need to work better together.
But now,I expect airline to start filing bankrupt right after summer for lack of cash. Waiting for next christmas in a hope that recession will end, is a long run and a dream.
do you know how much lose BA every day ? a lot....
all airlines are losing money...
TRTO's in my point of view are already dead and many wanabes will lose their cash! pay as you go, cuz I have lost money already. (not a lot, so I didn't care, but I lost money!)
GLOBAL PREMIUM AIR TRAVEL DEMAND
Global premium ticketed demand plummeted at an even faster pace in February 2009, falling by 21.1%, following a 16.7% decline in January. Even allowing for the extra day in February 2008, which would require a 3-3.5% adjustment, the pace at which demand is contracting has deteriorated.
The pace of decline in economy demand also accelerated, falling from 4.7% to 8.3%. However, after adjustment, the two months’ performances are broadly similar, reflecting some benefit from business passengers trading down.
Among the large premium markets, Asia was the weakest performer, with demand falling by 26.4%, its third consecutive month with demand contracting at a similarly poor level.
The performance of the North Atlantic segment has shown a concerning and marked deterioration, with the 22.5% decline comparing unfavourably with falls of 14.5% and 8.8% in January 2009 and December 2008 respectively. This reflects the pace at which the US and European economies have contracted in recent months. As the business travel sector is normally among the first to show signs of revival, with a recovery in international trade likely to lead any recovery, signs that the downturn in the economy may be close to bottoming out should auger well for premium demand during the second half of 2009.
Travel within Africa remained the only region to deliver premium demand growth in February, although the rate of growth has been sharply curtailed from 18.9% in January to just 2.8%, and this does remain a very small market.
The slowdown in the rate of demand contraction in the Europe-Far East market, from 21.2% in January to 19.6% in February (excluding the Leap Year adjustment) may be interpreted as an early sign that a floor in the major markets could now be close.
-------------------
Our vision is to be the world’s leading global premium airline and the airline of choice for millions of people across the world. But we are facing major financial difficulties. The deepening recession is being felt everywhere and more than 30 airlines have gone bust. At the same time, we’re seeing our competitors improving their products and becoming stronger through new alliances.
We need to take action now in order to become more competitive and to safeguard the future of BA. We must continue to invest in new fleet, products and services and we need to work better together.
Last edited by dartagnan; 16th May 2009 at 16:27.
Join Date: Nov 2008
Location: London
Posts: 238
Likes: 0
Received 0 Likes
on
0 Posts
Is investment plan structured or perplexing?
The message from the Bank of England Governor Mervyn King this week was that it is going to be a very long haul for the British economy. Any recovery will be slow and protracted, a long grind. Therefore, some think, any further rally in shares is going to be slow and grudging.
such statements as 5 Mil unemployed is way way from the mark. Frankly scare tactics!
Join Date: Nov 2004
Location: The Desert but shortly to be HK!)
Age: 49
Posts: 474
Likes: 0
Received 0 Likes
on
0 Posts
So far the UK "jobless rate" is 2.22mn up 244k in the last quarter. That takes it to 7.1%.
You add in the c2.5mn (yes that is not a typo... 2.5mn) people claiming "incapacity benefit" which for many is just a ruse to avoid doing a decent days work and you are not far off 5 mn already.
So I am confused why is 5mn unemployed such a "scare story".... just because labour lies call the mass unemployed something else these days for propaganda purposes doesn't mean they are not still "unemployed" and a drain on the country's resources....
Spain is well on its way to 20% unemployment... Ireland is already at 11%.... but oooooh no that couldn't happen here because we have a government that knows what it is doing..... errrrhemmm.
I can't help but feel despite everything that is in the press people on this forum still do not "get it".... the situation is not just bad... it is bloomin awful.
You add in the c2.5mn (yes that is not a typo... 2.5mn) people claiming "incapacity benefit" which for many is just a ruse to avoid doing a decent days work and you are not far off 5 mn already.
So I am confused why is 5mn unemployed such a "scare story".... just because labour lies call the mass unemployed something else these days for propaganda purposes doesn't mean they are not still "unemployed" and a drain on the country's resources....
Spain is well on its way to 20% unemployment... Ireland is already at 11%.... but oooooh no that couldn't happen here because we have a government that knows what it is doing..... errrrhemmm.
I can't help but feel despite everything that is in the press people on this forum still do not "get it".... the situation is not just bad... it is bloomin awful.
Join Date: Apr 2008
Location: N/E England
Age: 47
Posts: 239
Likes: 0
Received 0 Likes
on
0 Posts
You add in the c2.5mn (yes that is not a typo... 2.5mn) people claiming "incapacity benefit" which for many is just a ruse to avoid doing a decent days work and you are not far off 5 mn already.
GSB....With the greatest of respect, whether you or I choose to agree, the fact remains those claiming incapacity benefit can not be used as a statistic to bolster your projected unemployment statistics. I would suggest that the clue is in the title ‘incapacity’
Foolishly perhaps, I tend to view the majority of those claiming incapacity benefit, honest, furthermore entitled to it. Of course, the argument could be reversed somewhat, there are those who choose to reside in full-time employment, despite quite frankly, not being well enough, as an example my father - I guess it’s horses for courses – Nevertheless, it is sad when we as a society adopt such a cynical view point.
Indeed, this is simply my interpretation, and you are free to disagree. However, in my opinion, I disagree entirely with the 5 million projected unemployed figure, rather I would articulate a realistic figure in the region of three and a half million.
Join Date: Feb 2006
Location: EU
Posts: 961
Likes: 0
Received 0 Likes
on
0 Posts
a realistic figure is that the USA are in debt of 10 trillions$ and they wont never pay back this money.It will crack very soon!
one day, all services in USA will be shut down. Hospitals, police offices, public transports,schools, road, Army, ATC etc... it's going to be a nightmare.
why? cuz arab countries will one day stop to loan money to the USA when they will realize it's over.Until now they pay, because US buy their oil.... until a certain point...and after this point, we will go to a civil war.
buy gold and stock as much food you can before it' s too late!
YouTube - U.s. National Debt Grows To Large For National Debt Clock
YouTube - Our National Debt Clock
one day, all services in USA will be shut down. Hospitals, police offices, public transports,schools, road, Army, ATC etc... it's going to be a nightmare.
why? cuz arab countries will one day stop to loan money to the USA when they will realize it's over.Until now they pay, because US buy their oil.... until a certain point...and after this point, we will go to a civil war.
buy gold and stock as much food you can before it' s too late!
YouTube - U.s. National Debt Grows To Large For National Debt Clock
YouTube - Our National Debt Clock
Last edited by dartagnan; 18th May 2009 at 19:07.
Yes, 3.5 million sounds a sensiible figure, but only if we don't get the much needed 20% cut in public spending. And since the public sector is about 50% of the economy, isn't that a further 10% of all jobs dissapearing, in general terms?
Join Date: Sep 2007
Location: Spain
Posts: 102
Likes: 0
Received 0 Likes
on
0 Posts
Just a litle input to the original thread theme. I have an engineering company employing 25 people and we have had it very very tough for 6-9 months and have had to lose 5 employees and go down to a 4 day week.
However, it does look might it might have bottomed out from our point of view as an SME manufacturer.
We have just gone back up to a 5 day week.
This by no means we are out of the woods yet and we could well see a another downturn in the next few months but nevertheless we are seeing more demand.
Just to clarify, we are not in high volume automotive but sectors we supply are: Motorsport, Construction equipment, Power generation, Commercial vehicle transmission, Rail infrastructure and a little bit of Aerospace.
However, it does look might it might have bottomed out from our point of view as an SME manufacturer.
We have just gone back up to a 5 day week.
This by no means we are out of the woods yet and we could well see a another downturn in the next few months but nevertheless we are seeing more demand.
Just to clarify, we are not in high volume automotive but sectors we supply are: Motorsport, Construction equipment, Power generation, Commercial vehicle transmission, Rail infrastructure and a little bit of Aerospace.
Japan, the worlds number two economy, today annouced a quarterly fall of 4% in its GDP. Annualized this becomes a 15.2% fall. Its the biggest ever recorded, the worst since WW2, its simply a massive loss of GDP in a massive economy.
Like most things that fall off a cliff there will be a bounce. There are a lot of hopes being pinned on this being the bottom. I think that's as tragic as in Blackadder Goes Fourth when George believes the guns have stopped because the war is over and announces with delight "the Great War 1914 to 1917...."
The worlds major economies have mortgaged the future, slashed interest rates to the floor and flooded money supply. None of which is desireable. Simply to avoid anarchic economic collapse and get us this pause for breath. The flightplan to a sound, expansionary, global economy is a long and challenging one.
Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.
WWW
Like most things that fall off a cliff there will be a bounce. There are a lot of hopes being pinned on this being the bottom. I think that's as tragic as in Blackadder Goes Fourth when George believes the guns have stopped because the war is over and announces with delight "the Great War 1914 to 1917...."
The worlds major economies have mortgaged the future, slashed interest rates to the floor and flooded money supply. None of which is desireable. Simply to avoid anarchic economic collapse and get us this pause for breath. The flightplan to a sound, expansionary, global economy is a long and challenging one.
Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.
WWW
Join Date: Dec 2007
Location: uk
Posts: 8
Likes: 0
Received 0 Likes
on
0 Posts
Do not know what you are all worrying about, Swine flu is going to kill 49Million people in the UK, and employment will then be 99%. In addition, the USA is going to declare war on Belgium and Finland, which I fear will result in a Nuclear War to end all Wars! Go to Tesco and buy as much bread as you can NOW NOW DAMMIT SAVE YOURSELVES!!!
Actually, do not go to Tesco they are a secret organised group of communists.
Actually, do not go to Tesco they are a secret organised group of communists.
Join Date: Nov 2008
Location: London
Posts: 238
Likes: 0
Received 0 Likes
on
0 Posts
Do not know what you are all worrying about, Swine flu is going to kill 49Million people in the UK, and employment will then be 99%. In addition, the USA is going to declare war on Belgium and Finland, which I fear will result in a Nuclear War to end all Wars! Go to Tesco and buy as much bread as you can NOW NOW DAMMIT SAVE YOURSELVES!!!
Actually, do not go to Tesco they are a secret organised group of communists.
Actually, do not go to Tesco they are a secret organised group of communists.
Join Date: Aug 2001
Location: Dorset
Posts: 775
Likes: 0
Received 0 Likes
on
0 Posts
I'm investing in shotguns and turnip seeds.
If things get to be as bad as people are predicting I'll need them.
If they don't, then i'll use the shotguns to plant the turnips, then use the turnips for target practice.
If things get to be as bad as people are predicting I'll need them.
If they don't, then i'll use the shotguns to plant the turnips, then use the turnips for target practice.
Join Date: Nov 2008
Location: London
Posts: 238
Likes: 0
Received 0 Likes
on
0 Posts
BA nosedives into massive losses
British Airways has announced the biggest loss since the company was privatised in 1987.
Join Date: Mar 2007
Location: everywhere
Posts: 620
Likes: 0
Received 0 Likes
on
0 Posts
Willie Walsh making good sense and telling it how it is. No doubt somehow all the day dreaming, head in the sand brigade will call him a doom monger...... after all what does he know?!?! People looking to start training now or anytime soon should watch the video and listen to Willie Walsh, or else face a life of regret......
Join Date: Mar 2006
Location: UK
Age: 43
Posts: 228
Likes: 0
Received 0 Likes
on
0 Posts
People can still start training now, but do it slowly. Just with the ATPL stuff alone (ATPL Theory/CPL/ME/IR), you can spread it out over 5 years maximum to be within the limits. So if you've yet to get a PPL, Night rating, IMC, hour build, do it now and leave the rest until later. You can take as long as you want with the inital things, but as soon as you start the ATPL aspect, from the point of sitting the first ATPL exam, the 5 yr clock starts ticking.
I've done my flying over 10yrs.
It would be a very high risk to do integrated courses now, not modular, because you can pace yourself with the times, that's what i'm doing, rather than giving a quick view without taking into account the other aspects to consider.
I've done my flying over 10yrs.
It would be a very high risk to do integrated courses now, not modular, because you can pace yourself with the times, that's what i'm doing, rather than giving a quick view without taking into account the other aspects to consider.
Last edited by Cirrus_Clouds; 22nd May 2009 at 11:19.
Join Date: Nov 2007
Location: Polymer Records
Posts: 597
Likes: 0
Received 0 Likes
on
0 Posts
Cirrus clouds, perhaps you could also add to your most educational post details of bears' defecation habits relative to the woods, or perhaps inform us all about the religous persuation of the pope?