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British Airways Cuts Capex While Shareholders Hope for Lower Oil

Posted on July 05, 2009

British Airways (BAIRY.PK) was reviewed just two weeks ago at a share price of 136.26p. Since then the firm has released June 2009 data (using June 2008 as a benchmark), updated the market on route changes and provided a business update. The prior reported highlighted the company s no green shoots pessimism toward the market. The latest update advised:A 1.7% reduction in passenger capacity measured in available seat kilometres.A 3.8% fall in traffic measured in passenger revenue per kilometre.The passenger load factor also fell in June 09, relative to June 08, to 79.6%.Premium traffic ...

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