No wedding date in sight

7 November 2008 By Fiona Maharg-Bravo

The two airlines have more than enough to do on their own. They should focus on dealing with the current bleak market. BA will find it hard to fulfil its hope of ending the year in the black. Calculating merger ratios now would be tricky, and a dangerous distraction.

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British Airways said it expects to make a small operating profit in the year to March 2009 on the back of a stronger dollar and higher ticket prices. The UK airline previously expected to break even. Sales should grow by 4% this year, against a previous estimate of 3%.. Nonfuel costs will increase by 5% this year, compared with an earlier estimate of 3%, the airline said today in a statement. BA maintained the company's fuelbill estimate at £3bn.

The airline said it will cut capacity in the summer 2009 schedule by 1%, and has revised our capital expenditure forecast to £550m (previously £650m) for the year.

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