Recovery still some way off, says Eddington
British Airways boss Rod Eddington has given an ‘unexpectedly gloomy’ speech to City business analysts, telling them that ‘real recovery is still some way off’.
According to a report in The Guardian, the speech was responsible for a massive sell-off of shares in the company, leading to a drop in price of some 5% and reducing the company’s value by some £100 million within hours.
The Guardian reports that Eddington told the audience at UBS Warburg’s transport conference: “Much has been said in the last few weeks about how things are getting better. Those outside the industry might even believe that times are good. I do not share that view.
“We need a sustained period of uneventful air travel and economic recovery before we talk of really turning the corner. Yields continue to be weak in spite of little capacity growth and demand is very sensitive to price, falling away quickly when we try to raise fares.”
The newspaper reports that yesterday’s fall in BA’s share price – down 10p to 190.25p – was the biggest of all companies in the FTSE 250 index.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
TAP Air Portugal to operate 29 flights due to strike on December 11
Qatar Airways offers flexible payment options for European travellers
Airbnb eyes a loyalty program but details remain under wraps
Air Mauritius reduces frequencies to Europe and Asia for the holiday season
Major rail disruptions around and in Berlin until early 2026