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February 11, 2008 |
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BRITISH AIRWAYS: JP Morgan Maintains Neutral Rating on Firm JP Morgan analyst Chris Avery has kept his "neutral" rating on British Airways Plc's shares, Newratings.com reports. According to Newratings.com, Mr. Avery said in a research note that British Airways had healthy third quarter results. Mr. Avery told Newratings.com that British Airways' first detailed guidance for fiscal year 2009 would have a significant earnings decrease. The Reuters consensus for fiscal year 2009 is below 2008's numbers, Newratings.com says, citing JP Morgan. It doesn't take into account the effect of a possible recession in the US. Earnings per share estimates for 2008 and 2009 were decreased to 52.67 pounds from 55.67 pounds, and to 32.10 pounds from 44.97 pounds, respectively, Newratings.com states. Headquartered in West Drayton, United Kingdom, British Airways Plc -- http://www.ba.com/ -- operates of international and domestic scheduled and charter air services for the carriage of passengers, freight and mail, and provides of ancillary services. The British Airways group consists of British Airways plc and a number of subsidiary companies including in particular British Airways Holidays Ltd. and British Airways Travel Shops Ltd. BA has offices in India and Guatemala. * * * As of Jan. 2, 2008, British Airways Plc carries a senior unsecured debt rating of Ba1 from Moody's Investors' Service with a stable outlook. |
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