Zignals Stock Charts: British Airways

Zignals Blog examines British Airways plc (ADR) (OTC:BAIRY) now trading at $21.45 a share - given the strong bearish conditions, are there any opportunities on the long side?

Airlines continue to struggle as cheaper oil prices aren't offsetting the losses from lower consumer travelling. From the FT.

    British Airways reported a loss for its third quarter and in the first nine months, and warned the deficit would deepen for the full year.

Business travelling hardest hit

    The plunge in demand for travel from premium business travellers, one of the most important sources of profits at BA, had worsened in the current fourth quarter with premium passenger traffic dropping by 13.7 per cent in January, it said.

Although the back-of-the-bus has held up well

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SOURCE: http://zignalsblog.blogspot.com/2009/02/zignals-stock-charts-british-air...