Every year, British Airways parent company, IAG, holds an investor day for the financial community to update it on what is happening.
The slides from this are always made available to the public, and you can access them here (look under the IAG tab). It is less painful than sitting through the entire five hour conference call!
Here are a few highlights from the slides:
BA profit expected to reach £1.3 billion in 2015
Passenger numbers are still 10% lower than they were in 2001
Additional seat rows are to be squeezed into short-haul aircraft by introducing thinner seats
British Airways will consolidate in Heathrow T3 and T5 by Summer 2015, leaving Terminal 1
The Boeing 747 fleet will continue to shrink, reducing to 39 by 2015 and 31 by 2018 (currently 49)
The seven (leaky!) long-haul Boeing 767s will all be retired by 2018
Three new short-haul aircraft are on order to expand London City
The Boeing 737 aircraft at Gatwick will be replaced by modern Airbus aircraft by 2015, and an additional Boeing 777 will be assigned from Summer 2014
Only 7% of UK businesses which have staff who fly are members on the OnBusiness loyalty scheme
There is also lots of stuff on the issues at Iberia and the developments at low-cost carrier Vueling.
There was no mention of Vueling becoming a BA partner, though, even though it has more and more UK departures and you can already earn and spend Avios via Iberia Plus. I didn’t know that Vueling is already the biggest airline operating out of Barcelona and the 3rd biggest out of Paris Orly. There is even a Hotel Vueling in Barcelona now!
Vueling is also rolling out on-board Wi-Fi in 2014, which will put it ahead of BA and Iberia, embarrassingly ….