British Airways (BA)
Former BA trustees vow court battle over move to CPI
The former trustees of the BA Airways Pension Scheme have vowed to take the scheme to court over its controversial move to stop paying pensions in line with RPI inflation
Bilateral counterparty risk with application to CDSs
Previous research on credit valuation adjustments (CVAs) with correlation between underlying and counterparty default, including volatilities of both, assumed unilateral default risk. However, the crisis prompted counterparties to ask institutions to…
Flight plan
British Airways' Group treasurer, George Stinnes, talks to Alexander Campbell
Non-US airlines profit from low-flying dollar
The weak dollar is giving airlines outside the US some relief from the impact of high fuel costs, according to their latest financial results, reports Risk’s sister publication, FXWeek .
Dow Jones unveils Trac-x Europe high-yield index
Dow Jones Indexes today gave details of the portfolio for the new Dow Jones Trac-x Europe high-yield index. The index consists of the 25 most liquid European high-yield credit default swaps, and contains many well-known names such as British Airways,…
Strong Q2 causes BA protection cost to narrow 200bp
The cost of credit protection for British Airways (BA) has tightened by 200 basis points to 725bp following surprisingly strong second-quarter earnings figures released yesterday. The airline beat market expectations by pulling off a financial turnaround…