Word: baing
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...holiday on Saturday. "It will happen," he said, contending that the Iraqi High Tribunal that tried Hashem is an independent special court that does not require a presidential signature to carry out its orders. If Hashem is hanged, it will likely be along with two other Ba'athists convicted as war criminals, notably Ali Hassan al-Majid, known as "Chemical...
...opening of T5, as the new terminal is known, should help tackle another of BA's weaknesses: its much criticized hub. "BA has a fundamental challenge none of its European peers suffer from," says Chris Avery, an airline analyst at JPMorgan in London. "Heathrow is stretched to its limits." Conceived for 45 million passengers a year, it sees almost 70 million annually endure its crowded terminals and snaking lines. Airlines wait longer for gates to clear, and creaking baggage-handling equipment is prone to breakdowns. Though it can't ease runway congestion--Heathrow's "Achilles' heel," says Avery...
...challenges of the past couple of years, BA is facing perhaps its biggest test yet of the Walsh era. The airline's shares have plunged almost a third since February, owing partly to worries that liberalization of the transatlantic market next year will cut into its profits. Under current rules, only BA, Virgin, American Airlines and United Airlines can fly to and from the U.S. via Heathrow. For BA, that restricted access has been a gold mine. In the wake of 9/11, BA "rightly used the cartel of Heathrow to the U.S. to generate a large proportion of recovery...
...under the Open Skies agreement, drawn up by Washington and Brussels, starting early next year any E.U. airline will have the right to fly to any city in the U.S., and vice versa. With U.S. rivals Delta and Continental expected to invade Heathrow next year, "BA's business-class fare is going to be under considerable pressure," says JPMorgan's Avery...
Walsh will have to push hard into other markets to compensate for this hit. Next summer BA plans to launch a new service between the U.S. and major business centers in Continental Europe, flying reconfigured 757s from its existing fleet. While Walsh is guarded about the details, "getting a new airline up and running in a little over 12 months," as he sees it, "is a great test of how quickly we can respond." And if things take off, he's even promising to share the acclaim...