Only a Brief Respite for Wee Willie ; City Spy Cityspy@Standard.Co.Uk

Summary

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AS the weekend press bent with the wind to laud Willie Walsh, suggesting they never thought, oh no, that the British Airways chief executive should head for the departure lounge over Terminal 5, so the size of the cyclone coming to engulf the wee Irishman is only just emerging.

Detailed analysts' notes after BA results briefings show: fares will have to be lifted at least 10% to go anywhere near offsetting rising fuel prices; the carrier will have to start cutting costs and laying off crew as it flies fewer planes next winter, on top of the 2000 staff set to go at Heathrow once the T5 move is complete; and most serious analysts rate the stock a sell because despite fares rises and cost cuts, the airline still won't make anything like a profit this year.

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Only a Brief Respite for Wee Willie ; City Spy Cityspy@Standard.Co.Uk

So th...

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