BA's value rises with landing slots
British Airways has begun accounting for purchases of valuable take-off and landing slots at Heathrow airport with the potential of hugely increasing its net asset value.
British Airways has begun accounting for purchases of valuable take-off and landing slots at Heathrow airport with the potential of hugely increasing its net asset value.
Read more: BA ditches final salary scheme
According to its first quarter results the airline has begun accounting for the slot acquisitions in the balance sheet. The move has been approved by both its audit committee and its external auditors, Ernst & Young.
The decision comes as the acquisition of more prime Heathrow slots becomes an urgent priority at the highly congested airport.
BA, the leading operator at Heathrow, controls around 39% of total slots. The new category ‘landing rights’ under intangible assets included in its results valued the rights at £42m.
The numbers you crunch tell a story. Your expertis...
22yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThis follows an investigation into undisclosed personal loans and issues with an acquisition. Despite challenges, the company aims to achieve £1bn in ...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThere is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleKPMG confirms reappointment of it's UK chair, while EY announces Janet Truncale as the next EY global chair and CEO Read More...
View articleThe ICAEW has announced the appointment of its forthcoming chief executive Read More...
View article