BA results could see investors losing patience

No guidance on future recovery from BA should signal warning signs for investors says The Share Centre.

Graham Spooner, investment adviser at The Share Centre, comments on what investors should do following this morning's BA results, which have already seen its share price drop.

"Today's results were as bad as expected. BA has suffered from lots of problems, such as the weak pound, holiday makers staying closer to home and rising fuel costs, many of which are out of its hands. However, BA has also failed to provide any guidance on future recovery and continues to face very difficult trading conditions such as the volatility of oil prices.

"As a result, investors are justified to feel uncertain about what to do next. Those who have held it since privatisation, in particular, could be running out of patience with this once great British brand.

"We suggest that some shareholders may still want to keep BA as a long term hold. However, new investors should avoid buying into the sector while it's so volatile."