British Airways could plunge to 120p, warns analyst

British Airways shares could fall to as low as 120p amid a soaring fuel bill, weakening traffic figures and the ongoing problems at Heathrow’s Terminal 5, a leading City analyst has warned.

BA shares fell 8 to 215


Although her earnings downgrade was less severe than the 13.4p suggested by UBS, she took a much more bearish stance on the stock.

She said March’s traffic figures were “weaker than expected” and remained “concerned about BA’s exposure to the financial services industry”.

She suspected the