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british airways sends the ftse up up and away

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    Nov. 7 (Bloomberg) -- British Airways Plc, Europe's third- largest carrier, gained the most in at least 20 years after raising its revenue forecast and saying it will trim summer flights, raise prices and complete a job-cutting program.

    The airline's stock advanced as much as 28.6 pence, or 22 percent, to 159.10 pence in London trading, the biggest jump since at least Sept. 12, 1988, and was up 12 percent as of 8:54 a.m. The shares have dropped 53 percent this year, valuing the airline at 1.68 billion pounds ($2.64 billion).

    Ford and GM results to come, plus employment report.

    Flat or 100-300pt Green DOW tonight, I would have to say, after 2 x 500pt Dow dumps in succession...

 
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