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[watfordhornet] 02/5/2020 13:00

Why? Surely they have to look at what is best for the company.These are unprecedented times but not many companies will have the compassion to hold onto people for the sake of it.I see IAG being ruthless and positioning themselves to benefit in the longer term. Don't forget - a lot of these employees were saying 11% wage increase was not enough a few months back. There was not much loyalty shown to the company and the strikes cost IAG hundreds of millionsThat lack of loyalty won't be forgotten

[m1k3y1] 02/5/2020 12:51

BA / IAG was already VERY efficient...the profits demonstrate that.
United BoD have said they will take 0% wages until corvid sorted.

IAG BoD only taking a 20% pay cut for 2 months.....it's laughable.

Any job losses should be on a VR basis, in addition, BA should be required to explore any loans that are available first, just as with Vueling and Iberia, prior to any job cuts.

[loganair] 02/5/2020 12:22

The problem as I see it - there are not enough companies that are being allowed to fail which would free up resources to be put into NEW more efficiently run companies which in turn increases productivity.

[jailbird] 02/5/2020 11:54

That is how I see it .But up more slots and routes to remain competitive.The big ones are getting bailouts for now .Here is a question for everyone Who do we seeing failing ?

[watfordhornet] 02/5/2020 11:45

IAG need cash to expand. There will be some incredible bargains out there. Vast majority of airlines won't survive so will be bargains

[jailbird] 02/5/2020 11:42

I agree with , it is a cull .Not just job losses , there jobs bring outsourced and also retained staff will have to sign to contracts at reduced wages The have cash and other options , but I think the BA know it will take years to recover , with less flights and passengers . Business demand will just not be there and they will be competing with EasyJet and Ryanair who will recover first .

[m1k3y1] 02/5/2020 11:28

Jailbird....we can only hope but in 42 days people could be out of a job, regardless of whether court cases are proceeding . Unless they serve an injunction to try and stop the process while negotiations go ahead.

[jailbird] 02/5/2020 11:22

Union have a case probably this time But BA will say whole airline at risk otherwise In the end BA want this sorted ASAP and implemented by by December, so the numbers and financial packages etc will be negotiated and improved

[watfordhornet] 02/5/2020 11:13

Good luck with that!

[m1k3y1] 02/5/2020 11:01

Unions taking legal action against BA / IAG.

[buywell3] 02/5/2020 08:32

buywells' turn

1. Testing V getting on planes

Blood tests at the moment are not reliable many false negatives

And who in there right mind would travel hours on a plane with hundreds of strangers come on get real

2. IAG to get loans

And what conditions are attatched ?
Do you think IAG are going to get 750 Billion Euros without making very onerous commitments to new lenders ?

3. Everything will be alright before christmas

Sorry but till a vaccine is found and everybody has had it everything is far from alright. And forget about that Gilead drug , that is not going to fix things.

4. Next year things will be OK flights at say 75%

Nope wrong again. Unemployment numbers are now looking to hit over 20% in the USA and Australia , if that is what happens in those two countries it is likely to be the same in most countries and far worse in others.

Demand for flights will be way down , the idea of pulling seats out for cargo says it all.



You guys do not seem to have grasped the import of what is happening

Global recession has arrived in spades with no end date in sight to even guess just how bad things are going to get. We are likely to see second waves of lockdowns soon as they get released too soon.

Another city in China with over 10M people in it in the north was put in lockdown last week. The USA are unlocking States too soon as the rednecks throw their obese weight around.

It is IMO very unlikely indeed that a vaccine will be given to the people before next year , and that assumes the Oxford UK testing of one proves to be a success , which is a big ask I add , and the Toxicity of such a rushed vaccine will also be a big risk , as stage 3 human trials on well over 1,000 plus people normally are done over around more than 6 months towards a year.


buywell won't be taking it for sure watch and see for 12 months first to see if people start getting heart or liver damage .

And how long will it work for ? Nobody has a clue

And when you guys say things will soon get back to 2019 ways

What is going to stop another Coronavirus developing in a wet market somewhere else in 2021 or 2022 ?

Finally did you guys know that Covid-19 has now mutated over 30 times since it first appeared.

Some of the mutated strains are very nasty according to the scientists that are testing them , and more mutations are expected.

These scientists have made the point which buywell made on LiDCO (LID) several weeks ago , that when a vaccine under current testing now is put into full scale production , as is currently happening in India with the UK Oxford Genetic vaccine , there is a chance that it will not work V some of or one of the mutations doing the rounds .

In fact many scientists are now saying Covid-19 is here to stay .

IMO dyor

[nw99] 02/5/2020 06:59

Ryanair no flights till July

[arai] 01/5/2020 18:39

Telegraph : Dubai prepares to welcome tourists from July with Emirates on 48 hour standby.

A.

[loganair] 01/5/2020 18:20

Boeing said it doesn’t plan to seek federal aid after raising a whopping $25 billion in a bond offering, with maturities ranging from from 2023 to 2060, the company’s biggest debt sale ever, as it faces what it expects to be a multi-year slump in air travel because of the coronavirus pandemic.

[m1k3y1] 01/5/2020 18:05

Logan .....if you are posting information from newspapers etc , would you mind posting the links please. TY

[loganair] 01/5/2020 17:46

Air France must reduce capacity on routes with rail alternatives, France‘s Minister for Finance Bruno le Maire said.

He explained this will mean if there is a rail alternative on a city pair with a duration of less than 2h30, these routes “will have to be drastically reduced and limited simply to transfers to a hub”.

2h30 by high speed train is the approximate equivalent of flying 50mins which would be flying London to Newcastle.

[loganair] 01/5/2020 17:01

Lufthansa aims for autumn restart ‘at the earliest’.

Lufthansa Group will remain grounded throughout the summer and does not expect a new market “balance”; to be found until 2023, chief executive Carsten Spohr will tell the company’s annual general meeting on 5 May.

Even in 2023, the carrier believes that passenger demand will be significantly below pre-Covid 19 levels.

Adapting to a significantly smaller market, Lufthansa will remove older, less environmentally sustainable aircraft, reducing the fleet by around 100 jets, and is negotiating with manufacturers to postpone deliveries of new equipment.

Such cuts will leave the group with around 10,000 excess staff, opening up the possibility of large-scale redundancies.

Fixed costs for staff, aircraft, fuel hedges and material mean that for operations alone the carrier is currently burning through around €1 million per hour.

Demand for cargo flights is the only bright spot, prompting Lufthansa to remove the seats from four Airbus A330s so that they can be used for freight operations.

[loganair] 01/5/2020 16:55

German Government to take 25.1% stake in Lufthansa - Der Spiegel

Lufthansa is negotiating a 10 billion euro bailout that would result in Germany taking a 25.1% stake in the airline, weekly paper Der Spiegel said on Friday.

Of that total, 5.5 billion euros would be in the form of non-voting capital, for which the German government wants a coupon of 9%, the paper said.

A further 3.5 billion euros in loans would be provided by state bank Kreditanstalt für Wiederaufbau (KFW), the paper said, adding that Belgium, Austria and Switzerland might contribute towards the bailout.

[loganair] 01/5/2020 16:52

BA has told pilots that they will need to sign new contracts on reduced terms, and that other staff will also be forced to accept reduced pay rates and working conditions.

In a memo to staff, Alex Cruz, the BA chief executive, said: “There is no ‘normal’ any longer.

“We do not know when countries will reopen their borders or when the lockdowns will lift, and so we have to reimagine and reshape our airline and create a new future for our people, our customers and the destinations we serve.”

[loganair] 01/5/2020 16:47

Ryanair said all of its flights will remain grounded until “at least July”.

[loganair] 01/5/2020 16:44

Norwegian Air bondholders reject debt conversion plan.

OSLO - Some of Norwegian Air’s bondholders have rejected a proposed debt-to-equity swap, the airline said on Friday, casting doubt on the plan seen as vital to help the indebted carrier survive the COVID-19 pandemic.

[m1k3y1] 01/5/2020 13:14

Nationalisation is a disaster .......UK GOV can offer commercial loans, on a favourable basis and then everyone benefits.

In addition, fewer job losses and as a result , fewer employees on Universal credit, jobseekers allowance etc etc .
UK GOV's focus should be about keeping people in employment, not increasing the jobless numbers.