International Consolidat... Share Discussion Threads

[smithys2019] 18/5/2020 09:25

962, no they didn’t. It was a major part of last years strike demands. No shares payout since IAG took over.

[hamhamham1] 18/5/2020 09:06

Those Lamprell done nice ;)
And the AA, Aston Martin, Eddie Stobart ;)

[962962] 18/5/2020 09:02

jailbird.I did work for the airline,and believe me,other than tis year, ALL BA staff received a profit share bonus.

[jailbird] 18/5/2020 08:18

Monty,

Unless you worked for the airline, you do not quite get the politics.

You are talking as an outsider and share investor who could be investing in any AIM or FTSE stock

[jailbird] 18/5/2020 08:15

There is news out that the virus is petering out..wells some strains are it seems

The B type has since become the predominant version. The A type has largely petered out, as has the third variant, C, which mainly took hold in Singapore, South Korea, Hong Kong and in scattered areas around Europe.

[jailbird] 18/5/2020 07:42

Monty,

It was booms times for IAG then..the BoD were making millions on bonuses.

BA staff were not getting these bonuses , only IAG across the airline staff were, who incidentally were a very few number.

Pilots wanted some of the rewards from the profits.
These was an issue not just of pilots, many BA staff were not happy with this setup either.

[montyhedge] 18/5/2020 06:25

Emirates don't have trouble with unions, IAG it's a nightmare, they cost IAG 125m 6 months ago, when 11.5% not enough. How times change.

[thamestrader] 18/5/2020 01:10

Dubai has a massive new airport, who was this built for if not Emirates? Surely a runway closure at the old DXB shoukd have minimal impact.

[qantas] 17/5/2020 22:01

Https://www.theguardian.com/business/2020/may/16/easyjet-stelios-haji-ioannou-creates-atmosphere-forced-meetingPlease do your own research as always

[loganair] 17/5/2020 21:38

Emirates airline on Sunday said that it has not made any announcement regarding mass layoffs at the airline.

The statement came after Bloomberg News reported that the Emirates Group was planning to cut about 30,000 jobs to reduce costs.

“No announcement has been made regarding mass redundancies at the airline. Any such decision will be communicated in an appropriate fashion,” Emirates spokesperson told Gulf Today on Sunday.

Meanwhile, Emirates Group has recently announced its 32nd consecutive year of profit, against a drop in revenue mainly attributed to reduced operations during the planned DXB runway closure in the first quarter, and the impact of flight and travel restrictions due to the COVID-19 pandemic in the fourth quarter.

Released last week in its 2019-20 Annual Report, the Emirates Group posted a profit of Dhs1.7 billion ($456 million) for the financial year ended 31 March 2020.

The Group’s revenue reached Dhs104.0 billion ($28.3 billion). The Group’s cash balance was Dhs 25.6 billion ($7.0 billion), up 15% from last year mainly due to a strong business performance up to February 2020 and lower fuel cost compared to previous year.

[jailbird] 17/5/2020 21:38

Emirates Considers Cutting 30,000 Jobs, Retire A380s Faster https://www.bloomberg.com/news/articles/2020-05-17/emirates-said-to-consider-30-000-job-cuts-retire-a380s-faster

[jailbird] 17/5/2020 21:22

This is huge Airline giant Emirates Group is on the verge of slashing 30,000 jobs, Bloomberg has reported.The savage cuts come as the operator of the world's largest long-haul carrier seeks to reduce costs after the coronavirus pandemic grounded air travel.The group could reduce the number of employees by about 30%, Bloomberg says. Emirates currently has more than 105,000 workers.

[m1k3y1] 17/5/2020 21:15

Heathrow boss urges plan to restart flights between low-risk countries

[962962] 17/5/2020 14:57

m1k and logan.Nice to see that you both agree on one thing.But away from the BOD,and in the work place could that not be said about the pilots.Think it was 1945 George Orwell publishd Animal Farm.Best quote from that book "All animals are equal,but some are more equal than others".

[m1k3y1] 17/5/2020 14:43

logan....."BOD hardly ever reduce their pay and conditions as they usually think more highly of themselves and their abilities then they actually are."


on that we totally agree.

[loganair] 17/5/2020 14:31

BA only made their first £1bln profit in 2015, while in 2012 they only made £233mln.

If BA do not quickly adjust themselves and their costs for the next 10 years they'll very quickly see their profits dwindle away.

BA's crews terms and conditions are some of the highest in the aviation industry, all they are doing is to bring them more into line with other airlines to be able to compete with them over the next 10 years.

BOD hardly ever reduce their pay and conditions as they usually think more highly of themselves and their abilities then they actually are.

[m1k3y1] 17/5/2020 14:20

logan.......you seem to think that IAG (who has been making billions for 9 years) is incapable of continuing to make profits unless they effectively sack everyone and decimate their terms and conditions of employment.

Strange then, that IAG are not planning the same strategy with the BoD who are not receiving the same changes to their own pay and remuneration.......guess things can't really be that bad then.

This is nothing but opportunistic exploitation of the Employees and the Covid-19 situation by Walsh.

[loganair] 17/5/2020 14:12

BA is looking forward for the next 10 years and therefore they are positioning themselves accordingly.

Most European airlines are not as over manned and crews so over paid as BA is and therefore they need to reduce the salaries of their aircrew and their number to be more commensurate to other airlines is they want to remain highly profitable.

[jailbird] 17/5/2020 13:53

https://news.sky.com/story/coronavirus-heathrow-boss-reveals-future-of-travel-could-include-immunity-passports-11989817

[962962] 17/5/2020 13:53

m1k.Are you waiting to get your start date for reception or 1st year primary school.BA are NOT forcing people to tear up old contracts.They MAY be ASKING people to voluntarily sign a new contract,but that will be their choice.Same as historically Mixed fleet crew,they applied for the job on advertised terms,If they were lucky enough to be accepted,and believe more were rejected than successfull,it was upto those individuals to accept or decline.It's a bit like last nights lottery,I didn't win,but i cant't get a refund for picking the wrong numbers.

[loganair] 17/5/2020 13:50

m1 - You're looking backwards whereas I'm trying to look forwards with a 20% plus reduction in BA's most profitable area of First and Business class travel therefore BA need to cut capacity, cut aircrew numbers and costs.

A340's are very expensive aircraft to fly as they have 4 engines to maintain while at least the B747 has far better cargo carrying capacity and therefore has a second hand market.

The new A350 is 38% per passenger per mile cheaper to fly then they B747-400 is and it has a far greater range.

[m1k3y1] 17/5/2020 13:41

British Airways And Iberia Could Accelerate 747 And A340 Retirement Due To Coronavirus

[m1k3y1] 17/5/2020 13:37

Logan.........wrong again.
I think you need to look at IAG's profits for the last 9 years.
I think they have been doing very well and I do not see anything changing.

Academics often print a lot of facts and figures that don't come to realisation.