International Consolidat... Share Discussion Threads

[m1k3y1] 19/5/2020 16:38

The FT
UK bailout scheme companies barred from paying bonuses and dividends

[applepieinthesky] 19/5/2020 16:21

Rights issue

[nw99] 19/5/2020 15:59

Greece opening up to U.K. holidays bullish iag

[silkstag] 19/5/2020 14:11

There are about 25,000 passenger planes on earth. Is the big news that the distant planet Flyngon has just offered to buy 10,000 of them at 100% of earth book value? If not, IAG is still bust imho.

[m1k3y1] 19/5/2020 14:01

British Airways vs Cabin Crew: A Lot Of People Are Missing Two Key Points

[applepieinthesky] 19/5/2020 13:50

Horrible company run by Mobsters

[azalea] 19/5/2020 12:47

sift12
Sunak was Chief Secretary at the Treasury immediately before becoming Chancellor. He ia very astute money wise and politically aware government minister: whom I firmly believe will become PM when Boris stands down.

[qantas] 19/5/2020 12:21

Https://news.sky.com/story/easyjet-nine-million-customers-details-accessed-by-hackers-11990962

[arai] 19/5/2020 11:54

Another bout of profit taking and a depression of share price will now begin. I have just bought back in.

[ny boy] 19/5/2020 10:19

Cheap as chips..keep accumulating on dips or gift from the gods dips.

Another ridiculously cheap stock (HMSO) an easy x2 Imo dyor

[smithys2019] 19/5/2020 08:02

Back up to 200. Looks like we are back to that level of support.

[nw99] 19/5/2020 07:46

Air bridges good news for the Airlines , slowly going back to normal

[jailbird] 18/5/2020 20:08

Well M1 and 962962 .Looks like we are ex-employees here Some have been longer ex than others:-)

[hamhamham1] 18/5/2020 20:01

Did Monty miss his chance to buy super cheap???
:)

[hamhamham1] 18/5/2020 19:36

Gonna be another nice day for the markets tomorrow !

[m1k3y1] 18/5/2020 16:06

Lots of info on this just Google.

[jailbird] 18/5/2020 15:33

962962,

I know where you coming form.

BA always paid pay rises plus bonus if Co made a decent profit..

IAG bonus' are totally different.Someone on 50k gets minimum 5k bonus..so minimum 10% ..unheard of before IAG contracts came about.

[m1k3y1] 18/5/2020 15:27

Unless you are management, in which case you bonus was or will be calculated differently and invariably with a greater return.

I never understood why managers or even the BoD should receive a greater bonus than other employees given that everyone is contributing to the success of the business.

Frankly, BA has always been the major contributor to the IAG coffers and I suspect could have done just as well, if not better by not being part of the IAG group.

[962962] 18/5/2020 15:18

Jailbird.Lets get this right.It wont be a lot of ba contract staff not getting 10-20% Bonus it will be in excess of 95%+.I did 44yrs service.Started as BEA a few years before the merger.Now i will tell you how the staff bonus (subject to profit works)
BA put a minimum profit in place.Above that figure all/100% of staff get a bonus.That bonus goes up in stages,the more profit above the threshold the bigger the bonus,and it is assessed as weeks pay.This has been in the past anything up to of 5/6 weeks pay but could be less.
The problem that there has always been,is it is YOUR weeks pay,so a highly paid pilot will receive more than a lowly paid ramp worker,but everybody gets something.As a point.probably 20yrs or so ago,somebody came up with the idea that the system should be changed and a total pot should be thrown into the ring,and equally divided between the total number of staff,so everybody got the same ammount.Well suprisingly that went down like a lead balloon,and no prizes for guessing who were very much against it.Now those are the facts,not guesswork,not "I've heard from" and not a fairy story,the facts.

[m1k3y1] 18/5/2020 15:06

Cruz will not have autonomy regarding this situation, although it appears that the IAG PR machine is working to try and deflect the attention from Walsh.

The costs of this redundancy , new contract implementation will have to have been approved by the BoD of IAG, although the operation and implementation of it will be down to Cruz.

[jailbird] 18/5/2020 14:48

962962,

agree with your last comment

Cruz ran the shambles of an alriline Vuelling..one of the poorest service airlines

He has no respect amongst BA employees