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[wilc42] 07/10/2019 12:38

Have these

[ariane] 07/10/2019 12:37

Ham

as usual good points


For me, the key question might be, when will the market pump up the volume

hamhamham1
7 Oct '19 - 12:27 - 11321 of 11321
0 0 0
M1. And if trump sort a deal out, the markets go up amd then he would have no chance of getting interest rates fown before he can try and pupm the marlets during the november 2020 election run up

COULD BE LATE MARCH 2020

WHAT THINK YOU REGARDING TIMEFRAME

We can certainly expect the TRUMP TWEET EFFECT AS WE APPROACH P RESIDENT ELECTION DAY

[m1k3y1] 07/10/2019 12:36

ham.....Chump is desperate to agree a china deal before the elections next year.
China banking on Chump not being re-elected, or being impeached and looking to agree a more favourable deal with whoever replaces him.

[hamhamham1] 07/10/2019 12:27

M1. And if trump sort a deal out, the markets go up amd then he would have no chance of getting interest rates fown before he can try and pupm the marlets during the november 2020 election run up

[montyhedge] 07/10/2019 12:18

I thought figures were superb, considering 3 day of strikes, planes out of position either side of strike dates. Revenue per passenger Domestic includes Spain etc, up 11%, Latin America, Caribbean up 14.9%.
Much better than I thought they would be.


Looking good for another bumper dividend next month.

[m1k3y1] 07/10/2019 12:12

ham......this china situation goes up and down like a yoyo !
If there aren't people connected with this who are making substantial sums of money from the continual ups and downs I would be surprised !

I can see no reason for China to agree to anything with Chump , until the US elections have been decided.

[hamhamham1] 07/10/2019 12:05

Looks like the scope for China US trade deal has decreased. China protecting it's state funding of companies and also it's industrial policy. Both off the table.
Big blow for trump.

[m1k3y1] 07/10/2019 11:54

take_that...thank you for your reasoned argument.
There are quite a lot of BA Pilots who live in France and other European countries, to avoid paying UK tax.
This has been going on for years and yes some cabin crew but not many, do the same thing.
The cabin crew though are due to BA recruiting from EU countries.

EASA has made it more difficult for BA Pilots to live overseas, as I understand it and who knows what Brexit will bring.

I agree with you about the self inflicted cost implications of IT meltdowns, T5 Launch etc etc and have no doubt that some of it can be attributed to cost.
I am a great believer in rewarding employees where justified BUT my issue with the pilots is that they are already very well rewarded when compared to other BA employees. Their benefits are substantial and it is about time that BA addressed this disparity . If Pilots wish to go and work elsewhere they are free to do so but they won't because they know when they are on to a good thing.

So, BA is left in a position where if they agree to the Pilots demands, it weakens them in future negotiations and will cause problems with agreements it has already reached with the other bargaining groups. It will of course result in both sides having to agree to a deal that achieves only some of what is on the table but that is the nature of negotiations. Whatever the result, they need to move forwards with it.

[hamhamham1] 07/10/2019 11:47

It's a general sector rise, look at other airlines. This isn't a rise because of the capacity figures.

[toon1966] 07/10/2019 11:40

Monty is putting a huge emphasis on the monthly traffic and capacity reports but given IAG's recently announced profits warning is this really an issue? IAG announced profits would be lower by �130M than originally predicted. Lets hope there are no more strikes, otherwise IAG will be forced into further profits warnings.

[montyhedge] 07/10/2019 11:37

Shareprice talks this shouting something. Bears have been caught wrong footed it seems.

[wilc42] 07/10/2019 11:35

Up 1%. Does the market have pre intel ?

[hamhamham1] 07/10/2019 11:17

Monty. Can smell your desperation to buy back in cheaper. You post more as the share price goes up and out of your grasp.

[montyhedge] 07/10/2019 11:15

Probably everyman and his dog short going into T and C at 12pm. Not rocket science to figure out won't be brilliant with 3 days of strikes and planes out of position, etc. What could happen, figures half decent and bears close positions taking their losses, pushing higher to 465p. All will be revealed.

[toon1966] 07/10/2019 10:38

GM workers in the US enter fourth week of strike action. BA you are warned.

[toon1966] 07/10/2019 10:30

Perplex- a reminder on wage growth in the UK -

[montyhedge] 07/10/2019 10:29

Awaiting T and C can't see them being brilliant for September, with strikes, planes out of position etc.

[m1k3y1] 07/10/2019 10:27

take_that.......if you are going to compare pilot salaries in other countries, you also need to look at the benefits they receive and the GDP / living costs in those countries. In addition, a great number of BA pilots live in other countries, i.e. France, Toulouse, where they benefit from lower tax thresholds. This isn't something that your average employee can do because pilots benefit from the ability to fly anywhere very very cheaply.

You also continue to mention pilots "made productivity increases for no net return.".
I have posted a number of times, that it is not just the pilots who agreed productivity increases to help BA. All employees did.

Lastly, I agree that a resolution needs to be found for everyone's benefit BUT if BA succumb to the Pilots demands now, what will they do when the pilots come back for more. As they surely will.
How does BA protect itself from being held to ransom, by the pilots, at anytime in the future.

[take_that] 07/10/2019 10:00

PI I agree, it’s not a bad uplift but it’s not a ridiculous one as far as I can see. Virgin pilots are looking to strike over Christmas. I’ve researched what other airline pilots earn in BA to the UK, Europe and around the world. There is quite a disparity between the UK and Lufthansa, Air France, KLM, Emirates, United, etc even Aer Lingus if you take into account final salary pensions and the like even without taking exchange rates in to account.

This is why I believe the pilots are going to stick it out. For people that work in an office, to know that your counterpart in a rival office in another town is earning circa 20% more you’ll try and get your terms improved by threatening to apply there. For these guys, geographic distances I’d imagine are not as restrictive, so other countries don’t make a huge difference and I gather quite a few live overseas anyway.

Also part of their claim is the uplift for the bad times when they made productivity increases for no net return.

What I would like to see is this resolved as soon as possible and the prospect of known costs for the next 3 years, rather than the threat of this hanging over IAG. The mixed fleet strikes were proved to be for the most part, ineffective and BA could navigate around them. The pilots though are a different problem altogether and we’ve seen what carnage they can cause. Far better to keep them onside and make large profits in the interim. When the bad times come, it’ll probably coincide with their 2022 pay review and then it’ll be far easier for IAG to say that they can’t afford it, if they aren’t making £2,000 million profit at that time!

[m1k3y1] 07/10/2019 09:49

cyberian.....given the problems in Hong Kong at the moments and the sacking of CP crews,I would not be surprised if CP in some way becomes a target of peoples frustrations and as a result, faces a substantial loss of income.

[cyberian] 07/10/2019 09:42

I wish BA would now take the initiative with BALPA, and pre-empt further action by the latter...the issues need to be resolved, and not allowed to fester...but just my opinion. Personally I continue to find the BA service OK...other airlines are tightening up costs and I know that there are big issues and potential problems at Cathay Pacific where the Chinese are trying to gain greater control. Morale at CP is also rather down at at present, although their service is still more or less OK.

[m1k3y1] 07/10/2019 09:39

Perplex......The pilots can of course always buy shares in the market with the bonuses that BA are giving them. Unless they are after some kind of discounted benefit, over and above the 11.5%% they are being offered.

[take_that] 07/10/2019 09:37

Agree to disagree.....and then filter??? Obviously struck a nerve when I asked them to put up or shut up.Trader only forum??? Where does it say no Investors allowed?No time to right wrongs, not when you spend a career on here writing wrongs eh Monty.Oh and boyband name, so the school boy has resorted to name calling now. Watch out girls he'll be pulling hair soon in the playground. My take_that was around way long before the pop group, although I've never had to justify it.