International Consolidat... Share Discussion Threads

[sarkasm] 10/10/2019 20:18

the guardian


British Airways
Willy Walsh urges BA boss to 'make a deal' and resolve pilot strike

CEO of airline’s owner, IAG, says it is frustrating to be on sidelines of pay dispute

Gwyn Topham Transport correspondent
@GwynTopham

Thu 10 Oct 2019 19.49 BST
Last modified on Thu 10 Oct 2019 20.13 BST

Shares
16
British Airways pilots went on strike for two days in September for the first time in the airline’s history
British Airways pilots went on strike for two days in September for the first time in the airline’s history Photograph: Dan Kitwood/Getty Images

The chief executive of British Airways’ owner has expressed sympathy for striking pilots, and urged – with thinly veiled criticism – the airline’s boss to “get involved” to negotiate a deal.

Willie Walsh, the chief executive of IAG, raised hopes for a resolution to a pay dispute that saw the first pilot strikes in British Airways history, admitting it was “frustrating for me at times” to be on the sidelines of the dispute. He said it was a matter for BA’s management, but added that there was a “deal to be done” and he was “sure pilots’ issues could be resolved”.

Speaking in Toronto, Walsh suggested he would have handled pilots “concerns and frustrations” differently from the BA chief executive, Alex Cruz, adding: “I probably understand their issues better because I used to be a pilot.

“If I were there I would probably want to address those.”
British Airways pilots call off second September strike
Read more

Asked whether Cruz had his backing, Walsh said: “Alex is the CEO. He’s the boss, he has responsibility.̶1;

Invited to express confidence, Walsh said: “I don’t use football analogies.”

BA pilots went on strike for two days last month, causing virtually all of the airline’s scheduled flights to be cancelled on 9 and 10 September. A third day of action was called off but only after BA had cancelled further flights.

IAG issued a profit warning last month, saying the cumulative impact of the industrial action had led to 2,325 flight cancellations over the whole period, and to other losses due to rebookings, with an estimated net financial impact of €137m (£121m).

Speaking on Thursday to mark the launch of the new Airbus A350-1000, which has just entered service on the transatlantic route, Walsh said: “People say when you get to an industrial dispute, there are failings on both sides.
Why are British Airways pilots going on strike for the first time?
Read more

“It’s always easy to say that’s not what I would have done … but they [BA management] made a genuine effort.”

Walsh said there was a fine balance between needing to protect the brand and the financial resilience of the airline.

He said he gave Cruz credit for reaching agreement with other unions in the pay negotiations, adding: “But I would like to see this issue with the pilots resolved, I don’t think it’s in anyone’s interests for it to continue. I’d encourage the BA management team to get involved.”
Sign up to the daily Business Today email or follow Guardian Business on Twitter at @BusinessDesk

The pilots union Balpa said it was still hoping to meet BA management for talks at the Advisory, Conciliation and Arbitration Service, but that it reserved the right to set more strike dates. The union has a mandate for further action until January.

Balpa has sought a profit-sharing scheme rather than the 11.5% pay increase over three years in a deal offered by BA. Pilots argue that they should be compensated for cuts to pay and pensions accepted when BA was struggling. Walsh said: “I can understand the argument; I don’t think it’s necessarily accurate.” He said that unions had agreed to pay cuts rather than redundancies.

Walsh added that he did not believe the third runway at Heathrow, where IAG operates more than half of all flights, would now be built. “They now have two major issues that I struggle now to see how they can overcome, the cost of expansion and the environmental impact,” he said.

[montyhedge] 10/10/2019 19:41

All we know boys, when pilots eventually come to their senses and do a deal, straight through 500p.31st Oct IAG figures and Brexit day, going to be fun.

[montyhedge] 10/10/2019 19:38

Adrian j Boris
You were filtered months ago so your wasting your time posting to me, whatever negative thing your saying. Lol

[adrian j boris] 10/10/2019 19:35

montyhedge
10 Oct '19 - 19:33 - 11445 of 11445 (Filtered)


0 0 0


another idiot post

[adrian j boris] 10/10/2019 19:19

m1k3y1
10 Oct '19 - 19:16 - 11443 of 11443
0 0 0
adrian.....
I can't post the whole article due to copyright but this link takes you there and you can log in to get a few free articles.


I am still buying IAG, think it is a great investment share long term.
I don't day trade, so others may say otherwise.



cheers
tend to agree

[m1k3y1] 10/10/2019 19:16

adrian.....
I can't post the whole article due to copyright but this link takes you there and you can log in to get a few free articles.
hxxps://www.thetimes.co.uk/article/willie-walsh-backs-striking-ba-pilots-and-says-a-deal-can-be-done-bm7lhpxt7

I am still buying IAG, think it is a great investment share long term.
I don't day trade, so others may say otherwise.

[adrian j boris] 10/10/2019 19:05

m1k3y1
10 Oct '19 - 19:02 - 11441 of 11441
0 1 0
adrian j........
I thought this was relevant at the end of the article "However, he warned that they would have to be “conscious of the deals they have reached with the other two main trade unions”."


i DID NOT HAVE THE WHOLE ARTICLE UNLESS I MISSED IT


Its a Good point but what can we glean from this

BUY, HOLD OR SELL

I am still more a BUYER

What think you


Also if you have full artickle kindly post

[m1k3y1] 10/10/2019 19:02

adrian j........
I thought this was relevant at the end of the article "However, he warned that they would have to be “conscious of the deals they have reached with the other two main trade unions”."

[adrian j boris] 10/10/2019 18:53

KEY PHRASE


Willie Walsh backs striking BA pilots and says a deal can be done

[m1k3y1] 10/10/2019 18:45

Good find Monty. Thanks
Let's hope they can reach an agreement that everyone is happy with.

[adrian j boris] 10/10/2019 18:43

montyhedge
10 Oct '19 - 18:39 - 11436 of 11436
0 0 0
Seems a glut of pilots, Walsh trump card. That's why they called off strikes.


GIVE US A REST MONTY

THERES NO SUBSTANCE IN YOUR VIEWS

YET YOU CONTINUE TO SPEW OUT YOUR UNSUPPORTED OPINIONS

NOTHING SUBSTANTIATED

I for one is more interested in whether to BUY SELL OR HOLD

At present i feel its a BUY unless the pilots go and strike again

i now get the impression that because WALSH gives the impression he was not directly in negotiations
the pilots would be now back in work

[montyhedge] 10/10/2019 18:41

I don't want the shares up at the moment neutral position.Need to buy first.

[montyhedge] 10/10/2019 18:39

Seems a glut of pilots, Walsh trump card. That's why they called off strikes.

[adrian j boris] 10/10/2019 18:36

Willie Walsh backs striking BA pilots and says a deal can be done


Is this the turning point

A rare opportunity to buy and all up from here

[montyhedge] 10/10/2019 18:35

Did you not see Channel 4 the documentary on Thomas Cook collapse, I suggest you watch it. Look at the BA job stand, trying to help TC cabin crew and pilots.

[adrian j boris] 10/10/2019 18:24

Always nice to have opinions ,guesses and scenerios but can we stick to facts


montyhedge
10 Oct '19 - 18:13 - 11432 of 11432
0 0 0
Balpa have come to their senses when they called off 27 Sept strike off.
Shows how much weaken they have become. With a glut of pilots looking for jobs. The BA job stand when TC went bust, 350 pilots? was very busy, staff queuing to try and get a job with BA.


if you have facts, lets have links

[montyhedge] 10/10/2019 18:13

Balpa have come to their senses when they called off 27 Sept strike off. Shows how much weaken they have become. With a glut of pilots looking for jobs. The BA job stand when TC went bust, 350 pilots? was very busy, staff queuing to try and get a job with BA.

[adrian j boris] 10/10/2019 18:06

montyhedge
10 Oct '19 - 18:04 - 11430 of 11430
0 0 0
Walsh saying a deal will be done with pilots.


bm7lhpxt7


Willie Walsh backs striking BA pilots and says a deal can be done
new
Richard Fletcher, Business Editor

October 10 2019, 5:00pm, The Times


A deal between British Airways and its striking pilots “is there to be done”, Willie Walsh, chief executive of International Airlines Group, has claimed as he publicly expressed his frustration at being unable to become involved in day-to-day talks.

Negotiations with the main union for BA pilots — the British Airline Pilots’ Association (Balpa) — are being led by Mr Cruz, 53, the embattled chief executive.

“I’d like to see this issue resolved but the structure of the group is that the industrial relations are dealt with by the management of each of the operating companies. That is the structure. That is what we agreed to. It may be frustrating for me at times. But that is what we signed up to. That is the….............................................................................................................................................

[montyhedge] 10/10/2019 18:04

Walsh saying a deal will be done with pilots.https://www.thetimes.co.uk/article/willie-walsh-backs-striking-ba-pilots-and-says-a-deal-can-be-done-bm7lhpxt7

[waldron] 10/10/2019 17:13

Brent Crude Oil NYMEX 58.65 +0.57%
Gasoline NYMEX 1.59 +0.37%
Natural Gas NYMEX 2.42 -0.70%
(WTI) 53.01 USD +1.22%


FTSE 100
7,186.36 +0.28%
Dow Jones
26,566.61 +0.84%
CAC 40
5,569.05 +1.27%
SBF 120
4,387.3 +1.22%
Euro STOXX 50
3,496.67 +1.07%
DAX
12,164.2 +0.58%
Ftse Mib
21,746.87 +0.99%


Eni
13.682 +0.60%

Total
45.295 +0.92%


Engie
14.675 +0.14%

Orange
14.49 +1.15%

IAG
Price (GBX) 461.10 +0.65% (Up +3.00)

Bp
502 -0.85%

Vodafone
162.82 +1.17%

Royal Dutch Shell A
2,315.5 -0.17%


Royal Dutch Shell B
2,304 -0.13%

IAG had a quiet uneventful day

[m1k3y1] 10/10/2019 16:13

Thanks for the info Maywillow.
Personally, I don't agree with carbon offsetting, as it doesn't deal with the crux of the problem .

[maywillow] 10/10/2019 12:18

cheers cyberian

[cyberian] 10/10/2019 12:08

montyhedge...apart from a few other grumpy posters I miss your contributions...you can either take them with a pinch of salt or take some inspiration or treat as a bit of tongue in cheek. One likes a bit of fun or mischief, but we can all take our own position as we see events unfold...there are a few posters who are quite helpful, and their contributions are welcome. Again I really hope that the BALPA threat abates in a sensible compromise between them and BA, and with any settlement we would be home and hosed for 3 years, hopefully. The IAG p/e is way out of line with Ryan Air and Easyjet, and still at a discount to the likes of Air France and key US airlines. We also have the dividend return which against the global hold on interest rates remains very attractive to income seekers...that is why the major Institutions are attracted, and why the analysts are in general very supportive in their comments etc. Good wishes to all holders...
Thanks maywillow for that update from London City Airport...seem most flights are OK after looking at the Airport site.