International Consolidat... Share Discussion Threads

[shujja1] 05/5/2020 05:00

Norwegian airline restructured yesterday safest airline at the moment

[m1k3y1] 04/5/2020 23:22

jailbird .......I am afraid you are wrong about 'industry rates' as there are plenty of other airlines crew who have better pay and conditions.

Also, it i about time that People in this country stopped saying that when companies pay their employees less and less it is a positive ............

Employees should always be trying to achieve better pay and conditions . To do otherwise would ultimately end with everyone earning nothing.

After all most large companies will always try and pay employees less but make them work harder.

[m1k3y1] 04/5/2020 23:18

logan...being paid more than others is not a crime and something that all employees should be aspiring to achieve.

MF Crew would disagree with you about being higher paid and being unreasonable.

[jailbird] 04/5/2020 21:34

But for me the biggest challenge for BA is how do they recover their main source of money that is business class travel in the near term .Without that planes will be flying at a loss . I wonder what reconfigurations can be used to make more money .EasyJet is a better bet on recovery out of the two low cost carriers . Ryanair not so sure yet as these airlines do rely on full capacity to make money since they are low Cost carriers Their fares cannot be cheap if their planes have to run on up to only 2/3rd full because of distancing rules .

[jailbird] 04/5/2020 21:28

The pilots and crew have been paid very well in the past.BA has been just been bringing their salaries lower in line with the industry rates Like I said before a divide and rule policy was previously used by BoD between the pilots and crew when pay rises were being negotiated only a few years ago .Outsourcing was a way to get rid of older staff and the pension scheme .BA over outsourced and have lost a lot of experience in the process .I am sure some will come and be unsourced again but never entirely .

[loganair] 04/5/2020 20:51

I believe it to be the other way round that it has been the Aircrews of BA that have been very unreasonable over the years as they have always been some of the highest paid aircrews in the UK flying the least hours.

[962962] 04/5/2020 20:41

m1k.careful may have a point.But to answear your point they do it because they can get away with it.Friday this was front page news,now its page 4 or 5.This covers 44k people out of a population of what,66m.44k could be doubled by ex staff,satisfied customers etc,but it's only the first 44k who are probaly worried and having sleepless nights.Purely by the nature of this board (Financial/share dealing etc) if BA made a statement at midnight that the 44k were dismissed on the spot,but the share price doubled or trebled at 8AM the likes of monty etc would not mention you,they would be full of their own self gloating at how much money they had made.

[m1k3y1] 04/5/2020 20:37

careful......BA have been very unreasonable over many many years.
They have also benefited from their unreasonableness a great deal.

I you think that all British Companies should do the same , be prepared for the unemployment figures to skyrocket, along with a substantial increase in benefit claims and payments , all funded by your taxes.

[careful] 04/5/2020 20:10

The unions have been unreasonable in the recent past.
Strikes and threatened strikes, greedy demands.

Maybe the management think it is payback time.

[m1k3y1] 04/5/2020 19:58

962.....why would they do this to their Employees , if they were not serious ?

[962962] 04/5/2020 19:37

m1k.Thanks your confirmation.Your words "BUT to date , BA are very firm on this."Do you think this could be the biggest piece of scaremongering BA have ever pulled,and believe me I have seen a lot of their scaremongering in the past.

[m1k3y1] 04/5/2020 19:10

962....I have seen actual documents. The facts and figures I am posting are as I have seen them, in Black and White unfortunately..

I too hope that the situation will change and VR will be offered BUT to date , BA are very firm on this.

Unions have submitted court claims to both the Employment Tribunal and High Court...there may well be more to come.

[962962] 04/5/2020 18:55

m1k.Have you actually seen anything direct from BA,regarding job losses/contracts etc,or are you like me just seeing "leaked documents/an insider says",has anybody concerned actualy been given a document in black and white.I would normally say "I hope I'm wrong"but this time I hope I'm right.I THINK that BA have gone for a real foul blow below the belt,BUT it's the worse case scenario.I think there will be job losses,but not on the scale reported,and voluntary. I do think that there will be salary reductions/revised salary,No way zero hours,My guess 20% less,as the furlough figure now.Ba will Make concessions,if they do as above, not good but not as bad as being banded about now.BA will then come out with a bit of credibility,and the useless unions will be jigging around T5 telling everyone what a great job they've done and how wonderfull they are.

[m1k3y1] 04/5/2020 18:30

962....low cost out of LGW would be interesting and Level etc are would be in a good position to benefit.

Still no news about re-negotiation the Air Europa deal. MY guess is that IAG will still buy the airline but at a reduced price, maybe circa 800M, which of course will upset BA Employees even further.

I do feel as though IAG are digging themselves into a hole at the moment, even though the future may be bright !

[hamhamham1] 04/5/2020 17:59

Buywell.
It's hilarious how you talk in the 3rd person and persistantly praise yourself, or at least your 3rd party ego. Is there no one in the real world who praises you in person?

[buywell3] 04/5/2020 17:52

WB reads buywells' posts

amaretto1
3 May '20 - 06:53 - 17041 of 17151
0 1 0
Warren Buffet .. has sold out of all air line stocks...
He was holding huge stakes...
i suggest selling ....

[hamhamham1] 04/5/2020 17:37

Buffet could have bought into e.g. American Airlines back on 2012 at 50 cents a share????

[darrin1471] 04/5/2020 17:18

Surprised Buffet ever invested in a cyclical business like airlines. I would like to know the reasoning behind the investment. What could he see? I think he also said that he had been looking at airlines outside the US.
Buffet said the investment fundamentals had changed due to the US airlines taking on considerable new debt.

[loganair] 04/5/2020 17:16

Virgin has mortgage its slots.

Virgin's fleet:

4 x A350 less then 1 year old
9 x B787 4 years old
1 x B747 20 years old

Parked:

14 x A330 11 Years old
06 x B747 20 years old

[m1k3y1] 04/5/2020 16:57

962......possibly but a lot of the Virgin fleet is very old. It would only be for slots , if anything I suspect.

[loganair] 04/5/2020 16:35

General Electric is cutting as many as 13,000 jobs in its jet engine business after the coronavirus pandemic brought devastation to the aerospace industry.

GE Aviation on Monday announced plans to accelerate its cost-cutting by permanently reducing its global workforce by as much as 25% this year through a mix of layoffs and voluntary actions.

[962962] 04/5/2020 16:31

careful.You and others on this board may think i've lost the plot and been at the bottle to much,but your idea has merit.But it would not suprise me one bit if Virgin went into admin if BA made an offer.

[careful] 04/5/2020 16:23

Branson must be dreaming of pre pack administration deal.
Legalised corruption.

First they clean the company out of cash to weaken it.
Second it goes into administration.

The they re- purchase it minus the original shareholders and creditors.
All at a cut price.

This theft is justified on the pretence being that it preserves jobs.

[loganair] 04/5/2020 14:16

Rheanna Norris, Associate Analyst at GlobalData, comments: “There is a possibility that the Virgin brand could disappear from the global aviation industry altogether. Virgin Australia is in voluntary administration, the rebranding of UK airline Flybe to Virgin Connect was cancelled for obvious reasons, and now, Virgin Atlantic is asking for help.

“Rival British Airways consumes the majority of the market for full-service carriers in the UK and would be the most likely beneficiary of any change to Virgin Atlantic’s operating circumstances, this factor could lead to a rise in fares on transatlantic routes from the UK as the airline controls more of the supply.

“Major shareholder Delta has ruled out any further financial aid.