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[hamhamham1] 29/4/2020 17:36

In other businesses, when the market shrinks, then the staff levels are cut accordingly. It's brutal but a necessity.

[m1k3y1] 29/4/2020 17:19

ham......they have options as you suggest BUT they are using it to implement all of their wishes at once.
Including the same ones they wanted back in 2010.

Unpaid leave would be an option,

[loganair] 29/4/2020 17:19

Lufthansa Group introduces compulsory face mask measures for passengers. This includes prior to and after the flight, and throughout the airport when the required minimum distance cannot be guaranteed without restriction.

The mask requirement will bring the current Lufthansa Group Airlines’ regulation to keep the neighbouring seat free in Economy and Premium Economy Class to an end, as the Group believes that wearing the mouth-nose cover provides adequate health protection.

[loganair] 29/4/2020 17:16

Boeing, Expecting a Long Slump, Will Cut 16,000 Jobs.

Calhoun added that the company anticipated that it would be able to resume production of the troubled 737 Max line in 2021.

[hamhamham1] 29/4/2020 17:00

The thing is, if it's going to take a couple of years to get back to 2019 levels then what are you going to do? You cannot staff at 2019 levels for the duration. IAG need to cut their cloth accordingly. I would have thought the next 12 months would be successgul if ran 75% of flights?
So either staff reduce hrs to match, ie a 28-30 hr week rather than 37-40 hr week. Or cut staff by 20-25%, whether thats redundancies or staff taking sabbaticals, either way. But you gotta get a grip on costs IMO.

[m1k3y1] 29/4/2020 17:00

Will the British Airways / American Airlines joint venture be broken up if Virgin Atlantic goes bust?

[m1k3y1] 29/4/2020 16:55

azalea...both of those airlines have been in trouble for years.
IAG has been making lots of profit and very healthy.

9.5B euro in liquidity.

[azalea] 29/4/2020 16:21

Lufthansa cut its workforce by 10,000, SAS cut its workforce by 50% = 5,000 people.

[m1k3y1] 29/4/2020 16:15

logan........it seems that what you are actually complaining about is not getting the same contractual agreements as BA crew.

Maybe you don't belong to a Union ? But at the end of the day, these are not things that BA crews are 'getting away with' . They have been contractually agreed over very very many years. BA have been happy with them and up until the virus hit, was making very nice profits.

In addition, when it comes to hours, as we have discussed before, all UK crews have to comply with the working time directive of 900 flying hours per annum. Whether you work up to 900 or less than 900 is up to your employer.

With regard to bidding....it was BA that introduced Bidding not the cabin crew and they did it so that crews could manage their own work, which enabled BA to reduce jobs in the scheduling Dept.

[loganair] 29/4/2020 15:56

1. Short haul crews often flying less sectors and hours then the non- privatised national airlines.

2. Long haul crews having longer lay overs.

3. Night stop allowance much higher.

4. Bidding for flights.

The airline I was flying for often leased their aircraft with pilots and 1 or two cabin crew to other airlines while they these airlines used 3 or 4 of their own cabin crew on these flights.

British Airways normal rotation we flew.

Day 1. LHR-CDG-LHR
Day 2. LHR-IST overnight even though we landed at IST 09.30 in the morning.
Day 3. IST-LHR

BA insisted that our two cabin crew got the same night stop allowance as the 3 BA cabin crew on our over night in IST. I chatted with the BA cabin crew and was shocked that what they earned for just their over night allowances was as much as our cabin crew were paid for a full years salary while doing half the work.

Day 1. MAN-GLA-MAN
Day 2. MAN-EDI-MAN
Day 3. MAN-LHR-MAN

Air France

Day 1. SXB-DNR-CDG
Day 2. CDG-LYS-CDG


Ryanair

Day 1. LTN-DUB-LTN-DUB-LTN
Day 2. LTN-MXP-LTN-AGP-LTN


Easyjet

Day 1. MAN-AGP-LGW-AGP-MAN Pos aircraft to LGW
Day 2. LGW-AGP-FAO-LGW
Day 3. LGW-ACE-SPC-LGW

[arai] 29/4/2020 15:51

Just shows you how much doom was priced in here, one sniff of a possible solution and whooosh, V1 Rotate .......

[m1k3y1] 29/4/2020 14:52

Logan.......you clearly don't know what you are talking about as far as BA cabin crew are concerned.....what exactly are they supposed to be 'getting away with' .

[loganair] 29/4/2020 14:37

This is a problem most if not all the ex-national state airlines have, far to ridged a work force.

Years ago when Iberia brought in the A321, their A320 cabin crew said they wanted a separated extra allowance for flying on the A321 as they said the A321 was a different aircraft type to the A320. And the unions got Iberia cabin crew this extra allowance. This sort of thing only happens with the privatised ex-national airlines.

The sorts of things the BA cabin crew get away with can never happen with the non-privatised airlines.

[applepieinthesky] 29/4/2020 14:02

Opportunistic measures by such a greedy leadership team as many posters have said Walsh has been waiting to do this for years not exploring options such as reduction in hours to save peoples jobs .

[m1k3y1] 29/4/2020 14:01

ham.......or so much chaos been caused by the one country !

[hamhamham1] 29/4/2020 13:57

Never before in the world history has do much resource been chucked at a problem for so many countries around the world.

[hamhamham1] 29/4/2020 13:55

Good day across the board. Gilead shares suspended pending update on their advances in coronavirus drug. They hit the first bar apparently.

[demo trader] 29/4/2020 13:55

there it goes..........+ve news from Gilead on vaccine

220p

[arai] 29/4/2020 13:48

In danger of this going blue now ....

[demo trader] 29/4/2020 13:27

We know what you mean, mikeyi but they have a business too run, to compete, to survive, to grow, to become financially profitable in long run. Hence hard decisions.

As soon as they have a vaccine then normal service resumes.
Wouldn't be long :)

[m1k3y1] 29/4/2020 13:18

Watford.......The Unions have delivered Billions in cost savings to BA since 2010.
Massive restructuring of contracts and conditions, so I don't agree with your analogy about Unions making it difficult for BA.

Frankly, there are those who suggest that the unions could have done far more for their BA employees than they have done.

In any event, this situation is opportunistic exploitation by IAG, of a very bad situation for British Citizens employed by BA, who are also having to deal with the virus, lockdown , death and financial difficulty, while at the same time being asked by BA to volunteer for repatriation flights !.

[arai] 29/4/2020 13:07

I fully agree with the "quality companies in the hardest-hit sectors" hence investing here, BARC, Airbus, beer and finance. The market is a large forward thinking monster so we are saying 3 years or so, this will be back in the price withing 18 months in most if not all areas, some will not even see the blip.

[watfordhornet] 29/4/2020 13:07

M1 - to be honest the unions have made it difficult for BA for years. They may take opportunity but reality is they cannot keep people sitting around indefinitely. They have to act and the unions will find their power is not what it used to be

[m1k3y1] 29/4/2020 13:00

grabster.......I just don't see it. There is a pent up demand of people wanting to get away and lost of cheap oil, cheap aircraft etc flooding the market.

IAG are going to clean up if they get away with this restructuring farce.

I bet you won't see the BoD restructured or cut by 25%.