Screw the shareholders. Are you capitalists or what? I mean Do you own Capital? Otherwise defending the shareholders and their repugnant manoeuvres to scam people is quite silly.
Oh, and don’t forget than many times, the shareholders are not benefitted at all, but the CEOs are, instead… Wake up, Santa Claus does not exist.
The airline exists for the benefit of the shareholder! Not for the benefit of the employee, that ceased to exist when the nationalised airlines disappeared. For an airline to function it needs capital, for it to generate capital it needs investment based upon projected returns.
IB raised capital based upon a premise that the Spanish Government would step in and bail it out if it failed to return on the investment. Up until 2007/2008 a fairly certain bet. Now, not a hope.
If IB fails to attrach investment then the shares slide, the value of the company as a whole decreases and the future investment in equipment, routes etc. becomes risky.
Welcome to Capitalism.
As for BA shares being halved, haven't you lot seen what is going on in the big bad economy.
Stop bleating. IB needs restructuring, that is where IAG has seen the potential for growth. The pain needs to be taken now. IB messed up enough on it's own without outside help. At least IAG has a plan and the ability to see it through.