Iberia to Lose 4500 jobs - 25 airframes
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Not bothering to address any of your other howlers WW, like claiming BA made its best ever operating market in the middle of the financial collapse? Ho hum. You really ought to stop bigging up the impact of that distracting little strike episode. BA still made a profit and the total cost of it was a fraction of the rise in group fuel costs this year alone! Anyway have you heard the rumour SIN/SYD goes to MF in September? First of the Box payments to go!
Full year results are out, €351M loss for Iberia. Can't be much of that €2bn cash left after another year of losses.
Full year results are out, €351M loss for Iberia. Can't be much of that €2bn cash left after another year of losses.
Last edited by Hand Solo; 28th Feb 2013 at 06:34.
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Full year results are out, €351M loss for Iberia
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You are aware they are two separately audited operating companies aren't you? I just thought I'd check as there seems to be so much about the structure of IAG that you havent understood.
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Originally Posted by Watersidewonker
BA's share price remained steady at approx £2-£2.20 during the ffs, then rose to £3 on IB merger. It was after the merger in September 11 that it hit £1.26
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Firstly, there was no 'BA share price' during your little tiff about the CSD pushing a trolley because BA had been subsumed into IAG. There was only an IAG share price.
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Ah bless, you're chopping and changing your posts so quickly that you've gotten confused again! Let me help you as it's clear finance isn't really your thing. Firstly, there was no 'BA share price' during your little tiff about the CSD pushing a trolley because BA had been subsumed into IAG
IAG shares started trading on 24/01/11
Cabin crew dispute was March/June/July 2010
BA Share price between Febuary and August 2010 ranged between £2.08 and £2.32.
You've just confirmed your incompetence HS
Last edited by Watersidewonker; 28th Feb 2013 at 07:58.
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Further proof, if ever it was needed, that the merger decision was a bad one for long term BA investors. What would the terms of the merger be now - 70/30?
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I believe 'creative accountancy' is at work so no I don't accept that IB is actually losing that amount of money. I believe it helps the FFS cause at the moment.
However if the management are taking a considerable write down, then surely it has been a bad investment, by their own admission.
However if the management are taking a considerable write down, then surely it has been a bad investment, by their own admission.
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There are legal ways and means of making, losing, borrowing, transferring balances to make figures look how you want them to. I'm no expert, neither are most of us on here so I can't comment if they're 'fiction' or not.
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Omnipresent,
Don't forget the Wonkers impression is that the terrible recession in Spain is purely a work of fiction by the scum Capitalist pigs which would never happen under the Socialist panacea lead by our Lord McClusky.
The fact that recessions, oil prices, labour prices and global world economics all play havoc with Airlines profits and losses is irrelevant in Wonker world as long as the Bruvva's can continue to receive the same remuneration as they did in the 1970's.
Ironically after the massive savings gifted BA by BASSA's intransigence the company, after streamlining and cost cutting, returned to profit. The BASSA hard core continue to believe that this was all a ploy by BA despite the confidential figures being shown to BALPA and the city. The institutional investors were briefed on the plan to rationalise by BA before it started as their tacit approval was required.
The whole thing worked, the company is in profit during the worst recession in living memory and the employees are benefiting.
Now Iberia has to go through the same rationalisation process. McClusky has stuff all interest in what goes on in Spain, all he wants is to show willing to get the votes he needs to continue in his cushy, cloud nine Union role.
I am 100% behind SELPA when it comes to sensible, strategic and coherent negotiation. Unfortunately, as happened in BA, a lot of give will be required if the airline is to be brought back on track.
As much as Wonker likes to spout about how despicable the IAG management are they have continued to turn a profit at BA and thus, to the investors, they have a track record of company reform.
What do BASSA have???? 10 tickets and the remains of the sex pest SWP.
Don't forget the Wonkers impression is that the terrible recession in Spain is purely a work of fiction by the scum Capitalist pigs which would never happen under the Socialist panacea lead by our Lord McClusky.
The fact that recessions, oil prices, labour prices and global world economics all play havoc with Airlines profits and losses is irrelevant in Wonker world as long as the Bruvva's can continue to receive the same remuneration as they did in the 1970's.
Ironically after the massive savings gifted BA by BASSA's intransigence the company, after streamlining and cost cutting, returned to profit. The BASSA hard core continue to believe that this was all a ploy by BA despite the confidential figures being shown to BALPA and the city. The institutional investors were briefed on the plan to rationalise by BA before it started as their tacit approval was required.
The whole thing worked, the company is in profit during the worst recession in living memory and the employees are benefiting.
Now Iberia has to go through the same rationalisation process. McClusky has stuff all interest in what goes on in Spain, all he wants is to show willing to get the votes he needs to continue in his cushy, cloud nine Union role.
I am 100% behind SELPA when it comes to sensible, strategic and coherent negotiation. Unfortunately, as happened in BA, a lot of give will be required if the airline is to be brought back on track.
As much as Wonker likes to spout about how despicable the IAG management are they have continued to turn a profit at BA and thus, to the investors, they have a track record of company reform.
What do BASSA have???? 10 tickets and the remains of the sex pest SWP.
Watersidewonker
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I believe 'creative accountancy' is at work so no I don't accept that IB is actually losing that amount of money. I believe it helps the FFS cause at the moment.
However if the management are taking a considerable write down, then surely it has been a bad investment, by their own admission.
Come on folks we should really take notice of Bunkum here he was the master of 'creative accountancy' with the non-existent BASSA books!
By the way has anyone seen them yet? Have members got a full account of where their money went?
Answers on the back of a Willie Walsh mask please.....
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I believe 'creative accountancy' is at work so no I don't accept that IB is actually losing that amount of money. I believe it helps the FFS cause at the moment.
However if the management are taking a considerable write down, then surely it has been a bad investment, by their own admission.
Come on folks we should really take notice of Bunkum here he was the master of 'creative accountancy' with the non-existent BASSA books!
By the way has anyone seen them yet? Have members got a full account of where their money went?
Answers on the back of a Willie Walsh mask please.....
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WWW
so I can't comment if they're 'fiction' or not.
Thought so.
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Wirby, you're such a card! Just because someone has guts to stand up for what they believe is right doesn't make them a 70's militant.
VC, any member can view the accounts - no problem, many have. I believe all you have to do is e-mail the Branch Secretary and he'll arrange for the member to view the full audited accounts.
By the way BASSA only receives a very small percentage of the members fees to cover the cost of operating as a branch (approx £3-4 per member).
The rest goes to Unite who provides the big money back up eg legal.
I do hope this puts your mind at rest.
By the way has anyone seen them yet? Have members got a full account of where their money went?
By the way BASSA only receives a very small percentage of the members fees to cover the cost of operating as a branch (approx £3-4 per member).
The rest goes to Unite who provides the big money back up eg legal.
I do hope this puts your mind at rest.
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Wonker,
Is that what McClusky said when he destroyed the Dock Workers Union? All the great Union leaders of the 1970's who destroyed this countries industries by outdated, outmoded, unproductive working practices that let cheaper global work forces undercut and undermine the industries?
It's all well and good to stand up for what you believe is right but any decision made on bad information is a bad decision.
Perhaps you need to educate yourself better in the workings of business and finance before you advise others to kill the company they work for. There are plenty of examples of failed airlines over the last few years and not all of them are small ones.
Look at what SAS have agreed to keep in employment, look at what happened to the militant Union stronghold of Alitalia. Air France are going through it now as well. Change must happen or the company goes down. You at BASSA have always taken everything at a personal level when it never has been. Agreed the costs are personal, I've seen it first hand, but that is life in the private sector.
Time to move on Wonker, you've lived in the past too long.
Is that what McClusky said when he destroyed the Dock Workers Union? All the great Union leaders of the 1970's who destroyed this countries industries by outdated, outmoded, unproductive working practices that let cheaper global work forces undercut and undermine the industries?
It's all well and good to stand up for what you believe is right but any decision made on bad information is a bad decision.
Perhaps you need to educate yourself better in the workings of business and finance before you advise others to kill the company they work for. There are plenty of examples of failed airlines over the last few years and not all of them are small ones.
Look at what SAS have agreed to keep in employment, look at what happened to the militant Union stronghold of Alitalia. Air France are going through it now as well. Change must happen or the company goes down. You at BASSA have always taken everything at a personal level when it never has been. Agreed the costs are personal, I've seen it first hand, but that is life in the private sector.
Time to move on Wonker, you've lived in the past too long.
Last edited by Wirbelsturm; 28th Feb 2013 at 09:41.
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Ok Wirby, will do. I'll spend more time socialising with you down route, then will you help me put forward a future strategy plan that's fair to all not just the few?How about starting by rewarding ALL staff with share options to ease the pain?
You never know I might end up voting for DC at the next election - stranger things have happened!
You never know I might end up voting for DC at the next election - stranger things have happened!
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And slowly the costs here in the UK are being "re-structured" as I predicted would happen a while ago. Route changes and how they're crewed will certainly put the cat amongst the pigeons.