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Old 22nd Apr 2020, 19:23
  #269 (permalink)  
B744IRE
 
Join Date: Jun 2011
Location: Shoreham
Age: 72
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Good luck everyone

Branson is no different to Bishop, Laker, Keegan, Stocks, Walsh etc. etc. They all retreat to their tax havens pleading poverty while the troops at the coal face take the hit. The industry has been smoke and mirrors for decades and a profitable airline is a myth...the BA pension fund deficit cancels out any profits they make. Independent airlines surrounded the core business with “suppliers” charging extortionate rates for services...sucking the life blood out of the business...sorry times are hard, oil prices are high, you can’t have a pay rise...sound familiar? Final salary pensions go down the drain when an airline goes broke and after paying 25% of my salary into a money purchase scheme my pot has dropped 30%...only retired BA final salary retirees are immune...hence BA no longer offer a final salary scheme. Thank God I’m retired...good luck everyone, whoever you work for!
Maybe someone who REALLY cares about their employees and the airline industry will step forward and employ amazing positive people.
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