Originally Posted by
M.Mouse
hat makes the pilot only salary bill £22.5m per month.
Currently BA is operating a handful of daily flights
Fair. And let's assume the total staff salary bill is £60m (or even £70m) ( remember most staff are already on comparatively low salaries)
So a year of salary costs equate to £750m ish. About half what the company just lost in fuel hedging...
.
But BA has cash and assets of nearly £10B ..... That's enough for many years of staff costs!
It's likely that neither the 380 or 744 will fly much longer (380 prob finished already). But some sensible VR , PT and redeployment will take care of most manpower reduction.
Whilst most observers forecast a difficult 18 mths or more does anyone really doubt that at some point the aviation market will be back to where it was?
Should we allow the UK aviation industry to be destroyed? And therefore allow others to fill the void.