Originally Posted by
racedo
£20m per day means diddly squat because it doesn't tell you what it is. Deliberately so. Is it the excess of spending over revenue ? Is is just daily spend on pay?
Getting rid of X thousand will cost money but once it is done it is done and spending post this will reduce. Also means if someone on £40k a year than with NI/Pension/HR it is probably costing another £20k a year minimum to support so there are huge savings. When (IF) you look to replace in an upturn it will be on new terms as well. Longer term for the airline it makes economic sense but not for those employees who have been impacted.
And didn’‘t BA say at the recent AGM they would be cash flow neutral in Q4 (or something like that) obviously assuming situation doesn’t deteriorate.......