Guv
The figures seem high compared to the ratios at US carriers who are arguably "better paid" than BA. Maybe it's really not apples and apples.
In the US the statistics I recall are that the total employee costs, as a % of total operating costs, are usually in the range of 30% to 35%. How does that compare with BA?
As to your future projections, the only sure thing about aviation is that it is unpredictable.
It may not be valid to judge airline activity on the same basis as a conventional business, there seems to be a hidden protocol.
Think of it, over the history of aviation, airlines have averaged a rate of return of approximately 1%. Any other business that was consistently that unprofitable would have been extinct 40 years ago.
So what's the hidden agenda that lures sensible men to enter the no-win fray?
Beats me.
[ 13 October 2001: Message edited by: SunSeaSandfly ]