PPRuNe Forums - View Single Post - Big increase in profits at BA
View Single Post
Old 14th May 2005, 17:55
  #20 (permalink)  
fiftyfour
 
Join Date: May 2002
Location: uk
Posts: 156
Likes: 0
Received 0 Likes on 0 Posts
Well done BA and all the peolple in it. A good result considering all the unfair competition from insolvent US airlines still allowed to fly the atlantic.
Now lets hope they put more money into NAPS. Dan Air pilots had a scheme that was £8 million in surplus when BA absorbed the scheme into the BA NAPS scheme in 1994. This excess was taken as profit when BA bought DA for £1. Those that were unfairly made redundant are now part of a huge pension scheme that is at best only 85% funded, and if wound up tomorrow would only cover 70% of its promises.
fiftyfour is offline