Well he does have comic value!
MG Rover - been in trouble for 30 odd years, surprised it took this long. They had crap products so no surprises. BA - World Class product
Steel, Coal, UK Manufacturing - true, outsourced to economies with cheaper labour costs, but not comparable industries to BA.
Latvian pilots and Polish CC on a three weeks on, one off basis with free positioning tickets and barrack housing provided by BA for their spell in UK - wages at triple the East European norm and one quarter of ours? Why not?
Weren't they meant to come last year?
Truth is this is a myth. People come here for higher wages, not for the same wages in their homeland. So far the hoardes of Polish pilots haven't appeared. Employers in the East with a highly skilled workforce will have to up their game in terms of salaries to keep staff as they leg it to better paid jobs either in East or West. Next it'll be Mongolian pilots.......
My investment on average returned 10% over the last 3 months alone
Yep they've taken a beating recently just as stocks did in 1929, 1970, 1989 etc etc What goes down tends to go back up again, take the long term view or sack your IFA
BA has a bright future with an excellent product. All the sectors you mention can be easily be outsourced. Aviation can't be outsourced in the same way. Lot's of barriers to entry.
Full marks to BA for turning a profit.