M O, There's only so many strikes and repaints BA's management could organize. In order to do real damage and get the overdraft to £6.5 bn it was clearly necessary to also go down the "takeover and f***up an otherwise OK airline" route.
That said, I sincerely hope that BA sort their **** out and don't go down the tubes, or the employment prospects for many thousands of UK pilots will change for the worse for a very long time.