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Old 20th Apr 2009, 15:31
  #678 (permalink)  
left_to_first_class
 
Join Date: Jan 2007
Location: Near Iranian Border
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Sidestick - most of us are aware that GF is in a hole, how big it is is open to debate. We will all do our bit at the end of the day but whether pilot or not we'll say our piece and get on with it.

I have heard from reliable sources that the year-on-year revenue results are shockingly poor for the first quarter of this year. Adding additional capacity (B777) is a fool's game hence their return. Costs are improving as fuel has come down considerably but losses are still being made (weren't they the same $1million per day AD talked about in his brief tenure?)
GF needs a serious reduction in HQ personnel but there has to be a political will to do this which to date GF hasn't had. The bored can't agree a strategy as it probably has to be signed off by the crown prince so hence decisions like the 777, lots of fanfare and then quietly removed.
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