I heard on the radio earlier that he's refusing his wages for either June or July. (June I think it was). Interesting tactic there - big gesture from the big man, makes joe public impressed at his efforts, but really it won't make much of a difference! And of course, few will realise this.
He's giving up 1/12th of his £750k wages for the month of July. Like his gesture of no bonus last year he will recoup it back and more in future share options. £62.5k a month is about twice the average yearly wage for BA staff
We were told last Autumn that fuel hedging had cost us £350 million and that this was a one off cost. Does this mean that really we made a loss of £50 million if you follow on year on year?
Also the figure of £2.5 million a day bandied about by BA managers doesn't seem to stack up anymore. What is the real truth?