Channex101 I would go careful what you say with regard to Monkeys and Peanuts, The new contract (if it arrives) will be based around(although not entirely on) London Gatwick Cabin crew terms and conditions, ergo it may seem that you are insulting them.
The company finds itself in a sorry state moving forwards. Matt101 is correct the longer term viability of BA is under threat. An aviation analyst comments that if cost remain the same, and income remains broadly neutral over the coming year, then BA has the potential to flounder just like Swiss, Sabena, and Alitalia. The immediate cash position remains good, but should this erode much further then all our suppliers will start to ask for payment upfront, loans obtained for new aircraft based on our cash position will not happen and BA will be unable to refinance these at a competitive rate.
I have said it before, but BA have cried wolf about the state of the business too many times, so why should we believe them now? The management IMHO are not making enough of an effort to convince the staff that this time is real. Perhaps they don't wish to scare away our remaining passengers.
