Bermuda - BA incurred a £300M fine. You can complain all you like about it, but unless you can get the authorities to pay it back it doesn't materially change the fact the company doesn't have enough cash. Interestingly nobody ever asks whether the the fine was more or less than the sum BA made through price fixing.
Gulf War 2 and 9/11 were nothing like the downturns we are currently experiencing, I was here for them all. You may also recall that Emirates and Qatar Airways were nothing like the competitors they are now back then. Etihad didn't even exist. Virgin were half the size. The Bermuda 2 treaty limited transatlantic competition at LHR. It's a different world now, and wishing it wasn't won't change it.
There is most certainly an agenda in the current climate, and that is to get the company fit to survive, not procrastinate and hope the problem will go away, because this time there's every likelihood it won't. Evolve or fail are the options facing us.