Originally Posted by
Final 3 Greens
I guess you mean in defining a 'going concern?'
Yes basically. Making it look like their balance sheet is stronger than it really is by creative accounting. The company is only looking as good as they are (and that's absolute rubbish) by fiddling their pension fund liabilities. They even had to 'borrow' money off their pension fund recently to boost their balance sheet. I think accountants get a bad wrap from people on here, they get blamed for driving the company into loco service levels, but the crew wouldn't have jobs if the accountants didn't control costs.
As the crew costs appear untouchable due to militancy from top to bottom then the only costs the accountants can really cut are ones which affect service levels. And this is where we find ourselves.
Company needs liquidating to release LHR for the new breed of airline which will give customers decent service for decent fares.