However buried in the figures were NAPS pension liabilities of £2.6B, (using BA's numbers not the trustees) Since they said in the same report they only had about £1.5B of cash, then the stock market reaction was bizarre. Technically I believe BA is close to bankruptcy. Staff costs are about 20% of their outgoings, so even cutting circa 5000 staff or about 1/8th of their headcount will only save £200Mpa max. Until revenue is improved then serious problems will continue.
Walnut, you are NOT allowed to speculate like that - it is technically against the law in the UK!
People study at university and work long hours, studying raw data to be given the privilege to do that - it is not on.
BA ain't going anywhere soon!