PPRuNe Forums - View Single Post - British Airways - CC Industrial Relations & Negotiations
Old 29th Nov 2009, 05:59
  #3751 (permalink)  
Desertia
 
Join Date: Aug 2000
Location: Bahrain
Posts: 457
Likes: 0
Received 0 Likes on 0 Posts
In fairness Fin, A Lurker made the effort to type out the complete list of impositions for us, and therefore I believe deserves the benefit of the doubt until proven otherwise.

Meanwhile more hits for Cabin Crew to consider when they ponder whether to help or hinder the airline many of them love so much; I daresay BASSA will try and brush it off as more scare tactics, if they mention it at all (or they'll blame it all on Wicked Willie):

Shares in British Airways remained grounded as the wider market climbed yesterday amid concerns about the potential costs of complying with new environmental regulations.

BA rose just ½p to 193¾p, lagging the FTSE 100 which rebounded from the previous session’s fall, after Morgan Stanley predicted that the airline could lose 7 per cent of its earnings when it has to pay for its carbon emissions.

Airlines will be included in the EU’s emissions trading scheme from 2012, capping carbon emissions on all flights arriving and departing from airports in the bloc.

Morgan Stanley said that compliance with the new rules would place material financial strain on airlines in what is an already challenging market. The broker added that it thought it would be highly unlikely that free permit allocations would cover the industry’s emissions for next year.
Based on the current price of €13 per tonne of carbon dioxide, the broker said that the rules would wipe €52.6 million off BA’s earnings. It said offsetting its emissions could hit earnings by €149.8 million in 2016 if the credits hit the forecast €37 per tonne of CO2 in that year.
Desertia is offline