He is in charge of a company making record losses year after year, isn't it time he actually tries to sort it out rather than playing big man to his fans in the office?
Only the last two years, the worst recession in aviation history. Prior to that BA has always made a profit. Sadly with the outdated working practices the running costs were also very high. If BA is to compete into the future the ticket revenue will be down therefore the costs MUST be reduced.
What's next? Cull the office numbers for the Iberia merger. Actually try to sort out the pension problem. Wind up the final salary pension scheme for current members like most other FTSE 100 companies have done?
The entire idea of the merger between Iberia and BA is to reduce administration costs.
So, yes. The pension is based upon the stock market investments. As almost half of the value of the stock markets across the world have been wiped the pension defecit has doubled. Simple maths. There is a soloution it just needs to be approved by the pensions regulator.
So, yes. BA are desperately trying to retain the final salary scheme and also have a plan to continue it for those members that wish to. It does involve, however, the current members requiring to increase their contributions substansively . All new employees to BA join on a cash scheme BARP.
So, no, no need.
Perhaps all the WW fans in here won't be crowing so much in a few months when it's them that are expected to adopt modern working practice in line with the rest of the industry.
Already done it. Sign off, at the moment, on a rolling month. Substansively lost about 8.5% per annum. Increased productivity allows the same amount of flights to be covered by a reduced number of staff allowing voluntary redundancys. Been workin damn hard for less money, but still working.
So, already done.