Air France/ KLM posted a $2 billion annual loss and Lufthansa just reported a first quarter loss (presumably different accounting periods) of $430 million. This is all before the ash cloud problems of course.
At one of the pension briefings, Keith Williams explained why BA don't want to close NAPS. They would have to fully fund the scheme to close it, which obviously they can't afford. Active contributors help the funding. This isn't the NEXT issue to be tackled, it's being tackled at the moment and there is a plan which has been presented to the pensions regulator. Don't BASSA bother telling people this?
Last edited by DextersLaboratory; 29th May 2010 at 07:50.
Reason: Grammar