Well its certainly a better quality of aricle than you'd find in the Daily Mail, but still a bit wooly when it comes to the facts. Perhaps they've used a bit of artistic licence when it comes to:
Airlines' single largest cost is staff wages, which consume half of a typical airline's annual revenue—far more than fuel, aircraft leasing or servicing costs. Pilots are the most costly airline workers to employ. At a typical airline, industry insiders say, 97 of the 100 most highly paid employees will be pilots.
I'd say BA was a fairly typical airline but our November 2002 report showed total revenue of £3556M versus pay, pension contributions and other employee costs of £1043M. I'd also like to know which 'industry insiders' think that all but three members of our board of directors earn less than the 97 highest earning pilots! I suspect with analytical skills like that they won't be insiders for long!