BA Losses
Some shocking figures out this morning which must have the BA board somewhat worried.
The merger with Iberia is turning into a calamatous cock up. A airline which is ringfenced by Heathrow is quite simply managing to pee all that profit away.
Passengers want direct feed not links by multiple hubs. Passengers in say NI or Scotland are expecetd to get on a shuttle to LHR then another to Madrid then another to S America ?
Why not just fly to Frankfurt or Paris ?
This has all the allmarks of the same debacle that hit Lloyds, a well run company that was sailing calmly thru choppy waters only to then take on hidden debt on HBOS accounts.
Why on earth did BA not expand Manchester which is in the same country and incidentally has capacity for another 25m pax now, which also partially solves the LHR dilemma in the short term!