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Old 26th Jun 2016, 07:43
  #2996 (permalink)  
Chief Willy
 
Join Date: Jan 2012
Location: Spain
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Not sure what you are talking about there Wiggy. First I've heard of last year being an "outlier". Before Brexit the profit was forecast to continue to grow, in part due to the unwinding of fuel hedges but also as the economy was supposed to be growing. IAG have issued the profit warning as advance bookings are below trend. Hopefully all short-term due to uncertainty in the markets. But it is worth noting that pilot recruitment is NOT due to retirements (fewer than 40 this year I recall) but mainly due to expansion. If expansion stops, which is a possibility as a result of Brexit, it will have a very real impact on recruitment.
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