British Airways: risk of turbulence on Willie Walsh’s flight path
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Every Autumn since 1997 I have read, according to most reputable building societies and so called 'city analysts', that house prices will soon fall to become more 'realistic' or 'adjusted' or 'in-line with inflation' but not once, in eleven years have we seen a drop of any substantial amount. They have all been wrong, all of them, consistently and regularly, wrong.
We could argue that my surveys are better than your surveys until house prices rise or fuel prices fall.
I am not saying that the current crop of surveys and analysis of the oil situation are any more accurate than the previously mentioned 'experts'.
However, all the economic indicators, fueled by ever increasing Chinese and Asian demand coupled with ever more expensive extraction costs lead all analysts, economists and soothsayers to the conclusion that oil prices will not reduce by any substantial amount and are much more likely to increase.
Time will tell, but any clever brokers who bought oil futures in August 2007 when the price was below $70/bbl with a view to making a killing by selling at perhaps $100/bbl in August 2008 will be liable for losses in the billions.
Having to buy at today's prices and sell at $100/bbl will hurt, a lot.
Stand by for the coming blood bath.
We could argue that my surveys are better than your surveys until house prices rise or fuel prices fall.
I am not saying that the current crop of surveys and analysis of the oil situation are any more accurate than the previously mentioned 'experts'.
However, all the economic indicators, fueled by ever increasing Chinese and Asian demand coupled with ever more expensive extraction costs lead all analysts, economists and soothsayers to the conclusion that oil prices will not reduce by any substantial amount and are much more likely to increase.
Time will tell, but any clever brokers who bought oil futures in August 2007 when the price was below $70/bbl with a view to making a killing by selling at perhaps $100/bbl in August 2008 will be liable for losses in the billions.
Having to buy at today's prices and sell at $100/bbl will hurt, a lot.
Stand by for the coming blood bath.
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You know rmac, yours is the sort of post that should have a self deleting facility for downright lies.
Below is the price of Brent - Europe, in dollars, for the last 6 days. Taken from the Energy Information Administration of the US Gov't. website.
134.15 133.91 135.81 143.68 142.43 136.02
Now tell me where the $20 drop has occurred?
Below is the price of Brent - Europe, in dollars, for the last 6 days. Taken from the Energy Information Administration of the US Gov't. website.
134.15 133.91 135.81 143.68 142.43 136.02
Now tell me where the $20 drop has occurred?
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When we quote oil prices we all need to use the same oil! Brent Crude, the most often used price here in EU land, is $136.24 at 0900 today.
Price for delivery in August is $131.07. Highest price for one day this year was $147 so just where is this $20 fall? Anyway, who cares? If anyone really believes that sub $100 oil is around the corner is living in cloud cuckoo land.
Price for delivery in August is $131.07. Highest price for one day this year was $147 so just where is this $20 fall? Anyway, who cares? If anyone really believes that sub $100 oil is around the corner is living in cloud cuckoo land.
the lunatic fringe
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rubik, you may be right, then again you might be wrong. Time will tell.
A quick Google on "oil price forecast". 2nd result down.These people think you are wrong.
$102
A quick Google on "oil price forecast". 2nd result down.These people think you are wrong.
$102
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I'm with stormin norman. We need to wheel out self proclaimed experts to announce that oil will go up to $500 a barrel and never drop and then wait fro it to plummet to $40 a barrel and stay there!!
Anyway, I'm off out into the rain again.................
Anyway, I'm off out into the rain again.................
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As the oil price rises, demand will inevitably slacken. Airlines will go bust, or ground aircraft and scrap marginal routes. People will drive less. Companies and indviduals will economise in their use of energy. The pace of development in emerging countries will slow. We see signs of this already.
When that starts to look like a concerted trend, oil producers will have more incentive to pump more oil out of the ground today, rather than wait for a higher price tomorrow (as they are doing at present).
That increased supply will result in a short-term decline in the oil price. Probably quite a steep decline.
I think we are rather closer to that situation than many people think.
13Alpha
When that starts to look like a concerted trend, oil producers will have more incentive to pump more oil out of the ground today, rather than wait for a higher price tomorrow (as they are doing at present).
That increased supply will result in a short-term decline in the oil price. Probably quite a steep decline.
I think we are rather closer to that situation than many people think.
13Alpha
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I think it is the pilots who should be fearful of Operation Columbus. BALPA are in disarray after being outmanoeuvred by Willie over OS, and now they will pay the price.
Junior trash
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Nice try TC or M but the one good thing out of the openskies case is that all BAs assurances have ended up in our scope clause making it pretty cast iron in the UK. Operation Columbus is an IFS invention anyway. BASSA have spent the last 10 years feathering the nest of Golden runways whilst utterly missing the fact that OC has been operating 40 miles away round the M25.
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Can I just point out that I'm not a liar. The insinuation that I've retired and come back is laughable as I've still got over 30 years to go before retirement.
Tea/Coffee, if you want to have another swipe at me, feel free to pm me, as I'm sure this kind of behaviour is boring for others to read.
I know what I know and you know what you know.
Gg
Tea/Coffee, if you want to have another swipe at me, feel free to pm me, as I'm sure this kind of behaviour is boring for others to read.
I know what I know and you know what you know.
Gg
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British Airways has started low cost operations before Hotel: remember GO? AML? BA Connect? Where are they now?
Of course whilst BA recruited cheap cabin crew to man the 3 AML 777's, the pilots were Mainline with their big fat salaries. Not much cost cutting there by the pilots. And of course you now have your generous hourly rate and have consolidated pay. No lectures please from flight deck on CC T&C's.
Gg: thirty years to go on SFG T&C's? Phew!
Of course whilst BA recruited cheap cabin crew to man the 3 AML 777's, the pilots were Mainline with their big fat salaries. Not much cost cutting there by the pilots. And of course you now have your generous hourly rate and have consolidated pay. No lectures please from flight deck on CC T&C's.
Gg: thirty years to go on SFG T&C's? Phew!
Last edited by Tea Coffee Or Me; 18th Jul 2008 at 21:36.
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Generous hourly rate? So why were BASSA so vehemently opposed to an hourly rate for the cabin crew? Seems strange they'd turn down yet another hosing down with cash! The AML flights were indeed flown by mainline pilots, with their big, fat, benchmarked, industry standard salaries, and crewed by cabin crew on industry standard salaries. Without a CSD and 3 Pursers on double the industry standard wage.
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NO Carnage. you wouldn't have RyanAir Captains giving it all up to be a two ringer on a 747, if things were not much better at BA. You BA Flight Deck are all pampered pussycats who still live in a time warp of First Class food served on china.
What BA were in denial about when the hourly rate was offered to cabin crew, was that the deal was nowhere near as good as the rate the pilots have. That is why they jumped at their deal. Give us the same rate and we'll take it.
What BA were in denial about when the hourly rate was offered to cabin crew, was that the deal was nowhere near as good as the rate the pilots have. That is why they jumped at their deal. Give us the same rate and we'll take it.
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You BA Flight Deck are all pampered pussycats who still live in a time warp of First Class food served on china.
What BA were in denial about when the hourly rate was offered to cabin crew, was that the deal was nowhere near as good as the rate the pilots have. That is why they jumped at their deal. Give us the same rate and we'll take it.
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Sorry Carnage. You are wrong again. You need to get your facts right before you pontificate.
BA ran "In Touch" courses for all employees at Waterside a few years ago. However Cabin Crew were "invited" to stay for an afternoons 'brainwashing' session on the hourly rate, where we were informed by various management that Christmas really is a good idea for turkeys.
BA pilots sold their souls over the hourly rate and pay consolidation/restructuring. As you are aware, a few very senior guys at the top took a small pay cut, but many others did much better.
Please do not challenge me over what your hourly rate is, otherwise I might put it up here for all to see. Then all your jealous "bottom feeder, sh1thouse airlines" friends can make their own minds up whether your T&C's are "benchmarked, market rate".
Please dont think I am anti-Flight Deck either. My last boyfriend was a Captain. I know exactly what you all earn.
BA ran "In Touch" courses for all employees at Waterside a few years ago. However Cabin Crew were "invited" to stay for an afternoons 'brainwashing' session on the hourly rate, where we were informed by various management that Christmas really is a good idea for turkeys.
BA pilots sold their souls over the hourly rate and pay consolidation/restructuring. As you are aware, a few very senior guys at the top took a small pay cut, but many others did much better.
Please do not challenge me over what your hourly rate is, otherwise I might put it up here for all to see. Then all your jealous "bottom feeder, sh1thouse airlines" friends can make their own minds up whether your T&C's are "benchmarked, market rate".
Please dont think I am anti-Flight Deck either. My last boyfriend was a Captain. I know exactly what you all earn.
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My facts are all fine thank you.
'In touch' courses for all employees? Not for pilots!
'Brainwashing on the hourly rate?' Then you'll remember what that hourly rate was. Please share that with us. You do remember, don't you? What figure, approximately, did they offer?
'Pilots sold their soul over the hourly rate'. Did we? In what way? We didn't agree to do any more work or change our rostering system. I think the hourly rate was the best thing we've done in terms of making our remuneration system fairer in years. Senior guys at the top taking a pay cut? Really? Who? How senior?
'Please do not challenge me over what your hourly rate is, otherwise I might put it up here for all to see'. I challenge you. I dare you. I double dare you. Please, pretty please, with a cherry on top, post our hourly rate here. The guys in the '****house' airlines already know what we get, let's see if you really do.
Your posts could have been cut and pasted direct from the BASSA forum. In true BASSA style they are long on rhetoric and short on fact. Lets see some facts next time please.
'In touch' courses for all employees? Not for pilots!
'Brainwashing on the hourly rate?' Then you'll remember what that hourly rate was. Please share that with us. You do remember, don't you? What figure, approximately, did they offer?
'Pilots sold their soul over the hourly rate'. Did we? In what way? We didn't agree to do any more work or change our rostering system. I think the hourly rate was the best thing we've done in terms of making our remuneration system fairer in years. Senior guys at the top taking a pay cut? Really? Who? How senior?
'Please do not challenge me over what your hourly rate is, otherwise I might put it up here for all to see'. I challenge you. I dare you. I double dare you. Please, pretty please, with a cherry on top, post our hourly rate here. The guys in the '****house' airlines already know what we get, let's see if you really do.
Your posts could have been cut and pasted direct from the BASSA forum. In true BASSA style they are long on rhetoric and short on fact. Lets see some facts next time please.