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British Airways heading for a 1bn loss- a record amount?

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British Airways heading for a 1bn loss- a record amount?

Old 30th Jan 2010, 17:30
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British Airways heading for a 1bn loss- a record amount?

Read this today, will this be the largest loss of any UK airline ever?

British Airways heading for a 1bn loss - Times Online
Totally_Bananas is offline  
Old 30th Jan 2010, 17:55
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Dog Tired
 
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Close it down and start again. The unions deserve it.
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Old 30th Jan 2010, 18:09
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Fantom

The usual simple reaction from a simple mind, both the Pilot, Engineering & most other unions have cooperated with the BA management to try to solve the problems that BA has.

One other group of employees have not been so far sighted and if they find then selfs without a job I won't shed a tear.
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Old 30th Jan 2010, 19:14
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A and C

ditto. Sauce just aint sinking in, is it.
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Old 30th Jan 2010, 19:18
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So what would the ramifications on the UK aviation industry be if BA were to fold?

Would it leave the door open for AirFrance KLM and Lufty to enter and dominate or would it let new starts in the UK to flourish?

Is BA one of the few British industries that are genuinely too big to fail?
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Old 30th Jan 2010, 19:24
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A short while ago it was suggested, (absolutely wrongly), that Monarch might have been the next UK Airline to fold. This was a very nasty, vindictive & totally incorrect suggestion.
However, I just wonder if the truth of the matter lies with the UK's so called national carrier though. Yes it would be a great pity if BA ended up by folding, but I wonder if that's what the airline & some, not all of it's staff deserve.
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Old 30th Jan 2010, 19:25
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BA will not fold.

An accounting loss is just that. Cash is all that matters when it comes to solvency and BA is fine. This is just management trying to manage the (i) the unions (ii) sink provisions and (iii) the city.

Let's move on.
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Old 30th Jan 2010, 19:26
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G-AWZK,

The answer surely is NO!!!
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Old 30th Jan 2010, 19:28
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A4

Ut Sementem Feeceris
 
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Take a read of the BA Industrial Relations thread in the Cabin Crew Forum.

It's a revelation. Blind leading the Blind into industrial suicide. Unbelievable - like most BASSA communications according to a lot of posters on the CC forum.

If it wasn't so serious it would be funny. BA has played this one perfectly - BASSA are doomed no matter how the Court rules on Monday or which way the CC vote goes.

It's like watching a slow motion car crash.

A4
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Old 30th Jan 2010, 20:12
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Is BA one of the few British industries that are genuinely too big to fail
Why should it be?

BA is no longer the flag carrier of the empire, although much of the management structure still seems to be from that era.

BA no longer operates the "essential services" connecting remote points of the british isles, but seems to concentrate on its international services to the detriment of the remaining UK services.

BA is no longer owned by UK plc.

BA is not exactly the biggest employer in the country

It's been said many times on various threads here that BA would be more honestly re-named as London Airways.

If all BA flights stopped tomorrow, would the world grind to a halt? No

Would UK plc grind to a halt? Likewise, no

Would the tax income from air passenger duty disappear? No.

So, in summary it's not too big to fail & if it did, it wouldn't bring the world or the country to an immediate halt.

It's only hope of a bail out is to cause secondary failure of one or more of the banks that the government has put money into.
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Old 30th Jan 2010, 20:53
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Here we go Nationalisation , would the gov let BA disappear ?? , i think not !!
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Old 30th Jan 2010, 21:05
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Here we go Nationalisation , would the gov let BA disappear ?? , i think not !!
...and in the run-up to a General Election?

It's a great shame that the government didn't let Northern Rock and the banks go under too. Why do they deserve propping up when manufacturing industry wasn't propped up? No help for Austin-Rover, TVR etc etc
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Old 30th Jan 2010, 21:18
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Is BA too big to fail? Remember PanAm!
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Old 30th Jan 2010, 21:24
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B.A Loss

Nationlise it, subsidise it to the hilt then sell it back for pean-nuts to 'Investors' they did it before and they'll probably do it again.
Or, sell it to Richard Branson ???
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Old 30th Jan 2010, 21:27
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Donkey497,

I'm with you all the way, the UK & the worldwide aviation industry do not need BA at all, pity is that a great many BA Staff at all levels can not get this into their heads.
Where as I am very lucky to live, BA stopped operating here many years ago. This is not at all a problem as we have our own world class national carrier, complete with the new `Cuddle Class` seating & the CEO is seen in the body painted buff loading baggage in our adverts.
The people who will suffer whatever the outcome of the present BA farce, are the long suffering pax who remained loyal & those sensible & honourable BA Staff whose voice is just not heard.
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Old 30th Jan 2010, 22:50
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 Close it down and start again. The unions deserve it
A gross insult to all the pilots. engineers and a great many other staff within the airline that are fighting to defeat this strike if it happens, and have sacrificed much to help pull BA through. Get your facts right sir, please.
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Old 30th Jan 2010, 23:16
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Just to get the facts right, the projected loss for this financial year is 602m. The 1bn loss is over two years. Still bad, but not as bad as the headline tries to imply.
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Old 30th Jan 2010, 23:22
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Did not BA once have a low-cost off-shoot that was sold off?

What a great pity it was not grown as hard and fast as possible at the expense of the parent which could have been allowed to wither away.

However I'm only SLF and as my wife often says "You know nuthen".
She even gets the accent right.
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Old 31st Jan 2010, 01:59
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In a mistaken belief that BA's business was "premium passengers" and a failure to recognise that they were in the mass transportation business with a particular legacy monopoly over Heathrow, "go" was sold to easyJet as a non-core enterprise, allowing easyJet to grow substantially at low cost.

Nobody is out to get hard-working staff, but the airline's cost structure survives not as people are prepared to pay so much for BA, but that BA offers the vast majority of routings from London through a legacy structure.

The proof in the pudding is that it cannot afford either to base itself or provide any services from any other city in the UK other than London (except routings into London).

Economics always wins...eventually. Sad as it might be.


And no, I am not prepared to support it through my taxes.
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Old 31st Jan 2010, 02:51
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Whatever the loss is, it is as nothing to the pension deficit.
Which seems impossible to rectify.
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