Demise of BA
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The thing about market crashes (and rallies), is that they very rarely come when anybody is expecting them, thats why the price movements can be so severe. Many predicted the inevitable (with hindsight) collapse of the tech stocks, but very few the downturn in the wider market.
If most city institutions are now predicting a year end rally you can bet they are almost fully invested, so now who's left to buy ?.
If no rally is forthcoming and these guys then get the jitters..
[ 03 September 2001: Message edited by: Super Stall ]
If most city institutions are now predicting a year end rally you can bet they are almost fully invested, so now who's left to buy ?.
If no rally is forthcoming and these guys then get the jitters..
[ 03 September 2001: Message edited by: Super Stall ]
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Carpe
You don't know who the Guvnor works for?
I think you'll find he's a full time internet poster/daydreamer!!
No wages coming in there methinks, he's more likely to be using giros as opposed to gyros.
You don't know who the Guvnor works for?
I think you'll find he's a full time internet poster/daydreamer!!
No wages coming in there methinks, he's more likely to be using giros as opposed to gyros.
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Carpe
My opinion is based on close quarter observation, but you are welcome to your opinion.
I have no other connection with BA than supplying them with consulting services from time to time.
They are big enough to fight their own battles without my small contribution.
But I guess I am thinking as a management consultant, not a pilot. then again, we get paid a lot more than pilots for thinking .....
My opinion is based on close quarter observation, but you are welcome to your opinion.
I have no other connection with BA than supplying them with consulting services from time to time.
They are big enough to fight their own battles without my small contribution.
But I guess I am thinking as a management consultant, not a pilot. then again, we get paid a lot more than pilots for thinking .....
ENTREPPRUNEUR
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The fact that BA's share price or Stock Market recommendations are faltering has little to do with anything. Shares in general are over-priced but no-one seems to be able to accept long-term lack of fast buck profits. Except of course Warren Buffet, and he's the second richest man in the world.
Oh - and me.
Oh - and me.
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I think that Roobarb has got it right here.
Covenant, I'm not confused, BA is run like a government department, but I'm not saying that privatisation is folly, merely that the government when considering a rescue may try to make this appear to be the case. However, New Labour actually seem to like privatisation so maybe they will help BA.
What I'd like answered is how BA are ever going to make money and if they aren't will investors eventually go elsewhere with their money.
[ 04 September 2001: Message edited by: nhl ]
Covenant, I'm not confused, BA is run like a government department, but I'm not saying that privatisation is folly, merely that the government when considering a rescue may try to make this appear to be the case. However, New Labour actually seem to like privatisation so maybe they will help BA.
What I'd like answered is how BA are ever going to make money and if they aren't will investors eventually go elsewhere with their money.
[ 04 September 2001: Message edited by: nhl ]
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Suggs
This is exactly the problem with BA at the moment. It doesn't matter that the aircraft are full, they will still make a loss with the beurocratic fat that they carry, so in the long term they can never make a profit.
Their recently announced staff cuts would appear to be in entirely the wrong areas. Did'nt one of Rods previous disasters suffer severely because of too much trimming in engineering?
Departments still vie as to how much each can spend on courses for their staff in order to maintain their percieved status. The "suits" still run their empires at Waterworld.
The latest rumour is that BAR are to go, further unrest with probably no savings.
At least investors finally seem to be realising that without major changes in strategy and management BA will never be profitable.
This is exactly the problem with BA at the moment. It doesn't matter that the aircraft are full, they will still make a loss with the beurocratic fat that they carry, so in the long term they can never make a profit.
Their recently announced staff cuts would appear to be in entirely the wrong areas. Did'nt one of Rods previous disasters suffer severely because of too much trimming in engineering?
Departments still vie as to how much each can spend on courses for their staff in order to maintain their percieved status. The "suits" still run their empires at Waterworld.
The latest rumour is that BAR are to go, further unrest with probably no savings.
At least investors finally seem to be realising that without major changes in strategy and management BA will never be profitable.
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Well now, let me say this.
I'm just looking at a London to Cairo trip. Travelocity gives me but two direct carriers.
I can choose BA or Egypt Air. Now which one am I going to choose?
Just testing how PC you are - how much you value your life.
Now I'll add this. BA 303 pounds. Egyptair 752 pounds.
You can slag BA off all you like but I think they're trying reasonably hard...
I'm just looking at a London to Cairo trip. Travelocity gives me but two direct carriers.
I can choose BA or Egypt Air. Now which one am I going to choose?
Just testing how PC you are - how much you value your life.
Now I'll add this. BA 303 pounds. Egyptair 752 pounds.
You can slag BA off all you like but I think they're trying reasonably hard...
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Although terrible events have occurred since I started this thread, I think that those who doubted what I said at the time must now realise that the predictions were more accurate than Nostradamus himself!
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Look at this way, BA has had its faults for too many years to just simply change them. Unfortunately it is run by a bunch of idiots who couldnt manage to save their lives, the sad fact is they will never get rid of these klingons, they have been established for too long. As for Roddy well, dipstick.. .If there was other work out there at the moment i would jump at it, but unfortunately me and the other 50000 people are stuck untill we are made redundant. Seeing how BA is operating , it shouldnt be too long now before that happens.. .Good Luck to all at BA dont let the B*****ds get you down. <img src="frown.gif" border="0"> <img src="frown.gif" border="0"> <img src="frown.gif" border="0"> <img src="frown.gif" border="0"> <img src="frown.gif" border="0">
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Desk Pilot
Nice one I could not agree with you more..... <img src="smile.gif" border="0">
Tough times but we will work harder and longer and show the BA bashers they wished they had bought a BA ticket!!!! Probably already have..... <img src="tongue.gif" border="0">
Pete
Nice one I could not agree with you more..... <img src="smile.gif" border="0">
Tough times but we will work harder and longer and show the BA bashers they wished they had bought a BA ticket!!!! Probably already have..... <img src="tongue.gif" border="0">
Pete
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Suggs
You're missing one vital element of airline profitability....
Your a/c might be full..but what yield is BA achieving to get full pax?
Stick to flying...its less taxing on the brain!
You're missing one vital element of airline profitability....
Your a/c might be full..but what yield is BA achieving to get full pax?
Stick to flying...its less taxing on the brain!
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We are in a BEAR market in the USA. And the so called experts , the ones that didnt see this coming, now try to BS the public into telling them that recovery is just around the corner. As I remember, it was just around the corner a year ago, 9 months ago, 7 months ago, etc, and a month ago. Today the experts tell us that it is just around the corner in 6 months. The US Teasury Dept. is pumping Billions of dollars into the system every day and nothing is changing. And unfortunately most countries will suffer because like it or not the US is the engine of the economic train. . . Anyone want to bet that the Dow Jones Industrial average and the price of gold will some day cross each other ?
Hussman.net Select research and insite, then weekly commentary Its FREE
[ 21 February 2002: Message edited by: polzin ]</p>
Hussman.net Select research and insite, then weekly commentary Its FREE
[ 21 February 2002: Message edited by: polzin ]</p>
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LGW Vulture
I scrolled down to read my post before I read yours and was horrified that somebody had stolen my login and password. Then I looked at the date, how times have changed. NHL was right but then most pilots have been saying the same for at least a year and a half.
I think that it's fair to say that the loads aren't quite has high as they were over the Summer!!!
I scrolled down to read my post before I read yours and was horrified that somebody had stolen my login and password. Then I looked at the date, how times have changed. NHL was right but then most pilots have been saying the same for at least a year and a half.
I think that it's fair to say that the loads aren't quite has high as they were over the Summer!!!
