UK government says no industry-wide bailout for aviation
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I must say cir-cum is a very funny word.
Jokes aside, this industry will contract, as many industries will and have done. It's going to be a very sad few years, but I can't help but feel some people in this industry are terribly entitled. At least this industry has a healthy underlying trend (you're not miners in the 80s!).
Any government help will be appreciated, but we can't take it for granted one bit. It was only a few weeks ago that EZY, BA & FR were moaning about rescuing flybe not being fair. Not that all the 1000s of employees deserve to pay for the sins of the greedy executives.
Jokes aside, this industry will contract, as many industries will and have done. It's going to be a very sad few years, but I can't help but feel some people in this industry are terribly entitled. At least this industry has a healthy underlying trend (you're not miners in the 80s!).
Any government help will be appreciated, but we can't take it for granted one bit. It was only a few weeks ago that EZY, BA & FR were moaning about rescuing flybe not being fair. Not that all the 1000s of employees deserve to pay for the sins of the greedy executives.
Not that all the 1000s of employees deserve to pay for the sins of the greedy executives.
Quite right. Shouldn’t the owners bail out their own companies first? When they’re on the point of collapse, and if it’s in the public interest, maybe public money should be put in. I’d expect drastic changes in the boardrooms and executive pay and bonuses to be slashed. Hopefully, the government learnt its lesson from the banking bailout.
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Without being political, what seems most strange is that all the right wing Tory policies that they thought served them best over the last 12 years (corporate super-profits, austerity for the working classes, privatising the NHS, stopping the nanny state, and going ultra-small state intervention, oh and isolating ourselves from our colleagues in Govts across Europe who want a collaborative approach).... are now seen as completely the opposite of what we all are crying out for now (care workers, nurses, delivery drivers, sorters, stackers, ie: all those on minimum wages, gig economy types, and migrants that we apparently thought should go home). Since 2016 we have driven 50,000+ NHS workers out of the country because we didn't want them.
nationalization comes to mind...and kick out those blood sucking CEOs who's wages largly depend on stock exchange values.
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Anyway as far as Sallyanne comment on Zoom etc we use them a lot as a company, and personally have been using video conferencing since late 80,s when you needed video conferencing suites to do it, but I was still doing a minimum of 2 transatlantic s a month regardless, as people want to interact with you, and know you, and watching a monitor does not appear to work as well as the makers and suppliers would like because we are human. Therefore I do think Business travel will come back, but leisure maybe a little slower, and more so at the lower end of the market as that section of society will financially hurt the most as ever.
Mr Mac
Mr Mac
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Late to the thread but all I can say is good riddance. No bailouts for the banks, aviation or the rail companies should be given.
For far too long customers have been squeezed and screwed over by companies in the name of soaring profits and dividend payouts. Especially in aviation employees have been treated like dirt too whilst their senior management teams sat on inflated pay rises and bonuses. We're all in it together? My backside we are.
So kindly take your dwindling profits and sob stories and sod off. Use your bottom line to fight your way through this mess like the rest of us are having to do. If your banking agreements and credit lines don't extend far enough so that you collapse, so be it.
Why is that when there's a crisis like this individuals are expected to be sat on a ton of personal savings to see us through it all with no bailouts and no protection from blatant price gouging by greedy companies. Yet the moment the going gets tough for big companies they go running to the government begging for more of our tax money.
Airlines are rotten to the core anyway. Its time for a shake up.
For far too long customers have been squeezed and screwed over by companies in the name of soaring profits and dividend payouts. Especially in aviation employees have been treated like dirt too whilst their senior management teams sat on inflated pay rises and bonuses. We're all in it together? My backside we are.
So kindly take your dwindling profits and sob stories and sod off. Use your bottom line to fight your way through this mess like the rest of us are having to do. If your banking agreements and credit lines don't extend far enough so that you collapse, so be it.
Why is that when there's a crisis like this individuals are expected to be sat on a ton of personal savings to see us through it all with no bailouts and no protection from blatant price gouging by greedy companies. Yet the moment the going gets tough for big companies they go running to the government begging for more of our tax money.
Airlines are rotten to the core anyway. Its time for a shake up.
If you take the high end CEO pay and divide it among all the employees, they would end up with squat and a dead company.....
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If you take the high end CEO pay and divide it among all the employees, they would end up with squat and a dead company.....
https://www.payscale.com/data-packag...-pay/full-list
Total compensation: https://aflcio.org/paywatch/highest-paid-ceos and https://www.forbes.com/lists/2006/12/Rank_1.html
But for routine progress meetings, why travel? I'm actually looking forward to one that I can do without leaving home. There is little pleasure in airline flight these days.
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Even more complex with the tour operators however, since of course the tour operator is needed for the airline to operate, they can't be treated as separate and many have functions spread across the various countries. They will be a bigger challenge than the scheduled airlines, but guess they could just close the airlines and hope the tour operators survive and force them to fly passengers on the other 2 airlines (shorthaul low cost and longhaul full service)
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To be honest and i am talking against my own professional domaine, i hope there will be less air traffic in the post corona era. The customer was simply spoiled with choices of airlines and destinations. All this was leading to eroding terms and conditions. And top of that: why do we have to do 6 city trips a year, going shopping in new york on a friday and coming back on a sunday or having a weekend party in Ibiza?
Why cant we just be happy with a normal trip bike or hike on a sunny day?
To be honest, at the moment i like the peace and hearing the birds again. Or am i just too old fashioned?
Why cant we just be happy with a normal trip bike or hike on a sunny day?
To be honest, at the moment i like the peace and hearing the birds again. Or am i just too old fashioned?
I don't see where the Board has anything to do with the detailed workings of validating the software-pilot interactions of a single aircraft.
Now if you have other evidence of something that the boardroom affects than carry on with facts analysis
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By any measure, the US was well into recession by the time 9/11 happened. As was the European Union. If you’re talking the U.K. then no, but only just. It was no bed of roses in 2001. Just look at Enron.
Well they sacked the CEO, I think that constitutes sufficient evidence.
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Anyway it won’t matter to you down the back, as long as we are on time and the WiFi works
Why should he bailout businesses who are sat on huge piles of cash?
Why should be bailout huge companies who are willing to shaft staff members for the sake of satisfying shareholders?
I think he's doing a good job.
Why should be bailout huge companies who are willing to shaft staff members for the sake of satisfying shareholders?
I think he's doing a good job.