BA Direct Entry Pilot.
Joined: Apr 2010
Posts: 8
Likes: 0
From: Latvia
Worrying piece of info there for those of us in the pool. However, I was under the impression that the new EASA ftl's also played a significant part in increasing the number of pilots required.
Would be interesting to see what we're told. How will Brexit affect EASA/UKCAA relationship, etc etc.
Would be interesting to see what we're told. How will Brexit affect EASA/UKCAA relationship, etc etc.
Joined: Oct 2007
Posts: 204
Likes: 13
From: UK
Whatever happens the UK CAA will be regulated by EASA. We aren't going back to the days of CAP371, forget it!
Joined: Feb 2001
Posts: 6,729
Likes: 104
From: The Winchester
Some of the comments here might have something to do with it:
https://uk.news.yahoo.com/brexit-clo...072831386.html
Personally even sceptical old me is now becoming slightly concerned about where this could lead if the current uncertainty continues...I think we're below a share price that can be explained by a bit of a readjustment and " no surprise there then" and are heading more into "OK, this is starting to feel a bit uncomfortable, you can stop now...!!"
..CW, you're more clued up on the stocks and share stuff than me - do you have any thoughts on the AFP piece?
https://uk.news.yahoo.com/brexit-clo...072831386.html
Personally even sceptical old me is now becoming slightly concerned about where this could lead if the current uncertainty continues...I think we're below a share price that can be explained by a bit of a readjustment and " no surprise there then" and are heading more into "OK, this is starting to feel a bit uncomfortable, you can stop now...!!"
..CW, you're more clued up on the stocks and share stuff than me - do you have any thoughts on the AFP piece?
Joined: Aug 2002
Posts: 898
Likes: 73
From: UK
I could have sworn Walsh said IAG would be unaffected by Brexit though. Yes, I can see that statement may well have been made on the basis that traffic can be moved within the group and so still effect BA greatly for instance, but if his words are true the IAG share price should not be experiencing such a violent hammering.
Joined: Feb 2005
Posts: 995
Likes: 103
From: Botswana
IAG is a Spanish registered company, right? And BA (whilst nominally British but owned by a Spanish company) don't in any case do any intra-Europe flying. So aside from the short term reduction in passengers - even if that does become reality - what exactly is the problem? Thought it would be more easyJet affected by this as per the previous post and Willie Walsh's comments.
In any case it has got me worried to the point where I've actually registered and started applications elsewhere. To be sped up or ignored as necessary.
In any case it has got me worried to the point where I've actually registered and started applications elsewhere. To be sped up or ignored as necessary.
Last edited by RexBanner; 27th June 2016 at 18:04.
Joined: Aug 2007
Posts: 954
Likes: 64
From: england
I reckon if anybody comes out and says they know what's going to happen in the forseeable future they're having you on.
Certainly none of the political elite knew what the result was going to be and seem amazed and shocked.
I can't imagine the likes of the BA or IAG board having planned for a Brexit, and having just finished Taleb's book Black Swan, can see it is the unforeseen consequences of Brexit that are likely to scupper future plans, whether for expansion at LHR or BA.
That coupled with the fact that the second raters are about to take charge of the UK economy doesn't bode well for the future.
Certainly none of the political elite knew what the result was going to be and seem amazed and shocked.
I can't imagine the likes of the BA or IAG board having planned for a Brexit, and having just finished Taleb's book Black Swan, can see it is the unforeseen consequences of Brexit that are likely to scupper future plans, whether for expansion at LHR or BA.
That coupled with the fact that the second raters are about to take charge of the UK economy doesn't bode well for the future.
Joined: Jan 2012
Posts: 71
Likes: 0
From: Spain
Yes that article does make for worrying reading Wiggy.
On the revenue side it seems like 2 large customer bases for BA will show less tendency to travel due to Brexit. The first group are the city and business types. The current uncertainty puts corporate deals, IPOs etc on hold until there is some idea of what a future trade agreement will look like with the EU, thus there will be less demand for business travel. The other group to be affected will be UK based would-be holiday makers now less likely to travel due to the value of Sterling.
On the flip-side it is worth noting that a devalued sterling makes our flights, and our country, more affordable for foreign points of sale, and other BA markets such as connecting India-USA flows via LHR may be unaffected so it is not all bad news.
On the cost side the price of fuel (paid for in US dollars) has just shot up as a result of sterling's devaluation. There will also be significant other costs paid for in foreign currency that have now just shot up in price. But we do also earn revenues in foreign currency so this mitigates it to some extent.
Overall the analysts paint a bleak picture in the short to medium term. I wouldn't expect any immediate reaction from IAG ( apart from perhaps accelerated cost cutting and delaying capex). But if things do go south it isn't unthinkable for the company to shrink again with 744s being sent to the desert. On topic this could halt any further recruitment, apart from that required for new sickness assumptions, retirements, and EASA, although these would be far smaller numbers than required for growth.
Fingers crossed and all that.
On the revenue side it seems like 2 large customer bases for BA will show less tendency to travel due to Brexit. The first group are the city and business types. The current uncertainty puts corporate deals, IPOs etc on hold until there is some idea of what a future trade agreement will look like with the EU, thus there will be less demand for business travel. The other group to be affected will be UK based would-be holiday makers now less likely to travel due to the value of Sterling.
On the flip-side it is worth noting that a devalued sterling makes our flights, and our country, more affordable for foreign points of sale, and other BA markets such as connecting India-USA flows via LHR may be unaffected so it is not all bad news.
On the cost side the price of fuel (paid for in US dollars) has just shot up as a result of sterling's devaluation. There will also be significant other costs paid for in foreign currency that have now just shot up in price. But we do also earn revenues in foreign currency so this mitigates it to some extent.
Overall the analysts paint a bleak picture in the short to medium term. I wouldn't expect any immediate reaction from IAG ( apart from perhaps accelerated cost cutting and delaying capex). But if things do go south it isn't unthinkable for the company to shrink again with 744s being sent to the desert. On topic this could halt any further recruitment, apart from that required for new sickness assumptions, retirements, and EASA, although these would be far smaller numbers than required for growth.
Fingers crossed and all that.
Joined: Aug 2011
Posts: 7
Likes: 0
From: UK
Brexit
These may be of interest to some of you.
British Airways Seeks Brexit Tourism Boost as Ryanair Downbeat - Bloomberg
Brexit: British Airways owner IAG claims it won't cut UK jobs or move assets
British Airways Seeks Brexit Tourism Boost as Ryanair Downbeat - Bloomberg
Brexit: British Airways owner IAG claims it won't cut UK jobs or move assets
Joined: Aug 2012
Posts: 38
Likes: 0
From: UK
.....apart from that required for new sickness assumptions, retirements, and EASA, although these would be far smaller numbers than required for growth.
" Sickness and Fatigue levels are unsurprisingly on the rise in BA (and many other airlines i'd expect) due to EASA FTL's, some fleets doing 5-6 LH trips a month which isn't sustainable long term so certainly numbers will be needed to cope with this continuing problem.
" Sickness and Fatigue levels are unsurprisingly on the rise in BA (and many other airlines i'd expect) due to EASA FTL's, some fleets doing 5-6 LH trips a month which isn't sustainable long term so certainly numbers will be needed to cope with this continuing problem.
Joined: Feb 2005
Posts: 995
Likes: 103
From: Botswana
5-6 LH Trips a month. Factually correct but the annual limits stand unchanged. So yes they may be able to roster 5-6 trips in a month for a while but sooner or later in the year you are going to hit the 900 hour buffer. Sooner in this case! 90 hours a month leaves you with November and December off by my reckoning, not much number crunching involved. So no, these rosters are not sustainable even as it stands.
Joined: Apr 2015
Posts: 15
Likes: 0
From: Earth
@cw
Yes, and apart from true/false some answers are a sentence and you have to pick which one is correct according to whats featured in the text.
What are some good resources for day 2? Thanks all!
Yes, and apart from true/false some answers are a sentence and you have to pick which one is correct according to whats featured in the text.
What are some good resources for day 2? Thanks all!
Last edited by bradandwhitney; 30th June 2016 at 22:18. Reason: Spelling