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Old 26th Jun 2016, 14:29
  #3001 (permalink)  
 
Join Date: Jun 2008
Location: Balpamyass Palace
Age: 51
Posts: 265
Congratulations to all of you guys who voted "OUT"

European Union is a dictature. More countries will soon be leaving EU.
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Old 26th Jun 2016, 16:37
  #3002 (permalink)  
 
Join Date: Aug 2014
Location: Sand free now
Posts: 193
wind check. Yuk. There are plenty of other places to vent your spleen over Brexit.
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Old 26th Jun 2016, 17:38
  #3003 (permalink)  
 
Join Date: Feb 2005
Location: Botswana
Posts: 866
Whatever happens the UK CAA will be regulated by EASA. We aren't going back to the days of CAP371, forget it!
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Old 27th Jun 2016, 14:14
  #3004 (permalink)  
 
Join Date: Oct 2007
Location: UK
Posts: 196
Whatever happens the UK CAA will be regulated by EASA. We aren't going back to the days of CAP371, forget it!
Hold on, so the 'Vote Leave' camp made promises that would never be delivered? Imagine that? Sorry about the spleen venting!
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Old 27th Jun 2016, 14:17
  #3005 (permalink)  
 
Join Date: Aug 2002
Location: UK
Posts: 688
How on Earth does a stock go from 520p to 345p in two trading days?
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Old 27th Jun 2016, 14:42
  #3006 (permalink)  
 
Join Date: Feb 2001
Location: The Winchester
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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?
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Old 27th Jun 2016, 15:29
  #3007 (permalink)  
 
Join Date: Aug 2002
Location: UK
Posts: 688
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.
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Old 27th Jun 2016, 17:24
  #3008 (permalink)  
 
Join Date: Feb 2005
Location: Botswana
Posts: 866
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.

Last edited by RexBanner; 27th Jun 2016 at 18:04.
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Old 27th Jun 2016, 18:01
  #3009 (permalink)  
 
Join Date: Aug 2007
Location: england
Posts: 752
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.
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Old 28th Jun 2016, 00:04
  #3010 (permalink)  
 
Join Date: Jan 2012
Location: Spain
Age: 41
Posts: 47
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.
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Old 28th Jun 2016, 13:40
  #3011 (permalink)  
 
Join Date: Mar 2011
Location: surrey
Posts: 2
Sim date

Hi all
I have a sim assessment 27th July, PM me if you have the same.

Many thanks
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Old 28th Jun 2016, 18:21
  #3012 (permalink)  
 
Join Date: Aug 2011
Location: UK
Age: 40
Posts: 7
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
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Old 29th Jun 2016, 19:21
  #3013 (permalink)  
 
Join Date: Aug 2012
Location: UK
Posts: 37
.....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.
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Old 29th Jun 2016, 19:34
  #3014 (permalink)  
 
Join Date: Feb 2005
Location: Botswana
Posts: 866
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.
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Old 30th Jun 2016, 20:32
  #3015 (permalink)  
 
Join Date: Feb 2002
Location: Northants
Posts: 692
90 hours a month is not unusual and doesn't necessarily mean two months off at the end of the year. Factor in six weeks leave and two simulator blocks/SEP etc and it all comes together.
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Old 30th Jun 2016, 20:40
  #3016 (permalink)  
 
Join Date: Feb 2006
Location: Unknown
Posts: 46
Just wanted to clarify what the new verbal reasoning test entails, is it similar to the old one in respect of reading a long passage and then answering either True/False or Cannot say?
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Old 30th Jun 2016, 20:49
  #3017 (permalink)  
 
Join Date: Feb 2005
Location: Botswana
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Flap62 that wasn't meant to be taken literally it was just to highlight that to all practical purposes it is completely impossible to do 90 hours month after month.
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Old 30th Jun 2016, 22:10
  #3018 (permalink)  
 
Join Date: Apr 2015
Location: Earth
Posts: 15
@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!

Last edited by bradandwhitney; 30th Jun 2016 at 22:18. Reason: Spelling
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Old 1st Jul 2016, 10:26
  #3019 (permalink)  
 
Join Date: Feb 2006
Location: Unknown
Posts: 46
BW

Thank you very much for the clarification, best of luck in the remainder of the selection process.
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Old 1st Jul 2016, 12:20
  #3020 (permalink)  
 
Join Date: Mar 2016
Location: London
Posts: 11
BW - Reading the previous 154 pages of this thread and the low down part 1 thread gives you all the preparation material you need! Good luck!
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