Results 1 to 10 of 10

Thread: British Airways is in a fight for survival

  1. #1
    Celtic Legend Mr Discharge's Avatar
    Join Date
    May 2009
    Location
    Las Americas

    Default British Airways is in a fight for survival

    According to Willie Walsh, the chief executive of British Airways, in a recent statement published in the BA newspaper, the carrier is facing a “fight for survival.” He added: “It’s critical that we all recognise that the diagnosis for our airline is now critical.”

    Walsh stressed that the crisis the aviation airline was facing “has never been more serious.”

    He went on to say: “There has been a significant shift in consumer attitude, with people wanting more and paying less. And things are getting worse. We haven’t yet reached the bottom and everything points towards a protracted downturn.”

    Some areas of BA’s business are seeing progress, such as negotiations regarding pay and productivity, but in other areas change “has been slow”, he noted. Walsh indicated that he has set a deadline of 30 June for completing talks with unions.

    In April, British Airways reported a record loss, cancelling its dividend to shareholders and said that difficult trading conditions made it impossible to provide guidance for the current period.

    In the last year, the airline’s shares have lost 28 per cent of their value. Monday’s closing price was 155.5 pence, which valued the business at 1.79 billion pounds.

  2. #2
    Bhoy's Hero DobbinS 1888's Avatar
    Join Date
    May 2009
    Location
    Glasgow, Scotland

    Default Re: British Airways is in a fight for survival

    Fuck flying after seeing that Jet dissapear yesterday man. Just made my fear of it worse

  3. #3
    Celtic Legend Mr Discharge's Avatar
    Join Date
    May 2009
    Location
    Las Americas

    Default Re: British Airways is in a fight for survival

    Quote Originally Posted by DobbinS 1888 View Post
    Fuck flying after seeing that Jet dissapear yesterday man. Just made my fear of it worse
    Just think of the amount of aircraft in the sky every day, even at this very second there are millions of people in the air. The vast, VAST majority go without any incident.

    Air travel is still by far the safest form of transport. Far safer than cars, busses and trains.


    As for "British" Airways and there uncertain future. Fuck them! That's what they get for turning into London Airways.

  4. #4
    Celtic Legend Mr Discharge's Avatar
    Join Date
    May 2009
    Location
    Las Americas

    Default Re: British Airways is in a fight for survival

    Could British Airways really go bust
    It was close to midnight when Willie Walsh finally emerged from Waterside, British Airways’ sprawling Heathrow headquarters. The airline’s chief executive blinked in the lights of the waiting television crews, cleared his throat, and started to speak, his voice trembling.

    “I am sorry to say that despite our efforts today we have been unable to secure further funding from our banks. The cash drain we sustained as a result of the rolling programme of industrial action by cabin crew and ground staff means we can no longer continue as a going concern. British Airways has this evening been put into administration.”

    This may seem a far-fetched scenario, but not according to Walsh’s own doom-laden forecasts. BA is in trouble, with recession and the banking crisis – banks accounted for nearly 40% of BA’s business-class traffic – pushing it to its worst-ever loss in the financial year that ended in March.

    In recent weeks Walsh has issued dire warnings to staff, saying that almost all the business is unprofitable, the current awful trading situation will only get worse and that the company faces “a fight for survival”.

    Click here for the full article. Its a long one.

  5. #5
    woooooooo Hoopymo's Avatar
    Join Date
    May 2009
    Location
    I do stuff. Mod stuff. Sometimes on fire.

    Default Re: British Airways is in a fight for survival

    Haha wanks

  6. #6
    Sheabhoy08 Sheabhoy08's Avatar
    Join Date
    May 2009
    Location
    Glasgow

    Default Re: British Airways is in a fight for survival

    Agreed Andy ,they have treated their customers with contempt for years!!!

  7. #7
    The '59 Sound Mr Brightside's Avatar
    Join Date
    May 2009
    Location
    Glasgow

    Default Re: British Airways is in a fight for survival

    Sure they have been bastards but it's not good to see companies like this go bust when all their workers will be out of a job with families to feed and a morgage to pay.
    I'm raising money for the Multiple Sclerosis Trust. Any donations would be really sound and much appreciated!

    http://uk.virginmoneygiving.com/paulregan93


  8. #8
    Celtic Legend Mr Discharge's Avatar
    Join Date
    May 2009
    Location
    Las Americas

    Default Re: British Airways is in a fight for survival

    Quote Originally Posted by Mr Brightside View Post
    Sure they have been bastards but it's not good to see companies like this go bust when all their workers will be out of a job with families to feed and a morgage to pay.
    TBH; BA care as much about their employees as much as they do about there customers. Sure losing your job isnt good, but BA are asking there cabin crew, pilots and ground staff to world for an entire month without pay while the top earners (excluding two) will continue to rake in there £60k + per month.

    BA closed its bases in Glasgow and Manchester last year with houndreds of jobs lost at both airports. Again; BA really dont care for there staff or customers that live outside the M25.

  9. #9
    Celtic Legend Mr Discharge's Avatar
    Join Date
    May 2009
    Location
    Las Americas

    Default Re: British Airways is in a fight for survival

    Time runing out for British Airways as cabin crew threaten strike action
    British Airways is looking to a turbulent future as it failed to secure a 'survival' deal on job cuts, pay and perks with its 14,000 cabin crew this evening.

    Cabin crew members said they will ballot for strike action, resulting in a summer of air travel chaos, if chief executive Willie Walsh seeks, as threatened, to 'impose' a deal on them.

    Crucial talks at Heathrow to reach agreement on cost cutting at the airline ended in deadlock tonight as the deadline for a peace-deal passed without resolution.

    Mr Walsh had imposed the deadline of June 30 for approving cost savings, including up to 4,000 job cuts - of which half would be cabin crew, cuts to working conditions and stop-over perks, as well as reducing crew numbers on flights and axing overtime payments.

    It follows British Airways reporting huge losses of £401million last year.

    Cabin crew union BASSA said BA had rejected their own offer to make £173m of savings.

    Unions are also understood to have offered to agree changes on a temporary basis until the economy and the airline's prospects improved, but BA has insisted throughout it wants 'permanent' changes to working conditions.

    Other sticking points with cabin crew unions are understood to include severe disagreement over the outsourcing of jobs and concerns over the prospect of compulsory redundancies and well as arrangements for consulting unions over job losses.

    BASSA has called a mass meeting to be held at Kempton Park Racecourse on Monday and said:'This really will be the big one.'

    One cabin crew union insider said:'There's no deal. If Willie Walsh lives up to his promise and seeks to impose a deal, there will be an immediate ballot for industrial action and strikes.'
    Another said:'Most crew are worried and do not want to strike, But as Walsh is unwilling to negotiate, they see less and less of an option if a ballot is sent out.
    'Walsh wants to break the unions, particularly Bassa the cabin crew union, kick out the current cabin crew and change the payscales drastically.'

    Union negotiators characterised negotiations with BA as 'going nowhere fast' .

    In the latest letter to members, BASSA writes: 'They want cheap crew and the only way to do that is to remove the cabin crew unions and your agreements.'

    All new crew employed will be on a different contract, and only staff on the new contracts will be offered promotion, says the union.

    Stop-over perks mean British Airways cabin crew earn around £29,900 compared to £20,000 at easyjet, £14,400 at Virgin Atlantic and £12,100 at bmi.

    This evening unions called a meeting of senior stewards at the Renaissance Hotel near Heathrow airport to review any progress made at the talks.

    Hopes of a deal were higher with the 7,000 ground crew and headquarters staff who are members of the GMB union, and there were suggestions last night of a deal or an extension to talks.

    Pay cuts were agreed with leaders of BA pilots earlier this month in return for £13m in share options.

    Union sources said up to 100 managers who took voluntary redundancy at the end of last year at an average cost of £100,000 have been brought back by BA for £1,000 a day to fill 'holes', and potentially help deal with any strike action.

    Last week BA announced that almost 7,000 staff had applied for voluntary pay cuts, including 800 who said they will work unpaid for up to a month.

    Of the 40,000-strong workforce, 6,940 employees had volunteered for unpaid leave, part-time working or unpaid work by June 24, which the company said will save up to £10 million.

    Chief executive Willie Walsh, who has already announced that he will work unpaid for the month of July, said it was a 'fantastic first response'
    But unions accused the airline's managers of bullying staff into signing up, a charge denied by BA.
    Officials said staff were pressured by email to accept one of the options or face a meeting with a British Airways manager.

    BA chief executive Willie Walsh and his official BA News paper have hammered home repeatedly that what is at stake is the very 'survival' of the airline.

    An e-mail letter sent by Mr Walsh to all employees spells out that there is no immediate risk of BA going bust but that without a permanent deal 'then the future of our business is definitely at risk.'

    Virgin Atlantic boss Sir Richard has exploited BA's doom-laden warnings to suggest that BA is either 'going bust' or scaremongering.

  10. #10
    woooooooo Hoopymo's Avatar
    Join Date
    May 2009
    Location
    I do stuff. Mod stuff. Sometimes on fire.

    Default Re: British Airways is in a fight for survival

    Good to see the staff take force.

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •