Wednesday 11 October 2006

The real issue at BA

On Monday British Airways lost 2 executives as a result of an internal BA probe into price fixing. The press as usual, and the BBC (see yesterday's post below) have decided that BA has a huge case to answer and will be fined up to £1 billion.

This is nonsense, even if guilty of carte lbehaviour in cargo and surcharge flights, a fine will only apply to a small fraction of BA's operations, meaning that even the maximum fine would be considerably less, perhaps £30 million at most. This would still be the largest fine ever for a UK plc. Nonetheless, with profits at over £650 million for the year, BA could swallow this. It is not as if the firm pays a dividend to shareholders anyway.

The real issue for BA are the
BA Pension talks, the Unions have taken a hard line as expected and they really do want £1 billion put into their staff pension fund. This would hugely hamper one of the only truly successful major carriers. Why? Well BA needs to upgrade its ageing fleet and this will be hampered if debts are increased massively instead to pay the pensions.

I have blogged on the state of our pensions before and here I wanted to put the case from the other side for a change. BA is a successful business and employs 40,000 people, threatening it with Union action over pensions is very destabalising and do we really want the company share price to fall enough that it attracts a bid from Emirates?

Unions, Management and Staff need to be realistic about the future and come to a sensible compromise.


Anonymous said...

Pensions is a big issue, a huge issue, will get worse with our new laws in age discrimination.

AntiCitizenOne said...

If BA went bust the UK would most liekly get a decent airline in its place.

Anonymous said...

情色電影, aio交友愛情館, 言情小說, 愛情小說, 色情A片, 情色論壇, 色情影片, 視訊聊天室, 免費視訊聊天, 免費視訊, 視訊美女, 視訊交友, ut聊天室, 視訊聊天, 免費視訊聊天室, a片下載, av片, A漫, av dvd, av成人網, 聊天室, 成人論壇, 本土自拍, 自拍, A片, 愛情公寓, 情色, 舊情人, 情色貼圖, 情色文學, 情色交友, 色情聊天室, 色情小說, 一葉情貼圖片區, 情色小說, 色情, 色情遊戲, 情色視訊, 情色電影, aio交友愛情館, 色情a片, 一夜情, 辣妹視訊, 視訊聊天室, 免費視訊聊天, 免費視訊, 視訊, 視訊美女, 美女視訊, 視訊交友, 視訊聊天, 免費視訊聊天室, 情人視訊網, 影音視訊聊天室, 視訊交友90739, 成人影片, 成人交友,

免費A片, 本土自拍, AV女優, 美女視訊, 情色交友, 免費AV, 色情網站, 辣妹視訊, 美女交友, 色情影片, 成人影片, 成人網站, A片,H漫, 18成人, 成人圖片, 成人漫畫, 情色網, 日本A片, 免費A片下載, 性愛, 成人交友, 嘟嘟成人網, 成人電影, 成人, 成人貼圖, 成人小說, 成人文章, 成人圖片區, 免費成人影片, 成人遊戲, 微風成人, 愛情公寓, 情色, 情色貼圖, 情色文學, 做愛, 色情聊天室, 色情小說, 一葉情貼圖片區, 情色小說, 色情, 寄情築園小遊戲, 色情遊戲, 情色視訊,