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During my planning to fly to Moscow in July I researched a number of airlines, including BA. One of these airlines was Aeroflot, both Aeroflot and BA flying Heathrow to Moscow Return. I researched KLM to fly B/ham, Moscow return. BA priced this flight at 1000:00 per person. KLM came out at 300:00 per person. Guess which airline I am flying although I do have a stopover of 2 hrs in Amsterdam. No wonder BA is losing customers
i will make it 2 bottles of champagne.
Come back on here in three years, and if Walsh hasn't wrecked BA, I'll send you a bottle of champagne.
It's an opinion, nothing else. Mine is that he will win through and will be proven right in the end. That's all I'm saying, that's my opinion and I'm sticking to it until proved wrong!
Win for him; wreck for BA. Read this extract from an open letter posted by BA shareholder and financier Mamad Kashani Akhavan 'Since his appointment as BA’s CEO, Mr Walsh has continually reduced the level of service that BA offers to its business and first class passengers. He has also failed to adequately modernise existing planes or purchase enough new planes to keep up with his competition. This has resulted in a loss of a great number of BA’s premium passengers to competitors such as middle eastern and far eastern airlines. It is undeniable that BA is losing many of its business passengers not because of the recession but as a direct result of its management’s bad decisions. Mr Walsh’s management style is simple: it is either his way or the highway. Since his appointment, he has not only continually ignored the advise of many of BA’s highly experienced employees but also the wishes of his own passengers. He wrongly believes that he knows more than everyone else and has no interest in receiving feedback from employees or passengers. In his delusional vision for BA, everything should be inferior and low cost including the quality of its cabin crew. Ironically, he actually expects - with this absurd vision - to charge and receive higher fares from his business and first class passengers than any other airline. As a result of his wrong decision making, BA has lost a billion pounds in two years; ENOUGH IS ENOUGH. Kind regards Mamad Kashani Akhavan
It's a possibility, the job may be too large for him, but I think he'll win through eventually and will come out positive from this. Lets wait and see, all IMO.
We've all seen guys like Walsh drive a premium brand down into the swamp for a quick profit boost and bonus. It won't work. People pay a premium to fly BA because they get a premium service. Down in the low cost swamp he'll be scratching for dimes not dollars, like all the others. Many say he has no record of success for a job this big, and was NOT invited to the post but talked himself into it with the promise of breaking the unions. So far its just another costly move of many, like the price fixing fiasco, fuel hedging, and others I could mention. But do you want me to go on. You think he will come out of it a shining knight. I think he will leave behind a busted brand - known forever as Brutish Airways.
Yes i do my friend, whilst I appreciate the information about his time at Aer Lingus, I think the BA job is far bigger and whilst I'm sure he is paid handsomely for the job, however if BA is to have any future they need WW on board to drive the changes through. If that means stepping on few toes in the process so be it, the company needs his approach to survive. All IMO mind you, there will be others I'm sure with similar and differing views.
Do you really wish willie walsh well with what he's doing as BA. ? Check out the Wikipedia entry for him: 'The Taoiseach Bertie Ahern subsequently described Walsh's offer of an MBO as "a time when management wanted to steal the assets for themselves through a management buy out, shafting staff interests." '
fookin clueless..... You are the clueless one....if you think that what I said can be ridiculed. I'm just stating it as it is. The fact that our wages are higher than most of the rest of the world's is a thing to be proud of? You can't have it both ways. People want more, and more gets more. Our wages are already higher than every other country, so why should we want more? You guessed it, people are greedy, everyone. From the humble street cleaner to the high powered boss. If the people in the third world work for peanuts, then that's their choice, and I can tell you they are happy with their jobs, as whats the alternative - begging? Of course they want more, and here we are again, more wants more. Who doesn't want more? So, am I making this up, is this trickery, smoke and mirrors. I don't know, you decide for yourself, then tell me. No, don't tell me - I don't want to know. I've got enough, yes enough. So, who's the one who's fookin clueless, you or me?
BA has exposure to Latin America thru Iberia. Just announced that through its link with American Airlines that there is a strong possiblilty of an interline link with Jet Blue in the USA. Gets even better
Good stuff.......u read that at boarding school.......and we now buy coal from Brazil, ships from the far east and our economy is built on rock solid errrrr financial services......... "modern, internationally competitive market" means competing against subsidised or developing or third world countries where they earn a fraction of UK wages.........fookin clueless
Maggie and the Tories got the blame for the coal mines closing, when in reality it was the unions that put the lid on it. The lack of competitiveness was a result of workers not willing to make the changes the management tried to bring in. It's the same story with BA, and if it closes you can bet it won't be the unions that get the blame for it. This old labour style union attitude belongs in the dark ages - its no good for a modern, internationally competitive market.
Willie Walsh's legacy will be took on the unions and won. It about time we had a few more like him and wish him well with what he's trying to do at BA. I'm not in the share but I watch with intrest and will buy some soon, hopefully I get in around 180, that would a bargin I think
BASSA's credibility is already ZERO and yesterday Derek Simpson of UNITE made a gross error in networking details of the ongoing talks. IMHO any Court judge will now see UNITE's true intentions for what they are, absolutely without credibility. JUN12 is coming, but I would not now be at all surprised to see BA CEO Walsh play his final Ace of Spades in short shirft..... UK Plc urgently needs the foreign currency BA absorbs (one reason the City is so pro), but many thousands of jobs, not just of BA's mostly committed staff, but also those of the ancillarary companies depend on a quick resolution. The shareprice may well be about to lft-off!
I work for BA and many colleagues back Willie Walsh and hope that he does not back down. There are a large number os staff willing to volunteer in support of keeping aircraft flying during the strike. The cabin crew are over paid and are trying to protect T&C's established from a bygone age when there was no competition. They need to wake up to reality. Hopefuly they will be sacked and save the company millions in the process as replacement crew cost significantly less. I still think the share price has a way to drop before I would buy in but anything less than 150 is a bargain. BA will survive but needs to reduce it's cost base.
i'll tell u one thing, that union leader guy is like ur stereotypical old labour idiot. Unions should just be a piece of history nowadays. Better off without ********s like that around. Willie Walsh and the staff that support him are dead right, theres a different agenda at work here.
I’m lost. This is a loss making company to the tune of nearly £1.5m/day!! Why hold shares in this company??
British Airways strikers, sack the lot of them and close down BA?
Walsh is about the be interviewed on the BBC
ouch....! And that doesnt include the volcanic distruption or the strikes......
Record £531m losses announced on the BBC news http://news.bbc.co.uk/1/hi/business/10135112.stm
£531 million loss on BBC
British Airways has won a dramatic 11th hour injunction which halted a crippling strike planned by thousands of its cabin crew in a bitter row over jobs, pay and staffing levels. Mr Justice McCombe granted an order against Unite, giving a reprieve for passengers who had faced weeks of travel chaos but drawing furious criticism from unions. Unite immediately vowed to lodge an appeal against the decision, which leaders described as an "absolute disgrace". New Transport Secretary Philip Hammond, who held separate talks with both sides, said the judgment was good news for passengers. Unite members had been due to stage the first of four five-day walkouts from midnight on Monday, but the union was now urgently contacting its members to tell them to work normally. BA chief executive Willie Walsh and Unite leaders Tony Woodley and Derek Simpson spent three hours at the conciliation service Acas and adjourned shortly after the court decision. Acas said: "Discussions took place at Acas this afternoon and obviously events outside of the talks have progressed. In these circumstances, the parties have adjourned to reflect on their respective positions." Mr Walsh said he hoped the injunction gave the union a chance to pause and consider again the "very fair" offer BA had made. "There will be further talks but events have been overtaken by the court's decision," said Mr Walsh, adding that the industrial action was "unjustified". He said relations between the two sides were "strained", but he added: "I genuinely believe it is time to move on. We have an opportunity to pause and reflect and hopefully we will be able to make progress."
http://news.uk.msn.com/uk/articles.aspx?cp-documentid=153345413