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I'm awaiting my RI shares on the 7th and then will just sit on my investment.
I've no plans to increase my stake after that for quote some time
GLA
BA don’t lose money from staff travel...
Agree, these extra refurb costs at this time is not smart when they should be conserving cash...
Oct will undoubtedly be a 'volatile' month. as will Nov , once US election over there will be more certainty. my money is on the SP going up end of Dec and in Dec some Directors buying in. That is just a guess but i'll be putting in a stake for that to happen then...(not a big stake though!!)
@sunsurfer
Exactly. BA operate 12 777-300s
The current seating config highlighted by W-D is correct.
However, grounding and sending these aircraft to Cardiff now to strip out First and / or club seats to ramp in more economy seats (which it also couldn't fill at this time) is lunacy.
I very much doubt that KLM or AF are filling their larger economy cabin capacity at this time either.
Trader, you're on the mark, well said.
Other very obvious points missed by WC is the aircraft are configured for the market they serve. BA 777-300 and the likes serve the transatlantic routes which are hugely profitable hence the 14 F class and business config. Other Airlines like KLM/AF simply don't have that market so have a different config.
It is a real possibility that both Brexit and Covid will fundamentally change these markets , how and what shape NK! thats why there is so much uncertainty. TBC, the red nose brigade (Norwegian) were starting to make headway into tapping some of thos atlantic profits, now no more...If they don't survive (and many won't) then that will only make IAG stronger. They will not fail but where will the SP settle at this month would be a brave guess...or a stupid one. So if you are new and thinking of investing only gamble what you can afford to loose...
Once again, instead of just debating the points You resort to personal mud slinging “smacks of jealousy “. I have every sympathy for employees who are worried about their futures etc. But in business cash is king and costs are life threatening . Staff are one of the biggest costs to any business, those costs must be carefully managed. But as I said before it’s the whole business model in BA that needs to be reformed, it’s a dinosaur at the end of the day and if it does not evolve it will become extinct.
I hardly think that pointing out staff in any business often enjoy perks should concern anyone is mud slinging.
All other aspects of your post I fully agree with, highlighting that empty seats are often occupied by 'staff' I feel is not relevant.
It's akin to a shareholder in Tesco saying 'and do you know staff get 10% discount?' as if they begrudge them that benefit.
So I reiterate, it should concern no one what perks ordinary employees get.
It just smacks of jealousy
Trading, firstly i am very happily retired thank you and vey comfortably off, i have no intention of working for anyone! Secondly your mud slinging has highlighted my point. These seats are often empty and filled by staff, United have 350 seats, Emirates 354,qatar 356, KLM 408 seats, BA are running with 299 seats , as i said before, do the maths! Also regarding staff, there are many different contracts throughout the business, this causes jealousy and resentment as well as a management headache when it comes to streamlining costs. These are all issues that have to be addressed in the future in order for the business to thrive. Covid is a huge threat to the whole airline business, failure to re structure and adapt to the future is another.
'Staff' using their 'Perks' can only occupy EMPTY unsold seats regardless of the cabin they then 'sit' in.
It should not concern you whether it be a Captain sat in First, a crew member in Club or a baggage handler in Economy.
Every employee in any company should receive 'perks' after long service.
If your jealous that a BA employee gets a seat on an aircraft go and work for them
Supersede*
Staff travel doesn’t superseded revenue bookings.
the 777-300 has an exit limit of 550 passengers, BA config is 299 seats, first class (which many legacy airlines have ditched years ago) is only 14 "suites" as BA call them, 56 in club world, the ironic thing is often these seats are filled by staff travel who are entitled to first class travel on their annual free ticket (senior executives and Captains etc), KLM for example have 34 world business class, 40 economy comfort and 334 economy seats =408 seats, do the maths? the business needs to re structure to the modern world AND streamline their employee contracts and entitlements (is not just pay, its perks). I am sure long term they will survive, but its going to be a long and bumpy as well as a bloody (union unrest) road.
Come on I’m waiting...
Who’s going to be the bigger man?
Having completely different views on a discussion board is actually healthy and benefits everyone.
You are both clearly educated clever investors but the slander spoils your posts.
Cmon guys lets turn over a new leaf tomorrow.
Thank you
I think you two need to call a truce. You are both as bad as each other and ruining this discussion board acting like children. If you actually met face to face in a pub you would actually be good friends. Who’s going to be the bigger person here and hand out an olive branch? Let’s start afresh tomorrow and move on from this childish bickering and fight this fight together. Please.
George, they need to focus on getting planes up in the skies first. I would only be concerned about the types of travel once they get over that hurdle first!
The world is changing, a lot of the legacy airlines have relied on business travel for their major profits, holiday or economy class has been icing on the cake.
With the advent of new technology many businesses have and will cut costs by using zoom or teams for meetings and that technology is getting better day by day making the need for business travel less and less.
These airlines need to restructure and move into a different reduced and competitive market, already the fairly new A380 is proving to be a white elephant with many being withdrawn and scrapped before their time.
I have no doubt that IAG will survive in the long term, but its going to be a long and bumpy road. The truly rich will move to private jet travel as the costs reduce making the road even longer.
think long and hard about investing in the old legacy airlines in general, some will not make it through this.