Member Info for M1k3y

From May 2021
IAG shakes up hedging policy after left holding high priced swaps
Https://www.qcintel.com/article/iag-shakes-up-hedging-policy-after-left-holding-high-priced-swaps-386.html

Shorts appear to be reducing at the moment.
Https://www.shorttracker.co.uk/company/ES0177542018/

BoJo to resign today

BoJo to resign today

BA / IAG should re-instate the pay ......and stop trying to screw their employees.
If it's good enough for the IAG CEO it's good enough for their employees.

Short haul is historically loss making.
So cutting flights from the S/H schedule may actually deliver savings.

Sky News
British Airways to cut a further 10,300 flights until end of October
Https://news.sky.com/story/british-airways-to-cut-a-further-10-300-flights-until-end-of-october-12647016

Completely different business compared to SAS

The FT
https://www.ft.com/content/79fd34b2-b7ac-48c8-a301-602e6c131189
'Scandinavian airline SAS SAS.ST has filed for bankruptcy protection in the United States'

Bloomberg
Oil Plummets Below $100 as Recession Risks Come to Forefront
Https://www.bloomberg.com/news/articles/2022-07-04/oil-holds-above-110-as-tight-supply-balanced-by-recession-risk?srnd=premium-uk

Bloomberg
Oil Plummets Below $100 as Recession Risks Come to Forefront
Https://www.bloomberg.com/news/articles/2022-07-04/oil-holds-above-110-as-tight-supply-balanced-by-recession-risk?srnd=premium-uk

Sunak and Javid resign from the Cabinet
Https://www.bbc.co.uk/news/live/uk-politics-62048657

Sunak and Javid resign from the Cabinet
Https://www.bbc.co.uk/news/live/uk-politics-62048657

Scotty.....BA management always do this.
They only reach agreement to prevent strikes, with the Pilots

people did leave which is why the airlines operators are in such a mess at the moment.

complete and utter rubbish....why do you think they don't have enough employees to keep the operation going ?

Because the pay and conditions are so bad...

BA took away 10% of employees pensionable pay , using covid as an excuse and pleading poverty

They have now offered some of it back as a one off bonus, not as pay being returned to salary.

Employees have a right to be aggrieved , when BA consistently treat their staff abysmally.

It always takes two sides to strike and In situations like this , management are as culpable , if not more so, than employees. Strikes always cause difficulties for customers BUT employees have no other recourse as UK GOV keeps taking away their rights and weakening their ability to fight back against greedy employers.

Luis Gallego used the argument that his pay should be in line with other managers in BA. i.e. 150% uplift.

Now his own employees use the same argument and BA don't like it !
They should agree to reinstate the 10% pay that was taken from them and stop using their customers to cause division.

" High property prices benefit no one but the super rich elite! "

What a load of rubbish.

and adopt a completely submissive approach to being threatened ?

The problem with the 'do nothing ' approach , which is what Putin wants everyone to do, is that he just bombs the hell out of Ukraine and and ends up with full control of the Grain exports .
17% of Ukraine's GDP is Grain.
I see NO positive outcome for the we a st, from sitting on the sidelines and allowing Putin to do as he wishes. With the threat of Tactical Nuclear weapon being released if the West does anything which Putin doesn't like.

Next it will be China threatening the west with a Nuclear strike ..........
What is the world to do ?????
Nothing ?