Wednesday, Oct 07, 2009

More news from the struggling airlines

Telegraph: Aer Lingus underlines woes facing airlines with 600 job cuts

The struggling airline today announced a slew of measures designed to return the airline to profit, including 676 job losses and pay cuts for those who earn more than €35,000 (£32,000) a year.

Posted by ftb dave @ 12:54 PM (1028 views)
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8 Comments

1. str 2007 said...

Please Please Please let this company get taken over by Cunard.

Wednesday, October 7, 2009 01:24PM Report Comment
 

2. ftb dave said...

Loses and cost cutting across the industry I would have expected some more M&A activity. Particularly BA, who seem to have a huge issue regarding their overpaid cabin staff compared to the rest of the market. Would a middle eastern carrier make a move for BA and renegotiate/ sack the overpaid staff?

Bit off HPC topic but shows the state of the economy and possible increases in job loses as corporates struggle to reduce costs.

Wednesday, October 7, 2009 02:01PM Report Comment
 

3. jack c said...

Part of the problem with the likes of BA is the pension fund liability - if you look at some of the so called "large companies" out there at the moment the pension deficit exceeds the capitalisation of the company.

Mark Wadsworth might have some numbers on this ?

Wednesday, October 7, 2009 02:35PM Report Comment
 

4. str 2007 said...

Sorry FTB DAve, I can't make anything of BA being taken over by a Middle Eastern Airline.

Air Lingus being taken over by Cunard on the other hand.

How much joy would it bring to everyone to see planes flying around with CUNA-LINGUS written dow the side.

Wednesday, October 7, 2009 02:46PM Report Comment
 

5. jack c said...

str 2007 - there will be a few people licking their lips at the thought of that takeover

Wednesday, October 7, 2009 02:59PM Report Comment
 

6. montesquieu said...

Dunno, smells a bit fishy to me ....

Wednesday, October 7, 2009 05:04PM Report Comment
 

7. inbreda said...

Remember the airline TWA? I went on that once and this really gorgeous cabin staff asked me if I wanted some TWA coffee, and I said "no, but I wouldn't mind a bit of your TWA tea"

Sorry - but I thought seeing as we're descending into peurile humour I would play my trump card.

Wednesday, October 7, 2009 05:31PM Report Comment
 

8. str 2007 said...

Very good Inbreda & Co.

Frankly I can't believe Sarah hasn't complained yet.

Bet she's furious.

Wednesday, October 7, 2009 07:51PM Report Comment
 

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