Breakingviews

BA/Iberia not out of the clouds yet

November 13, 2009

British Airways and Iberia are right to merge: 400 million euros of synergies will go some way to help them survive dreadful conditions in the airline industry. But the combined group will need more than cost savings and revenue benefits to lift it out of the red. And BA’s pension fund deficit could yet derail the long-awaited deal.

Shareholders bear the privatised pensions pain

November 6, 2009

It's a long time since Cable & Wireless and British Airways were sold off by the UK government, in that helpful confluence of party ideology and the need for money that gave the world privatisation. Yet only now is the true cost of promises made to their employees a generation ago becoming apparent.

Cabin crews prepare for hard landing

October 7, 2009

There's no point trying to be a low-cost airline if your revenues fall a long way short of your running costs. Since staff wages account for a large chunk of most airlines' bills, job cuts such as those just announced by British Airways and Aer Lingus are only the beginning as the industry scrambles to adopt a no-frills model.