Reply To: IAG a House of Cards?Back to Forum
It’s not fair comment at all, Becky.
The corporate cycle was always going to dictate a drop in profits during the lean years of a recession; in fact BA itself is now generating a strong profit despite this, and Iberia’s losses are being rapidly stemmed due to tough decisions being made by WW and his team.
The rehashing of the BASSA trench warfare is dull to read.
I can imagine morale at BASSA is pretty low these days, having been comprehensively trounced in their cackhanded and poorly managed confrontation with BA’s management.
It’s certainly pretty buoyant when speaking with groundstaff and crew on board, and the City has backed this up with an ever increasing share price (up over 62% in the last six months alone).
Those supporting the old and oft rehearsed CallMeIshmael/TetedeCuvee-type arguments, with remarkable commonality of views and a Duncan Holley-esque obsession with pilots, are deluding themselves.
They do at least have plenty of time on their hands now to give vent to their dissatisfaction.
I’d like to see any sort of transparency of remuneration from BASSA; sadly, their accounts are not even viewable by their ever-shrinking membership.
The personalisation of debate and focus on Walsh, entirely out of proportion for a genuine business traveller, suggests that some people are perhaps closer to this dispute than they may be owning up to.
Back on topic, though quite why this thread was bumped to discuss this news…
It’s great to see the strong relationship between Al Baker and Walsh has delivered a game-changing investment into IAG and further justifies Walsh’s performance-related remuneration.