Cannot disagree with you there AnthonyDunn. I happen to think BA is in a reasonably good position, accepting its non premier league status. Many businesses are in a tight spot regarding pensions, as are HM government, both are dealing with it. Not sure what the status is regarding IAG and its pension position, nor for AF/KLM or LH. My understanding is that one of the reasons BA have a relatively ageing fleet is its desire to reduce the pension problem. Interestingly with the fall in energy/oil prices it looks like a good business move….and another reason it should not try to compete with the five star airlines……not yet anyway.