Socialist Worker

Is British Airways really broke?

Issue No. 2194

BA says it is losing money. While it may not be making as much as it has in the past, it’s a very long way from poor.

BA has over £2 billion in cash reserves – which Walsh, who earns over £700,000 a year, wants to waste on smashing the strike.

Just two years ago BA made £883 million in profit – a 45 percent rise. Yet the wages of cabin crew have fallen in real terms since 2001.

If cabin crew, baggage handlers and check-in staff didn’t work, BA would make no money at all!

Walsh is spending millions on strike-breaking:

  • Hiring planes and crew to break the strike at a cost of £1 million per three aircraft per day. It hired over 20.
  • Training scabs – reportedly on overtime rates.
  • Paying temps to cover scabs’ regular jobs while they trained.
  • Flying empty planes.
  • Offering scabs £100 for taxis.
  • Paying refunds to passengers for cancelled flights or rebooking them on new ones.

Click here to subscribe to our daily morning email newsletter 'Breakfast in red'

Mobile users! Don't forget to add Socialist Worker to your home screen.