Is British Airways really broke?

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.