Airline industry to benefit from British Airways woes
Even though the British Airways cabin crew strike was only announced yesterday, we have seen a significant increase in the cost of Christmas airfares with each and every airline company desperate to bring in as much income as possible during these difficult times. In what is simply becoming a case of supply versus demand, we have seen the cost of a travel over the Christmas period, when the British Airways cabin crew strike will be most effective, sky rocket.
Despite the fact that up to 1,000,000 people could have their Christmas travel plans ruined by the British Airways strike it appears that many people are already looking for alternative arrangements. However, there is a feeling within the industry that the unions may well have gone "over the top" with regards to this particular action and we could see the two parties eventually meet around the negotiating table.
As has been said on numerous occasions, neither of the parties involved can afford to see British Airways go under, which would be a potential possibility if the management and unions cannot come to an amicable agreement. We may well be on the verge of seeing the collapse of one of the U.K.'s best-known airlines and a company which has been around for many years.
Share this..
Related stories
Japan announces shock return to deflation
Even though the Japanese economy has been affected by deflation since the late 80s, many had assumed that the recent pull away from recession would kill the monster of deflation once and for all. However, the Japanese authorities have today confirmed that the Japanese economy is now in a mild deflationary period for the first time since 2006. Even though the situation is described as "mild" there...
Read MoreBritish Airways looks to take union talks to the wire
British Airways is looking to bring in the conciliation service ACAS as its ongoing discussions with the unions reached deadlock. The company has been undergoing a significant cost saving exercise over the last few months although the final push, which would see a pay freeze for at least two years and up to 3000 additional redundancies, appears doomed to failure. However the company is claiming th...
Read MoreTullet Prebon announces plans to move staff overseas
Financial trading outfit Tullet Prebon has announced plans to give London based staff the option of moving overseas in order to avoid the UK banking bonus tax which was announced by Alistair Darling last week. In a move which many had predicted, it seems that Alistair Darling's plans to hit the UK banking system with extra taxes may well have backfired. So what is happening? While the headline...
Read MoreGordon Brown promises to maintain mainstream public service investment
A rather humiliating U-turn was performed by Gordon Brown today when he promised to cut costs, cut inefficiencies, cut unnecessary programs and cut low priority budgets with the UK budget deficit under serious pressure. Yet again as we approach a UK general election it seems it is now time to cut the fat from the UK public service sector but why does it take a general election to focus the minds?<...
Read MoreCan the Bank of England really act independent of the UK government?
Only a few weeks ago the Conservative party announced that it would beef-up the power of the Bank of England in the event of a win at the next election. This will probably be at the expense of the Financial Services Authority (FSA) and would cast a whole different light on the UK regulatory scene and the UK financial sector. However, even now there is some concern as to whether the Bank of England...
Read More