Take off in the blue with aviation equity growth August 16, 2010 WITH tour operators struggling, strikes looming and the spectre of wildcard events like May’s volcanic ash cloud, contracts for difference (CFD) traders might be justifiably nervous about the aviation industry. But this caution flies in the face of the figures: globally, the sector is growing at a healthy pace and even the major European carriers [...]
Three cheers for the stars of the Square Mile October 28, 2010 LAST night was truly an exciting and exceptional occasion: City A.M.’s inaugural awards celebrating the best and brightest of London’s business, financial and investment communities. Our inaugural awards ceremony saw more than 450 guests in their finery roll up at the Grange Hotel at St Pauls. Our winners, unique in that each was initially chosen [...]
BA strike drags on another day June 2, 2010 BRITISH Airways dragged through its fourth day of a five day strike yesterday, with negotiators still failing to find common ground. Arbitration body Acas said: “More talks took place in London yesterday between BA and Unite under the auspices of Acas with the assistance of the TUC. The talks were adjourned late last night and [...]
Unite strike causes BA traffic to drop July 5, 2010 STRIKE action by Unite, the union representing British Airways (BA) cabin crew, saw passenger traffic measured in revenue passenger kilometers reduced by 11.1 per cent last month. As a result of the nine-day strike period in June, BA on average filled only 77.5 per cent of its planes, while passenger capacity fell 8.6 per cent [...]
Unite union threatens round of fresh industrial action at BA June 20, 2010 THE Unite union is expected to notify British Airways of another strike ballot today, which if successful could mean widespread disruption during the peak of the holiday season. Unite has completed preparations for a ballot and voting could commence seven days after the union puts BA on notice. If BA flight attendants vote in favour [...]
Unite to issue third ballot for August strikes June 22, 2010 UNITE, the union representing British Airways (BA) cabin crew, is to launch a fresh strike ballot on 29 June. The ballot, which will take more than five weeks to be finalised, means that crew could again walk off the job in August. Unite said yesterday that it had notified BA of the ballot launch – [...]
Unite warns of yet more BA walkouts June 9, 2010 UNITE, the union representing striking British Airways (BA) cabin crew, is preparing to launch a fresh strike ballot that could affect travel in July. The union warned yesterday that preparations for a new ballot were at an advanced stage and would be launched if no agreement with BA is reached. A new ballot is likely [...]
BA’s pension recovery gets the go-ahead June 22, 2010 BRITISH AIRWAYS (BA) has agreed a plan with its trustees that will see the airline deal with its £3.7bn pension deficit head on. Under the new agreement, BA will commit to annual contributions of £330m with a three per cent rise every year, at the same time promising that it will make additional contributions should [...]
BA and Unite to resume talks June 1, 2010 British Airways (BA) and Unite have resumed negotiations in a bid to settle the bitter dispute that has resulted in cabin crew taking to the picket lines. The news comes as the airline announced it will increase its capacity during the final five-day strike period, which starts 5 June. BA said it will fly up [...]
Acas offer may help BA ground union dispute June 13, 2010 CONCILIATION services group Acas has sent a proposal to British Airways (BA) and Unite that could see an end to the long running and crippling dispute. It is understood that the proposal from Acas centres on travel perks for BA cabin crew, which were removed by the airline during the March strike and remain as [...]