Euro Investor - Mar 12, 2010British Airways plc (BAY)
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Stephen Furlong
at
Davy StockbrokersLufthansa had a one day strike last month but sorted it out, which shows what can be done," said Davy Stockbrokers analyst Stephen Furlong."This will probably cost BA something in the region of 20 million pounds a day but maybe less since they have some contingency plans in place," said Davy Stockbrokers aviation analyst Stephen Furlong. BA has trained staff from other areas of the company to fill in as cabin crew during the strike and has said it will hire 23 fully crewed planes from charter companies to help run flights from Heathrow.
BA Chief Executive Willie Walsh has said the airline must move away from its old, inefficient ways if long term survival is to be ensured, and that changes at the airline, which analysts believe is losing around 1.5 million pounds a day, are essential to help repair its precarious finances. Earlier on Friday Gavin Halliday,
BA's European head, told Reuters that the strike threat had not hit bookings too badly."The
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<span class="sent">Lufthansa had a one day strike last month but sorted it out, which shows what can be done," said Davy Stockbrokers analyst <span class="analyst">Stephen Furlong</span>."This will probably cost <span class="company">BA</span> something in the region of 20 million pounds a day but maybe less since they have some contingency plans in place," said Davy Stockbrokers aviation analyst <span class="analyst">Stephen Furlong</span>.</span> <span class="company">BA</span> has trained staff from other areas of the company to fill in as cabin crew during the strike and has said it will hire 23 fully crewed planes from charter companies to help run flights from Heathrow. <span class="company">BA</span> Chief Executive Willie Walsh has said the airline must move away from its old, inefficient ways if long term survival is to be ensured, and that changes at the airline, which analysts believe is losing around 1.5 million pounds a day, are essential to help repair its precarious finances. Earlier on Friday Gavin Halliday, <span class="company">BA</span>'s European head, told Reuters that the strike threat had not hit bookings too badly."The
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