Monday, 24 May 2010

British Airways: The Land That Maths Forgot


OK, I'll admit it. I was never a total maths wizard at school. My teachers did their best and they were as amazed as I was when I scraped a Grade 4 at Maths "O" Level back in the dark ages.

But even I think that there's something dodgy about the maths of the current situation in BA.

The equation seems to be as follows:

- 531,000,000 + 20 =  + 3,000,000

That's a record breaking annual loss of £531m, plus a bitter dispute with the Trade Unions involving a planned 20 days of passenger disruption through strike action, which still seems to add up to senior staff being awarded a total of £3m in share options.

Does my calculator need a new battery, or is this just plain bonkers?

1 comment:

  1. PLANE bonkers – I like your style!!!

    I think the BA mathematicians would say
    £3m bonus = big losses
    £0 bonus = even bigger losses

    Given that the unknown is the ‘even bigger losses’ then who can argue with their logic.

    EBTG

    By the way, didn’t you use a slide rule and an abacus for taking ‘O’ levels?

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