Recent problems with the new T5 Terminal at Heathrow have resulted in more problems for BA when will they recover their No1 position.

BA may not last for long, let alone ''in for the longterm''.

10 YEAR CHART

British Airways workers have rejected management plans to cut costs through thousands of job losses and a two-year pay freeze.

A union spokesman said feelings among the airline workers were "running high" at a meeting held today of more than 2,000 employees, close to Heathrow airport. "They have sent a very clear message that they don't want us to make any further concessions that would lead to an assault on their terms and conditions," he said.

BA is struggling to cope with the downturn in air travel and in May reported losses of 401m.

It has already stirred controversy by asking staff to take unpaid leave, reduce hours or even work for nothing for up to a month to conserve cash, a request that unions branded "insulting".

Fresh talks with BA are due to be held on Wednesday.

There is no threat of strike action but disruption over the summer is a clear possibility. BA was hit by an unofficial strike in 2003 over terms and conditions and was grounded again in 2005 by a dispute over catering staff.

BA pilots reached a deal last month that will see them taking a 2.6% pay cut and save the airline 26m. The current talks cover other workers including cabin crew, baggage handlers and check-in staff. It is believed there are still wide differences between the management and unions.

The carrier had hoped to reach a deal by a self-imposed deadline of the end of last month, but has now called in the arbitration service Acas.

BA said last month that 7,000 staff had applied for voluntary pay cuts, including 800 who agreed to work for nothing for up to a month. BA chief executive, Willie Walsh, who has given up his pay for July, said it had been a "fantastic" response. Unions, though, have accused the airline's managers of putting workers under pressure to accept a cut, which the airline denies.

Unions have also noted that Walsh is far better placed to work without pay for a month his monthly earnings of 61,000 are twice the average annual salary for cabin crew.

gone up 10% in last week

and will continue to rise.

yes still is capetown.......do the opposite to what hyleo says after the event and you'll do well

up to over 140p now

.

marni.
I dont expect this to do too much overnight as there are many hurdles to get over,i do see 200p in the next six months.

BA slumps to 94m quarterly loss.

as a slightly risky longer term investment, BA is probably worth a flutter.
i have certainly got it on my own watch list with a view to (probably) buying in the near future

should have bought 2/3 days ago when i started monitoring and sp was only 130/132!

I traded this a couple of times during the winter between 120 and 140ish and then backed out when i read they were in more trouble than i thought they were,,maybe all the bad news is now factored in ..With all the recovery stocks to play i wouldn't think this one is going to fly (excuse the pun) ,having said that now it probably will.

i have bet against jimmy!

Shorted ???

no ... i bet against you, so am long

You havn't as i wouldnt short ,i just would be surprised to see this at 200p any time soon ,maybe it will trade in a range as it did in the winter, i think Easyjet would be a safer punt..

i don't need 200p to make a decent turn

Quite a rise since hyleo postod we would not last long.

just about every share hyleo shorts goes up .....lol.....he must be a liar though as any other person would be bankrupt now esp if they short.

funny that you we dont see the prat on this anymore as shares are going up!

200p on its way,and thats with turbulence!