My interpretation is that on the edge of bankruptcy is not yet what is implied in this article, but we're inching closer to that edge, with certainty.
I also want to see the face of the stagiaire/intern who made the budget for a 20 million loss in 2012. Did he forget a digit? A 1 or 2 at the front or a 0 at the end?
Inquirer wrote:Belgium's social and fiscal rules are indeed a real competitive burden for all companies that need to compete on the international scene, be it airlines, transport companies or other and IMHO it would be good if the government would finally let go of the idea that every single company and every sector of our industry needs to be taxed in exactly the same way: reality is some sectors of our industry are operating far more on the international scene than others and so a much smaller burden should be placed on their sholders indeed to be able to compete on a level playing field: a one fits all fiscal policy is doomed to fail.
Let's face it inquirer, you can't be wrong with regards to Belgium's unthinkable and unsustainable fiscal policies. However, there is one exception with regards to this matter when we talk about SN's payroll.
In fact, at SN, it's not the company who's absorbing most of the burden of the unbalanced playing field but the employees. Flight crew payroll cost is higher at FR than at SN, they are just using their pilots more efficiently.
I don't think that solving the fiscal issue would give any palpable advantage to the company (although of course it will avoid an exodus of flight and cabin crew towards the sandpit by providing a fair and decent pay).
In fact I find that this way of alarming the customers in the important pre-summer travel booking period is rather crazy
I don't know about you but if I knew that an airline is "being pinched to death" or in a "precarious situation", I would avoid them. Worse is that it didn't come from the media but Davignon himself started this avalanche.
A serious conversation doesn't start by blowing up your company' in front of the whole world (or even implying anything close to that, because we know how the media is). So for me this is rather the start of a political blame game rather than the start of a serious conversation about leveling the playing field.
A few more of these articles, no Lufthansa and SN can join Sabena at the museum.
Well of course, there are other solutions before that happens, I talked about one recently (bel ipo, management and operational restructuring. This kind of article really don't help this scenario)