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Financial Impact Of Aug Disruption To Ba  
User currently offlineCusaeng From United Kingdom, joined Jan 2006, 143 posts, RR: 0
Posted (7 years 11 months 4 weeks 5 hours ago) and read 2041 times:

from ba intranet
"During the period August 10-17 the airline cancelled some 1,280 flights which affected some 80,000 customers. The airline estimates that the financial impact for the month of August was around £40 million. This includes lost revenue and increased costs of hotel accommodation, catering and baggage repatriation."

bbc report

how can one put a price on the number of peoples lives that could have been waisted by terrorists.

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cu-saeng ... I wanna fly but they wont let me ! grrr
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I wanna fly but they wont let me :( grr
4 replies: All unread, jump to last
 
User currently offlineSteve6666 From United Kingdom, joined Sep 2003, 403 posts, RR: 0
Reply 1, posted (7 years 11 months 4 weeks 5 hours ago) and read 2032 times:

Quoting Cusaeng (Thread starter):
how can one put a price on the number of peoples lives that could have been waisted by terrorists.

It's irrelevant to this calculation, as BA are stating the losses/increased costs or opportunity costs of unused capacity arising on them, not society as a whole.

The government is responsible for deciding the social costs of lost lives etc and responding accordingly. It's an area of economics called cost-benefit analysis. Either the government thought the potential costs of loss of life etc outweighed the potential benefits of maintaining capacity, or they thought that maintaining a general level of hysteria would benefit the current regime in keeping the masses in check. Make your own mind up.



eu nasci ha dez mil anos atras, e nao tem nada nesse mundo que eu nao saiba demais
User currently offlineCusaeng From United Kingdom, joined Jan 2006, 143 posts, RR: 0
Reply 2, posted (7 years 11 months 4 weeks 5 hours ago) and read 2027 times:

I dont think its irrelevant at all.

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cu-saeng ... I wanna fly but they wont let me ! grrr
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[Edited 2006-09-06 02:05:38]


I wanna fly but they wont let me :( grr
User currently offlineWrighbrothers From United Kingdom, joined Jul 2005, 1875 posts, RR: 9
Reply 3, posted (7 years 11 months 2 weeks 6 days 13 hours ago) and read 1944 times:

Quoting Cusaeng (Thread starter):
how can one put a price on the number of peoples lives that could have been waisted by terrorists.

We can't, but the whole point is, BA is a business, and when businessses lose money it's bad news ,for them atleast, and while BA aren't arguing about the risk to travelers, I doubt they are too pleased withthe amount of money they lost.

Quoting Cusaeng (Thread starter):
The airline estimates that the financial impact for the month of August was around £40 million.

If I remember correctly, that was the same amount of money that BA lost during the Gate Gourmet strike.

Wrighbrothers



Always stand up for what is right, even if it means standing alone..
User currently offlineDavid L From United Kingdom, joined May 1999, 9524 posts, RR: 42
Reply 4, posted (7 years 11 months 2 weeks 6 days 13 hours ago) and read 1936 times:

Quoting Cusaeng (Thread starter):
how can one put a price on the number of peoples lives that could have been waisted by terrorists.

Should they just tell their shareholders "you don't need to know - don't worry about it"?

As Steve6666 says, they're not "putting a price on the number of peoples lives that could have been waisted by terrorists". They're putting a price on how much the cancelled flights and extra expenses cost. It's relatively simple arithmetic.


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