Tag: #BritishAirways
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British Airways may cut up to 12,000 jobs amid coronavirus
(Business Traveller) — British Airways has begun notifying trade unions about a proposed restructuring and redundancy programme which could see up to 12,000 staff made redundant. The carrier’s owner International Airlines Group (IAG) said that the move was being made “In light of the impact of COVID-19 on current operations and the expectation that the…
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Letter from British Airways CEO Alex Cruz to staff
Dear colleague, Yesterday, British Airways flew just a handful of aircraft out of Heathrow. On a normal day we would fly more than 300. What we are facing as an airline, like so many other businesses up and down the country, is that there is no ‘normal’ any longer. The global aviation body, IATA, has…
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British Airways to cut jobs over coronavirus: CEO
London, March 13 (AFP/APP): British Airways will cut jobs after the coronavirus pandemic devastated demand for global air travel, its chief executive Alex Cruz said Friday. “To be frank, given the changing circumstances, we can no longer sustain our current level of employment and jobs will be lost — perhaps for a short period, perhaps…
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UK airline giant IAG agrees to buy Spain’s Air Europa
London, Nov 4 (AFP/APP): British Airways owner IAG agreed Monday to buy Spain’s Air Europa for 1.0 billion euros to expand routes to Latin America and the Caribbean, boosting Madrid as a key hub. The London-listed company said in a statement that it has signed a transaction agreement with Air Europa owner Globalia in a…
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British Airways-parent cuts profit forecast on strikes
London, Sept 26 (AFP/APP):IAG, the owner of British Airways, said Thursday it was cutting annual profits guidance after taking a hit of 137 million euros from BA pilots carrying out historic strikes. IAG “expects its 2019 operating profit before exceptional items to be 215 million euros ($236 million) lower than 2018”, the group said, noting…
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BA cancels almost all UK flights in historic strike
London, Sept 9 (AFP/APP):British Airways on Monday cancelled almost all flights departing and arriving into the UK, as the airline’s first-ever pilots’ strike began, sparking travel chaos for tens of thousands of passengers. The industrial action over pay due also Tuesday by members of the British Airline Pilots Association (BALPA) trade union follows around nine…