BA pilots urged to accept pay cuts by union to save jobs July 23, 2020 Pilots union Balpa has advised members at British Airways (BA) to accept conditions that might avert 1,255 job losses, saying the new deal is “the best that can be achieved in the circumstances”. The union has been in negotiations with the UK’s flag carrier for almost three months, and said it was devastated that there [...]
Global airlines join forces to call for restart to transatlantic flights July 22, 2020 A number of the world’s largest airlines have come together to call for a joint coronavirus testing programme between the EU and US to get transatlantic air travel going again. In a letter to US vice president Mike Pence and EU commissioner for home affairs Ylva Johansson, airline executives asked for “the safe and swift [...]
British Airways to review July restart plans after quarantine plans revealed May 11, 2020 IAG’s chief executive Willie Walsh has said that British Airways is reviewing plans to resume 50 per cent of its flights in July due to the government’s new quarantine measures. Speaking to the Transport Select Committee this morning, Walsh said: “I don’t think anybody believed that the UK government was actually implemented if they were [...]
British Airways: Five things you need to know as IAG reports £1.5bn loss May 7, 2020 British Airways owner IAG this morning reported a total first quarter loss of €1.8bn (£1.5bn), saying that it was currently operating 94 per cent down on its total passenger capacity. More worryingly, it said that it expected the second quarter’s results to be far worse, and warned that passenger demand would not return to pre-coronavirus [...]
British Airways owner IAG targets ‘meaningful return’ to flying in July May 7, 2020 British Airways owner IAG has announced that it is targeting a “meaningful return” to operating flights in July, but warned passenger numbers across the whole year could fall by 50 per cent. The airline warned that it did not expect to see a return to pre-coronavirus passenger numbers until 2023, meaning further restructuring would be [...]
British Airways owner IAG sees shares plummet after job cuts announcement April 29, 2020 Shares in British Airways owner IAG plunged this morning after it yesterday announced that it could cut up to 12,000 jobs at the UK flag carrier. As markets opened, shares in the airlines group dropped nearly seven per cent, in another blow to the firm’s already decimated market cap. The firm said that the unprecedented [...]
Coronavirus: British Airways owner IAG suspends 90 per cent of flights April 2, 2020 British Airways owner IAG has said it will now suspend 90 per cent of its flights, up from the 75 per cent previously announced, as the airline industry looks to protect itself against the coronavirus outbreak. IAG joins other UK airlines such as Ryanair and Easyjet, who have both suspended all or almost all of [...]
Coronavirus: UK airlines await government rescue package March 22, 2020 The UK’s airlines are hopeful that the government will unveil its special package of measures to combat the financial impact of the coronavirus outbreak in the coming days as they struggle to remain airborne due to the slump in air travel. The aviation sector remains in talks with transport secretary Grant Shapps over the shape [...]
Airline bosses say worst is yet to come as more flights cancelled on coronavirus fears March 3, 2020 Airline bosses have warned that the worst is yet to come for the industry after coronavirus fears saw passenger demand slump, with carriers cutting flights to locations round the world. Speaking at an industry conference in Brussels, outgoing IAG boss Willie Walsh said that there had been “a very significant fall-off in demand” in Italian [...]
No fly zone: As coronavirus fears grow, airlines must brace for the worst March 3, 2020 One of last month’s more outlandish news stories was the report that the coronavirus outbreak had caused an upsurge in private jet inquiries. More wealthy travellers than ever, it seems, are willing to pay thousands of pounds an hour for a plane unto themselves, in an attempt to dodge the risk of getting infected. The [...]