News Source: Independent
| about 1 month ago
Airways (BA) said yesterday that it plans to cut a further 1,200 jobs after reporting its first loss in the first half of its financial year. But shares in the company advanced 6.6pc after the airline said passenger traffic and ticket prices may have...
News Source: The independent
| about 1 month ago
We'll take more care of you," the British Airways slogan used to run. "Fly the flag." These days, within Europe, many more of us fly the harp (Ryanair) or the orange splodge (easyJet). BA's chief executive, Willie Walsh, has many burdens to shoulder,...
News Source: The independent
| about 1 month ago
British Airways revealed the biggest losses of its 22-year post-privatisation history yesterday, along with predictions that revenues will slump by £1bn over the whole year. Revenues for the six months to September were down by 13.7 per cent,...
News Source: The Scotsman
| about 1 month ago
Airways is to cut 1,200 more jobs, taking the total reduction to 4,900 by next year. Most of the losses will be overseas and follow a high response from staff wanting to work part-time or take voluntary redundancy, the airline said. The new job-cut...
News Source: The Scotsman
| about 1 month ago
British Airways jumped 7 per cent yesterday as the airline signalled that business was stabilising, eclipsing predictions of another £400 million-plus in annual losses. Investors took solace in news that revenue from potentially-lucrative business...
News Source: Times Online
| about 1 month ago
BA said on Friday that it would cut 4,900 jobs, about 12 per cent of its staff, by next March. This is 1,200 higher than the target BA set earlier in the year and comes as the airline announced a £292 million loss in the six months to September 30.