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Employee relationsEmployment lawLatest NewsEconomics, government & businessTrade unions

British Airways announces pre-tax loss of £148m in midst of negotiations

by Personnel Today 31 Jul 2009
by Personnel Today 31 Jul 2009

As negotiations on pay and job cuts continue between British Airways (BA) and unions, the airline announced a pre-tax loss of £148m in the three months to the end of June, reports the BBC website.

BA had cut staff by 1,450 since the end of March through cutting back on overtime, increased part-time working and a voluntary redundancy programme.

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Revenues fell 12.2% to £1.983bn in the quarter. Passenger revenue fell 12.5%, while the worldwide decline for air freight has also hit its cargo business, where revenues were down 28.1%.

Negotiations are also continuing with unions representing cabin crew and ground staff – with the airline facing possible industrial action – though both sides currently in a cooling-off period, the report added.

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Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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