US crisis prompts BA to axe 7,000 jobs

The airline industry has announced thousands of job losses on both sides of
the Atlantic in response to anticipated falling passenger demand following the
terrorist attack on the World Trade Center.

In the UK, British Airways has announced 7,000 job losses and a 10 per cent
reduction in flying, and Virgin Atlantic is to cut 1,200 jobs and reduce its
transatlantic flights by 20 per cent.

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In the US, Boeing is planning to lay off between 20,000 and 30,000
commercial airplane workers by the end of 2002, and Continental Airlines
proposing to shed 12,000 employees.

Delta Air Lines, Northwest, United Airlines and American Airlines are also
planning major job losses following 20 per cent cuts to their operating
capacity.