News Tag: BA
February 5, 2010
British Airways (BA) has today reported a £50 million loss in the three months to December 31 2009, compared with the £122 million it lost in the same period a year earlier.
However, the loss was much less than analysts’ predictions for a £151 million loss.
Meanwhile, the airline posted a surprise £25 million operating profit in the three-month period, against a ...
BA posts £50m loss in Q3
by Kay Murchie
February 2, 2010
The Unite union is in the High Court this week to resolve whether there should be a permanent injunction preventing British Airways (BA) from imposing cost-cutting measures.
Unite previously applied for a High Court injunction to block BA’s plans, but it was unsuccessful .
The airline wants 75% of its crew to accept a pay freeze this year and for 3,000 staff ...
Unite in legal battle with BA
by Kay Murchie
January 20, 2010
British Airways (BA) cabin crew have ruled out industrial strike action for the Easter holidays.
The announcement will be a relief for the 2.5 million people that fly abroad during the Easter period.
Earlier this week, the Unite union said BA cabin crew were to begin a second strike ballot next week raising renewed fears for travellers.
This announcement came after a strike ...
BA rules out Easter travel disruption
by Kay Murchie
January 18, 2010
According to the Unite union, British Airways (BA) cabin crew will begin a second strike ballot next week raising renewed fears for travellers.
The announcement comes after a strike planned for Christmas was declared illegal in a High Court ruling.
However, at the time of the ruling, Unite vowed to hold a fresh ballot if the dispute with BA over ...
BA cabin crew to begin second strike ballot
by Kay Murchie
December 16, 2009
In a bid to prevent the 12-day strike planned by cabin crew over Christmas, British Airways (BA) is to take legal action to prevent what could cause misery for millions of passengers this festive season.
The Unite union has called a walkout from December 22 to January 2 in a dispute over working conditions, jobs and pay.
On ...
British Airways to take legal action to prevent Christmas strike
by Kay Murchie
November 13, 2009
It has been confirmed that British Airways (BA) and Spanish airline Iberia have reached a preliminary merger agreement.
Merger talks took place between both companies yesterday and the deal is understood to give Iberia 45% and BA 55% of a newly merged company.
The combined firm would create Europe’s third largest airline and have 419 aircraft flying to 205 destinations. ...
BA and Iberia reach preliminary merger deal
by Kay Murchie
November 12, 2009
British Airways (BA) and Spanish airline Iberia are set to merge following talks at both companies.
Earlier today, BA said: "Further to recent market speculation, British Airways confirms that the British Airways and Iberia Boards are holding separate meetings today, 12 November, to consider a potential transaction.”
However, according to reports in Spanish newspaper, El Pais, Iberia agreed the new airline will ...
BA shares up on Iberia merger talks
by Kay Murchie
November 6, 2009
Struggling airline British Airways (BA) today posted a record first-half pre-tax loss of £292 million for the six months to 30 September.
Following its results, the airline said it is planning 1,200 job cuts, which will take its total to almost 5,000 by the end of March.
According to BA’s chief executive, Willie Walsh, “These are very difficult times in the ...
BA announces 1,200 job cuts after record loss
by Kay Murchie
BA posts record £292m loss for first-half
by Kay Murchie
October 6, 2009
There is more turmoil for the airline industry today after British Airways (BA) continues to slash costs by wielding the axe on 1,700 cabin crew members and a two-year pay freeze.
The airline admitted during the summer it was fighting to survive and has since been looking at ways to cut costs.
BA, like many others, is struggling ...
British Airways to axe 1,700 cabin crew jobs and freeze pay
by Kay Murchie
July 17, 2009
British Airways (BA), which recently admitted was fighting for its survival, has today announced plans to raise £600 million.
In May, the airline reported a pre-tax loss of £401 million for the 12 months to the end of March, compared with profits of £922 million the previous year. The loss represented the biggest since the company was ...
British Airways in £600m fundraising plan to see it through downturn
by Kay Murchie
July 13, 2009
British Airline Pilots' Association (Balpa) has today announced that pilots of struggling airline, British Airways (BA), have voted overwhelmingly to accept a 2.6% pay cut, which will save the airline up to £26 million a year in running costs.
The airline recently admitted that it was fighting for its survival but it is not alone. Many airlines continue to ...
BA pilots vote to accept 2.6% pay cut
by Kay Murchie
July 6, 2009
Budget airline Ryanair aims to slash costs and boost profits by asking passengers to stand during flights.
Chief executive, Michael O'Leary, has already spoken with US plane manufacturer Boeing about the possibility of designing an aircraft with standing room.
Should the proposal gain approval, Ryanair plans to order new jets or refurbish its existing fleet.
According to spokesperson Stephen McNamara: “It would be vertical seating more ...
Ryanair proposes ‘vertical seating’
by Kay Murchie
BA staff against pay cuts
by Kay Murchie
July 2, 2009
Virgin Atlantic is set to reduce its number of flights this winter which will put 600 jobs at risk.
The airline, founded by Sir Richard Branson, announced that it was not operating its Heathrow-Chicago daily service for the winter 2009/10 season and is suspending one of its two daily services between Heathrow and Hong Kong.
The airline said it ...
Jobs at risk as Virgin Atlantic cuts back services
by Kay Murchie
June 25, 2009
British Airways (BA), which recently asked 40,000 members of staff to work for nothing in a bid to cut costs, has now had a response from its employees.
The airline, which recently admitted it was fighting for survival, said 6,940 members of staff applied for voluntary pay cuts, including 800 workers who have volunteered to work for ...
BA to save £10m as 7,000 staff agree to pay cuts
by Kay Murchie
June 22, 2009
Japan Airlines (JAL) is set to receive up to 100 billion yen (£635 million, $1 billion) in Government aid.
JAL, which is Asia‘s biggest carrier, will receive the emergency loan on the condition that the airline's management improves and the way in which the company is run.
Earlier this year, the airline predicted an annual loss of 34 billion yen as, along ...
Struggling Japan Airlines receives 100bn yen bailout
by Kay Murchie
June 21, 2009
Sir Richard Branson, founder of Virgin Atlantic, is urging ministers not to step in and bail out British Airways (BA).
BA, along with many other airlines, has been struggling amid the economic downturn which put many airlines out of business last year.
Earlier this month, BA admitted it was fighting for survival and asked 40,000 members of staff to ...
Richard Branson urges Government not to bail out British Airways
by Kay Murchie
June 18, 2009
The British Airline Pilots' Association (Balpa) is supporting British Airways (BA) decision to give pilots £13 million worth of shares in exchange for a pay cut and longer working hours.
The agreement comes after the airline admitted it was fighting for its survival amid the economic downturn and the new measures will save the airline £26 million ...
BA union agrees pay cut for pilots in exchange for shares
by Kay Murchie
June 16, 2009
British Airways (BA) has asked 40,000 members of staff to work for nothing as the airline admitted it was fighting for survival.
Last month, the airline reported a pre-tax loss of £401 million for the 12 months to the end of March, compared with profits of £922 million the previous year.
The loss represented the biggest since the company was ...
BA appeals to staff as it fights for survival
by Kay Murchie
Next Page »
