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Friday 12th of February 2010

News Tag: BA

February 5, 2010

BA posts £50m loss in Q3

by Kay Murchie
”BA
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 ...



February 2, 2010

Unite in legal battle with BA

by Kay Murchie
”Unite
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 ...



January 20, 2010

BA rules out Easter travel disruption

by Kay Murchie
”BA
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 ...



January 18, 2010

BA cabin crew to begin second strike ballot

by Kay Murchie
”BA
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 ...



December 16, 2009

British Airways to take legal action to prevent Christmas strike

by Kay Murchie
”British
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 ...



November 13, 2009

BA and Iberia reach preliminary merger deal

by Kay Murchie
”BA
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. ...



November 12, 2009

BA shares up on Iberia merger talks

by Kay Murchie
BA shares up on Iberia merger talks
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 ...



November 6, 2009

BA announces 1,200 job cuts after record loss

by Kay Murchie
”BA
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 posts record £292m loss for first-half

by Kay Murchie
”BA
Struggling airline British Airways (BA) has today posted a first-half pre-tax loss of £292 million for the six months to 30 September. The airline admitted during the summer it was fighting to survive and has since been looking at ways to cut costs. It is struggling to stay afloat during the global economic downturn which has led to a slump in demand. ...



October 6, 2009

British Airways to axe 1,700 cabin crew jobs and freeze pay

by Kay Murchie
”British
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 ...



July 17, 2009

British Airways in £600m fundraising plan to see it through downturn

by Kay Murchie
”British
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 ...



July 13, 2009

BA pilots vote to accept 2.6% pay cut

by Kay Murchie
”BA
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 ...



July 6, 2009

Ryanair proposes ‘vertical seating’

by Kay Murchie
”Ryanair
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 ...



BA staff against pay cuts

by Kay Murchie
”BA
More than 2,000 British Airways (BA) cabin crew have rejected the company’s proposals to slash costs by freezing pay and reducing headcount. A deadline of 30 June was set by the company to reach a deal on 3,500 job cuts, a pay freeze and other changes, but no agreement was reached at that time. Speaking after the meeting, a ...



July 2, 2009

Jobs at risk as Virgin Atlantic cuts back services

by Kay Murchie
”Jobs
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 ...



June 25, 2009

BA to save £10m as 7,000 staff agree to pay cuts

by Kay Murchie
”BA
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 ...



June 22, 2009

Struggling Japan Airlines receives 100bn yen bailout

by Kay Murchie
”Struggling
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 ...



June 21, 2009

Richard Branson urges Government not to bail out British Airways

by Kay Murchie
”Richard
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 ...



June 18, 2009

BA union agrees pay cut for pilots in exchange for shares

by Kay Murchie
”BA
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 ...



June 16, 2009

BA appeals to staff as it fights for survival

by Kay Murchie
”BA
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 ...



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