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British Airways is planning a job cut that could reach 12,000 jobs, today, Tuesday, 28 April 2020 10:42 PM
And IAG Group announced operating losses, before the exceptional items, for the first quarter of 535 million euros (580 million dollars), compared to a profit of 135 million euros a year ago. Revenue fell 13 percent to 4.6 billion euros.
In a statement also setting out plans for a comprehensive restructuring of British Airways, the group also warned that it expected the results to deteriorate.
Echoing comments from competitors such as Lufthansa, the British airline said it would take a few years for passenger demand to return to 2019 levels.
She added that the operating losses in the second quarter will be much worse than the first three months of the year, but did not provide numbers.
British Airways has 45,000 employees, including 16,500 hospitality crews and 3,900 pilots, according to its website.
“British Airways officially notifies its trade union about a proposed restructuring and job layoff program,” the statement said.
“The proposals remain subject to consultation, but they will likely affect most British Airways employees and may result in the layoff of up to 12,000 of them.”