London: British Airways plans to cut as many as 12,000 jobs in response to the coronavirus crisis that means that passenger numbers will take years to recover, its owner International Consolidated Airlines Group said on Tuesday.
IAG, which also owns Iberia, Aer Lingus and Vueling, reported first-quarter operating losses before exceptional items of 535 million euros ($580 million), compared with a profit of 135 million a year ago. Revenue dropped 13% to 4.6 billion euros.
IAG warned it expects results to get worse in a statement also setting out plans for a sweeping restructuring at BA.
