British Airways warns as many as 12,000 jobs to go [CNBC]
Boeing Company (The) (BA)
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Source: CNBC
A Boeing Co. 747 passenger aircraft, operated by British Airways, takes at Heathrow airport in London, U.K.Chris Ratcliffe | Bloomberg | Getty ImagesBritish Airways plans to cut as many as 12,000 jobs in response to the coronavirus crisis that means passenger numbers will take years to recover, its ownerInternational Consolidated Group Revenue dropped 13% to 4.6 billion euros.Pretax profits were hit by an exceptional charge of 1.3 billion euros due to the overhedging of its fuel and foreign currency needs for the rest of 2020, it said.Echoing comments from rivals such asLufthansaOperating losses in the second quarter will be significantly worse than in the first three months of the year given the decline in passenger capacity and traffic despite some relief from government job retention and wage support schemes, it said. It didn't give 2020 profit guidance.BA has 45,000 employees, including 16,500 cabin crew and 3,900 pilots, according to its website."British Airways is formally noti
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BA
Earnings
- 10/29/25 - Miss
BA
Sec Filings
- 12/3/25 - Form 4
- 12/3/25 - Form 4
- 12/3/25 - Form 4
- BA's page on the SEC website