British Airways PLC announced Friday it will ground aircraft, slash seat numbers and postpone taking delivery of a dozen new Airbus A380 superjumbos as it faces a recession-driven decline in passengers.
British Airways heads for record loss
British Airways PLC said Friday that its cost-cutting drive has put the airline on the right course but won't save it from posting record losses in the current fiscal year.
BA cuts 1,000 jobs, will shrink Heathrow crews
British Airways PLC says it is shedding 1,000 fulltime jobs and putting 3,000 more employees on part-time work and reducing size of cabin crews at Heathrow in an effort to get the troubled...
British Airways posts $155 million quarterly loss
British Airways PLC warned there were "no visible signs of improvement" in the recession-hit airline industry as it posted a 94 million pound quarterly loss Friday, despite noting a seasonal...
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