You are here: Home » International » News » Companies
Business Standard

British Airways to cut jobs as virus affects demand for air travel: CEO

British Airways to cut jobs as coronavirus devastates demand for air travel

Topics
British Airways | Coronavirus

AFP | PTI  |  London 

British Airways
(Source: British Airways)

will cut jobs after the pandemic devastated demand for global air travel, its chief executive Alex Cruz said Friday.

"To be frank, given the changing circumstances, we can no longer sustain our current level of employment and jobs will be lost -- perhaps for a short period, perhaps longer term," Cruz said in an internal memo confirmed by the group.

Global airlines have cancelled thousands of flights worldwide, as COVID-19 decimates demand for passenger travel, with destinations to China and Italy in particularly hit hard.

The aviation industry is struggling with the severe impact of the pandemic, which has so far infected more than 134,300 people globally and killed over 5,000, according to an AFP tally. In a further blow this week, US President Donald Trump announced a shock 30-day ban on travel from mainland Europe over

The global aviation association on Thursday warned that the US-imposed trans-Atlantic travel ban would further hurt an industry already hard-hit by the crisis, insisting airlines needed "emergency measures" to get through.

The move "will create enormous cash-flow pressures for airlines," Alexandre de Juniac, head of the Air Transport Association (IATA), warned in a statement.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, March 13 2020. 20:10 IST
RECOMMENDED FOR YOU
.