The owner of British Airways (BA) has joined rivals by announcing significant cuts to flight schedules, blaming a "levelling off" in passenger demand.
International Airlines Group (IAG), which counts Aer Lingus and Iberia among its brands, also confirmed progress in BA's union negotiations over changes to pay and conditions for cabin crew as the airline cuts thousands of jobs to save costs.
It said the UK airline had reached an agreement in principle with Unite, but revealed up to 13,000 people were on course to leave BA in total - with 8,236 having already departed "mostly as a result of voluntary redundancy".
Analysis by Sky News has aviation, as a sector, currently worst affected in the crisis for jobs - with BA's plans affecting the most people in a single company.
IAG said coronavirus travel restrictions and quarantine requirements had taken a toll on group bookings - dashing hopes of a steady recovery from the depths of the Covid-19 crisis.
The company previously stated that it hoped to operate 54% of its normal services between October and December.
Latest Stories
-
The driver’s mate conundrum
15 mins -
IMF Deputy Chief worried large chunk of Eurobonds is used to service debt
31 mins -
Otumfuo Osei Tutu II celebrates 25 years of peaceful rule on golden stool
34 mins -
We have enough funds to pay accruing benefits; we’ve never missed pension payment since 1991 – SSNIT
59 mins -
Let’s embrace shared vision and propel National Banking College – First Deputy Governor
2 hours -
Liverpool agree compensation deal with Feyenoord for Slot
2 hours -
Ejisu by-election: There’s no evidence of NPP engaging in vote-buying – Ahiagbah
2 hours -
Ejisu by-election: Independent ex-NPP MP’s campaign team warns party against dubious tactics
2 hours -
ZEN Petroleum supports Tse-Addo Future Leaders School
3 hours -
NPP must win back Adentan seat in 2024 polls – Obeng Fosu
3 hours -
PPA Clarification: The dark side of the World Bank’s ‘giveaways’ in Ghana by Bright Simons
4 hours -
Blinken says China helping fuel Russian threat to Ukraine
5 hours -
MHA declares May as Purple Month for Mental Health Awareness
5 hours -
WAEC arrests former headmaster over illegal students registration
5 hours -
MeToo founder Tarana Burke defiant after Harvey Weinstein ruling
5 hours