{"id":1714,"date":"2009-11-06T16:28:59","date_gmt":"2009-11-06T14:28:59","guid":{"rendered":"http:\/\/www.turizmtatilseyahat.com\/en\/?p=1714"},"modified":"2009-11-06T16:28:59","modified_gmt":"2009-11-06T14:28:59","slug":"british-airways-to-axe-more-jobs","status":"publish","type":"post","link":"https:\/\/www.turizmtatilseyahat.com\/en\/british-airways-to-axe-more-jobs\/","title":{"rendered":"British Airways to axe more jobs"},"content":{"rendered":"

\"British<\/a>British Airways revealed a quadrupling of net losses in its first half on Friday, and axed an extra 1,200 jobs in an “essential” cost-reduction programme.<\/strong><\/p>\n

BA posted a loss after tax of 217 million pounds (242 million euros, 361 million dollars) during the six months to September 30 compared with a loss of 49 million pounds during the equivalent period in 2008.<\/p>\n

“Aviation remains in recession,” BA chief executive Willie Walsh said in comments accompanying news of the company’s deep loss.<\/p>\n

“With (BA) revenue likely to be one billion pounds lower this year, we can’t stand still and further cost reduction is essential,” he warned.<\/p>\n

British Airways said it would cut an extra 1,200 jobs, taking the total planned reduction to 4,900 by 2010.<\/p>\n

Most of the new losses would be outside Britain and follows a high response from staff agreeing to work part-time or take voluntary redundancy to help secure the airline’s future.<\/p>\n

Reacting to news of fresh cost-cutting measures, BA’s share price rallied 6.28 percent to 198 pence on London’s benchmark FTSE 100 index, which was up 0.23 percent to 5,137.32 points in midday trade.<\/p>\n

BA also announced on Friday that group sales dropped nearly 14 percent to 4.1 billion pounds in the first half.<\/p>\n

Some commercial airlines across the world are suffering badly from the massive global economic slump that has slashed demand for air travel and sparked a major cash squeeze for the sector.<\/p>\n

However, on Monday, Irish low-cost airline Ryanair said its net profit had shot up 80 percent to 387 million euros (570.8 million dollars) in April-September compared with the figure for the same period 12 months earlier.<\/p>\n

On Thursday, Italian airline Alitalia reported its first operating profit since its takeover by an alliance of Italian business interests last January.<\/p>\n

Meanwhile, BA, in a bid to improve its fortunes and claw back ground lost to British rival Virgin, launched an all-business class service from London to New York late in September.<\/p>\n

Previous attempts at all-business class services from airlines such as Maxjet and Silverjet failed in the run-up to the worst downturn since the 1930s.<\/p>\n

Earlier this year, British Airways decided to scrap all free meals apart from breakfast on its short-haul flights in an attempt to reduce overheads.<\/p>\n

BA suffered an annual loss of 375 million pounds in its 2008-09 financial year, which it blamed on high fuel costs.<\/p>\n\n","protected":false},"excerpt":{"rendered":"

British Airways revealed a quadrupling of net losses in its first half on Friday, and axed an extra 1,200 jobs in an “essential” cost-reduction programme.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_counter":[],"jnews_post_split":[],"footnotes":""},"categories":[137],"tags":[],"class_list":["post-1714","post","type-post","status-publish","format-standard","hentry","category-sectoral"],"_links":{"self":[{"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/posts\/1714","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/comments?post=1714"}],"version-history":[{"count":0,"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/posts\/1714\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/media?parent=1714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/categories?post=1714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/tags?post=1714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}