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covid travel

BA to cut up to 12 000 jobs while Lufthansa plans to axe 22 000

3 mins read

The FINANCIAL — British Airways plans to axe almost 30 per cent of the airline’s workforce. Airline says that the financial impact of Covid-19 is already greater than 9/11, SARS, the ash cloud and the financial crash of 2008/09 combined. Lufthansa also plans reduction of 22,000 full-time jobs as coronavirus pandemic led to an 80 percent drop in revenue. KLM, said it would cut 1,500 additional jobs despite getting €3.4 billion Dutch aid measure consisting of a State guarantee on loans and a subordinated State loan.  Thousands of British Airways’ staff will find out in the coming days whether they have lost their jobs as…

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BA to cut up to 12 000 jobs while Lufthansa plans to axe 22 000

3 mins read

The FINANCIAL — British Airways plans to axe almost 30 per cent of the airline’s workforce. Airline says that the financial impact of Covid-19 is already greater than 9/11, SARS, the ash cloud and the financial crash of 2008/09 combined. Lufthansa also plans reduction of 22,000 full-time jobs as coronavirus pandemic led to an 80 percent drop in…