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British Airways: huge job josses on the way


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Good news for shareholders whenever thousands of people lose their livelihoods.

But as the case of RBS shows, a government-owned company is in no way prevented from shedding jobs at will.  :P

Quote

Walsh, a former pilot and industry veteran, is betting that once the coronavirus crisis is over, IAG (ICAG.L) will be better positioned than rivals which might be beholden to political masters after turning to governments to see them through.

https://uk.reuters.com/article/us-health-coronavirus-iag/british-airways-owner-bets-on-costs-not-bailouts-to-survive-idUKKCN22B0UQ

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