International Airlines Group (IAG) continues to take every action to reduce operating expenses and improve cash flow.
British Airways accesses UK Job Retention Scheme
As a result of the significant decline in flying, British Airways is making use of the UK’s COVID-19 Job Retention Scheme to help UK-based employees placed on furlough. It has today reached agreement with trade unions, GMB and Unite, to apply this scheme to more than 30,000 cabin crew and ground-based employees in April and May. Under this scheme, furloughed employees will receive 80 per cent of their base pay and of certain allowances, which is paid for by the UK government. This agreement is subject to union ratification.
British Airways has also reached an agreement with its 4,000 pilots to take four weeks of unpaid leave in April and May.
IAG’s other airlines have received support from similar job retention and wage support schemes for more than 17,000 employees in Spain and are seeking similar support in Ireland.
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