British Airways owner IAG says strikes cost £121m

British Airways planes Image copyright Getty Images

British Airways owner IAG says the strikes called by pilots in a dispute over pay and conditions have cost it at least €137m (£120m).

As a result of the two-day strike by pilots on 9 and 10 September, IAG said a total of 2,325 flights had been cancelled.

There have been no further talks between BA and the union, and more strikes will hit profit, IAG said.

In addition, IAG took a €33m hit over threatened strikes at Heathrow Airport.

Overall, IAG expects its operating profit for this year to be €215m lower than in 2018.

A strike by BA pilots that had been scheduled for 27 September was called off last week. At the time, the British Airline Pilots Association (Balpa) said it was now time for a period of reflection before the dispute “escalates further and irreparable damage is done to the brand”.

Balpa has said strike action is a “last resort” due to “enormous frustration” with the management of the airline.

Pilots rejected a pay increase worth 11.5% over three years, which BA proposed in July.

Balpa says its members took lower pay rises and made other sacrifices during tougher times for the airline, and now that BA’s financial performance has improved – IAG reported a 9% rise in profits last year – they want a greater share of the profits.



Leave a Reply

Your email address will not be published. Required fields are marked *