According to BBC News:
British Airways says it plans to cut a further 1,200 jobs after reporting a first-half loss for the first time.
The job loss announcement means the airline will have shed a total of 4,900 positions by March 2010.
British Airways reports:
Period April 1, 2009 - September 30, 2009 (Unaudited)
STRUCTURAL CHANGE NECESSARY TO SECURE LONG TERM PROFITABILITY British Airways today (November 6) presented its interim management report for the six months ended September 30, 2009.
Period highlights:
· Operating loss of £111 million (2008: profit of £140 million)
· Loss before tax of £292 million (£244 million before restructuring costs)
· Revenue down 13.7 per cent (revenue before exchange down 20.2 per cent)
· Total operating costs down 8.7 per cent
· Unit costs down 5.2 per cent
He who laughs last obviously has'nt heard the bad news.