(Bloomberg) --
Boris Johnson is under pressure to strip IAG SA's British Airways of valuable landing slots at U.K. airports amid concern about the airline's plan to cut 12,000 jobs, according to a report in the Daily Mail.
More than 100 British members of parliament from various political parties are asking the prime minister to reconsider BA's right to slots at airports such as Heathrow, the newspaper said. The mounting political pressure comes after BA revealed it would cut about 28% of its 42,000 workers as it struggles to survive amid the coronavirus pandemic.
The airline holds more than half of the slots -- which give planes the right to take off and land at a certain time -- at Heathrow. The slots, particularly the ones at peak times, can be worth several million pounds each. Union Unite and politicians are pressuring the prime minister, saying that airlines should only be able to keep the slots if they also demonstrate they are being socially responsible and “internally investing” in the business, the newspaper reported.
A British Airways spokesman said in a statement to the Daily Mail: “We are acting to protect as many jobs as possible. We call on Unite and GMB to consult with us on our proposals as pilot union, Balpa, is doing.”
©2020 Bloomberg L.P.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
