Corona Virus has been ragging across the globe in recent months, causing a near standstill in some countries, with others in complete lockdown. The threat the world faces is unlike any she has faced before, the enemy can’t be seen, can not be negotiated with and as far as we know can not be stopped. This situation is presenting firms with a new, unforeseeable challenge and firms have been suffering even airline giants British Airways.
As stated by BA it’s self and publicised on multiple FT articles, the airliner was preparing for what was predicted to be the most profitable year of the firm history, however, COVID-19 stepped in and now they are faced with near travel standstill and are reaching for every lifeline available.
” A combination of international flight bans, national lockdowns and passenger concerns about the coronavirus has created the biggest crisis in modern aviation history. In response, British Airways is to suspend 36,00 employees”. British Airways said this in a recent media release. They also said that around 16,500 employees would lose more than 20 per cent of their income, along with 4,000 pilots going on unpaid leave, and the very few that have negotiated temporary pay cuts they will be receiving approximately half of the normal incomes. Which as shown in one of the other pilots strikes below, didn’t go down to well.
However, unlike other Airline companies such as Easyjet, BA have not seest all flights and they have continuing to fly. Thus showing the class and destructive power of this virus on the whole economy because if it is able to bring a firm worth £ 14 billion, to its knees just think what it will do to other smaller ones. But nevertheless, thanks to this virus hundreds of thousands of people around the world have been pushed out of jobs and for many that have put them in very dire situations.
JBLOGS 