BA planning to slim down – again
UK: Flag-carrier aiming to save £450 million by becoming more efficient
British Airways has announced plans for a major cost-cutting programme as it struggles to cope with a downturn in the market.
The flag-carrier says it is aiming to make cost reductions of some 10 per cent – or £450 million – by 2005 but has stated that it intends doing so without making any job cuts.
Among the areas where it intends making savings are on ticketing, where a paperless system is in the pipeline, and an increase in online working for staff.
British Airways has already implemented a major restructuring plan and turned a £335 million loss in December 2001 to a £25 million profit in the corresponding period last year.
In the company’s in-house magazine, chief executive Rod Eddington wrote: “We embarked on a two-year journey to transform our business into a leaner, fitter, simpler and more competitive airline. One year on were are on track to deliver but tough market conditions mean new, additional cost-saving initiatives are also needed over the next two years.”
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Phocuswright reveals the world's largest travel markets in volume in 2025
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Euromonitor International unveils world’s top 100 city destinations for 2025