A suspected drone strike on Pakistan’s border with Afghanistan killed five to seven people Thursday, intelligence sources said. The move will save the company £26 million ($42 million) annually and is the latest measure to help the airline through the economic downturn. Under the deal, pilots will see their pay cut by 2.6 percent while extra flying time allowances are reduced by 20 percent.
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BA pilots offered shares for pay cut
British Airways pilots are being urged to accept a deal under which they will receive shares in the struggling company in return for a pay cut, their union said Thursday. The move will save the company £26 million ($42 million) annually and is the latest measure to help the airline through the economic downturn.