BA to offer managers redundancy

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It is thought the offer of voluntary redundancy will be made to around 1,400 staff, but with no plans for compulsory redundancies.

A BA spokesman said: "We are in the worst trading environment the industry has ever seen. Like all airlines we are having to identify areas where we can reduce costs. It has been decided to give managers and senior managers the opportunity to apply for voluntary redundancy."

There was no target for the number of redundancies, he added.

The Daily Mirror said letters offering severance packages to managers on salaries from £40,000 to £250,000 will be sent out on September 25. It is part of attempts to cut its wage bill by £170 million, the newspaper added.

The company's fuel bill is expected to top £3 billion this year, the equivalent of more than £8 million a day.

While oil prices have fallen back in recent weeks, BA has struggled to benefit because of a fall in the pound against the dollar, the currency used for oil trading. Employee costs are second only to fuel at the airline.

BA is also battling a general weakening in demand, with August traffic figures released by the airline showing a 2.7% fall in its load factor - a key measure of how full its planes are - compared to 12 months earlier.

Premium traffic rose 2.2% - compared with a 2.1% fall in non-premium travel - but BA also warned that the outlook for premium travel remained "uncertain" until after the summer break.

The total number of passengers carried by the airline fell 3.2% to 2,988,000 compared to August last year.