This archive report was first published on 22 November 2019.
Published on November 22, 2019, a breakthrough has been reached in the long-standing pay dispute between British Airways and its pilots.
The airline has agreed to an inflation-proof pay rise of 11.5% over three years, according to a report in the Financial Times.
The British Airline Pilots Association (BALPA) union, which represents most of the airline's pilots, has urged its members to accept the offer, which will be put to a ballot soon.
The two-day strike in September, which was the first in the airline's 100-year history, had a significant impact on the airline's performance, with net profit sinking 9% to €1.0 billion in the third quarter.
British Airways' parent company, IAG, took a €155 million charge due to the disruption caused by the strike.
"We welcome this positive step," a British Airways spokesperson said in a statement.
