British Airways to cut costs by further £500m

BRITISH Airways is to cut costs by a further stg£500 million a year, it was reported yesterday.

The flag carrier, which has had to cancel flights in the last few days due to security concerns, plans to include the cuts in its revised business plan for the next two years, a report said.

The savings are likely to include job reductions on top of the 13,000 redundancies that BA has already announced.