Finance staff face turbulent times as Swiss Air and other carriers

Finance staff in the airline and travel industries face a turbulent future following the near-collapse of Swiss Air and dire warnings from other operators, write Philip Smith and Alex Miller.

Of the 7,000 jobs set to go at British Airways, 3,000 will be made in its support units which include its financial and accounting department.

A spokesperson for BA said: ‘Redundancies will be made across the whole of BA.’

At Virgin Atlantic, which has announced 1,200 job cuts – 13% of its workforce – a spokesperson confirmed the losses would be spread across the company, but added the company was looking for voluntary redundancies.

Virgin currently has 172 staff in its finance departments.

A spokesperson for First Choice, the tour operator, said: ‘1,100 job losses will be made across the group, with up to 60% of them in the UK.

These losses will be made across all divisions, but we will remain in consultation for a month before further details are known.’

BMI, the Midlands-based airline, announced it was planning to chop 600 jobs, but did not have a breakdown of where the axe was to fall. The troubles at Swiss Air were bad news for KPMG – a team helping with the embattled airline’s restructuring has returned to London.

Air travel in transition in turbulent new world

Related reading