British Airways scrapped almost all of its timetable for the next two days as pilots went on strike for the first time in decades in a labor dispute that could cost the carrier 80 million pounds ($98 million).
The unit of IAG SA had “no option” but to cancel almost 100% of services amid the action over pay, it said in an email Monday, amounting to more than 1,600 departures and arrivals. The British Airline Pilots’ Association union has called for another strike on Sept. 27. The shares dropped as much as 3.1%.
