Invezz

iNVEZZ.com:International Consolidated Airlines (LON:IAG) British Airways plans to operate a full schedule over Christmas despite a planned strike by cabin crew, Reuters has reported. The news came as the British flag carrier held talks to resolve the dispute with trade union Unite whose more than 2,500 members who crew long- and short-haul routes t... o dozens of destinations voted in favour of strike action over pay. IAGs share price meanwhile has been subdued in London in todays session, having shed 0.87 percent to 455.80p as of 14:08 GMT, underperforming the benchmark FTSE 100 index which has climbed into positive territory and is currently 0.08 percent better off at 7,017.03 points. The groups shares have lost over a quarter of their value this year, as compared with an over 12-percent rise in the Footsie. Reuters quoted British Airways chief executive Alex Cruz as saying today that the airline was making sure that this attempt to ruin Christmas for thousands of our customers fails. He added that the company had been working on detailed contingency plans to ensure that we are able to operate our normal flight programme from all our airports on both Christmas Day and Boxing Day. Earlier today, the newswire quoted conciliation service Acas as saying that talks aimed at averting the strike will be held today between British Airways and trade union Unite. BA and Unite have accepted our invitation to attend conciliation talks in respect of the cabin crew dispute tomorrow morning, a spokeswoman for Acas told Reuters.Read More