BREAKING: British Airways Battling Survival Over Coronavirus Economic Crisis

British Airways have revealed that coronavirus is threatening its survival and staff have been told there may be cuts and grounded aircrafts, following the ‘worsening situation.’

Chief Executive Alex Cruz has written to all workers of BA, saying the global pandemic is a crisis ‘of global proportions like no other we have known’, claiming that it is more serious than the 2008 financial crash, SARS or 9/11.

Please do not underestimate the seriousness of this for our company,’ read the message from Cruz, which warned of the ‘worsening situation’. A spokeswoman for BA refused to comment on how many jobs can be expected to be cut – the airline currently employs 45,000 people.

BA have already been forced into grounding all flights to mainland China, Italy and Spain due to the spread of the coronavirus.

Cruz stated that the airline was under ‘immense pressure’ and would ‘have to react fast and definitively in response to the worsening situation.’

Airlines around the world are cutting their flights and costs, with the demand for air travel plummeting dramatically.

It has been estimated that airlines will collectively lose £130 Billion this year. British airline, Flybe, already collapsed into administration just several days ago, after the government refused a £100 million loan.

New British government advice warning against all but essential travel to parts of Spain on Friday could further hurt the airline. British Airways has 17 flights to Madrid daily.