PPRuNe Forums - View Single Post - IAG: BA restructuring may cost 12,000 jobs
Old 4th Jul 2020, 09:38
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Wickerbill
 
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Originally Posted by Phantom4
In BA’s 2018 Full year figures and Financial Statement there is a section on threats to the business including cyber attacks,climate issues,LOCOs and lastly pandemic.Does this imply that BA have an element of insurance to mitigate their losses??
No it doesn't it's a statement of risk assessment required under the regulations for publishing accounts of Limited Liability Companies in the UK. It does not imply insurance cover, nor do they have any Business Interruption cover for losses due to pandemic.
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