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Old 22nd May 2010, 02:44
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ChicoG
 
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From Sky News:

British Airways and the Unite union are set to resume talks today in a bid to avert the five-day strike scheduled to begin on Monday.

The latest talks are aimed at averting another round of strikes

The announcement came hours after BA revealed a record annual pre-tax loss of £531m.

The results, covering a 12-month period to the end of March, include an estimated £40m to £45m loss from the first round of cabin crew strikes earlier this year - but not the fall in revenue caused by the disruptions caused by the volcanic ash cloud.

Peter Harwood, chief conciliator at Acas, confirmed the two sides would resume negotiations.

He said: "Following Monday's meeting, I believe that there is a window of opportunity this weekend for a negotiated settlement to be achieved.

"If an agreement is not reached this weekend there is every possibility that additional pressures on both sides will ensue which will make a final resolution more problematic."

In an interview with Sky News' Anna Jones, BA chief executive Willie Walsh called on Unite's leaders to show "leadership" by persuading the Bassa branch to agree to a deal.

It is thought the next round of strikes could cost the airline £100m - as well as a potentially devastating drop in ticket sales as the uncertainty caused by the stand-off continues.
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