IAG unit Iberia could cut pilots' pay by 20 per cent as it fights to make cost cuts and launch a budget carrier to compete with other European low cost carriers including Ryanair and EasyJet.
As well as an across-the-board reduction in pay scales and lower perks levels for pilots with 15 years' seniority, the Spain-based airline also wants to increase pilots' flying hours and eliminate extra holidays for senior staff.
The proposals now are with Sepla, the pilots union, which already has announced pilots plan to strike every Monday and Friday for three and a half months, an action that could cost the airline up to EUR90 million.
Aircargo Asia Pacific - Iberia flags 20pc pilot pay cuts, more flying hours
BA is part of IAG correct?