BA CEO says cuts necessary as it fights for survival

BAs' proposed 3,700 job cuts are essential to its survival as it faces eye of the storm ravaging the airline industry, CEO Willie Walsh said. Thousands of BA ground staff railed against planned job cuts & accompanying 2-year pay freeze, saying it should focus on cutting costs elsewhere. Negotiations over a potential deal were left deadlocked. He told investors the drastic expenditure cuts were necessary to keep BA viable as the global economic downturn eats away at s for air travel. It also announced plans to ground aircraft, slash seats, numbers & postpone taking delivery of a dozen new Airbus A380 superjumbos. "There