British Airways pilots cancel their strike to clear cloud over IAG – The Times, Thetimes.co.uk

International Airlines Group flew to the top of the FTSE (yesterday after) British Airways” pilots called off next week’s planned strike action, potentially saving its parent company tens of millions of pounds.

Members of the British Airline Pilots ’Association walked out for two days last week in a row over pay, forcing BA to cancel almost all of its flights. Some had pegged the cost to the carrier at as much as £ 40 million a day. However, the union, which is organizing the strikes, has cancelled another day of industrial action planned for next Friday, saying that last week’s walkouts had demonstrated the “anger and resolve” of the pilots and that it was now time for “a period of reflection before the dispute escalates…