British Airways (BA) introduced on Thursday that it’s retiring its total fleet of Boeing 747s because the financial impression of the COVID-19 pandemic forces the corporate into additional cost-cutting measures.

“It’s with nice unhappiness that we are able to affirm we’re proposing to retire our total 747 fleet with quick impact,” BA mentioned in a press release.

“It’s unlikely our magnificent ‘queen of the skies’ will ever function industrial companies for British Airways once more because of the downturn in journey brought on by the COVID-19 pandemic,” it added.

The Boeing 747 plane was launched within the 1970s, revolutionising air journey because of its 400-seat capability.

The British service was the airline with the fleet of the jumbo jets on the planet, with 31 of the plane. These have been used for long-haul flights to a dozen locations together with Beijing, Cape City, Lagos, Mexico, and a number of US locations.

BA had been planning to retire the plane in 2024 and exchange them with extra fuel-efficient fashions however the COVID-19-induced freefall within the journey sector has hastened the corporate’s plans.

“Whereas the plane will at all times have a particular place in our coronary heart, as we head into the longer term we can be working extra flights on trendy, fuel-efficient plane comparable to our new A350s and 787s,” BA mentioned.

The corporate, which has been hit laborious by the pandemic, has already introduced that it’s going to minimize some 12,000 jobs — over 1 / 4 of its workforce — in an effort to survive the downturn.

Most airways have been severely impacted by the lethal virus and the lockdown measures imposed to include its unfold.

Air France introduced earlier this month that it plans to chop 7,500 jobs, whereas Lufthansa mentioned 22,000 jobs should be minimize.

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