British Airways shares rise on contract news

AP News
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Posted: Oct 21, 2010 5:11 AM
British Airways shares rise on contract news

British Airways shares are up following confirmation that cabin crew will be voting on a new contract offer.

BA shares rose 3.7 percent Thursday in early trading on the London Stock Exchange.

The Unite union has said it received a new offer from the airline which would be put to a vote "as soon as possible."

The union has staged 22 days of strikes this year, costing BA more than 150 million pounds ($240 million).

BA says it believes its latest offer is "fair and reasonable."