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Photo: Dan Kitwood/Getty Images

British Airways has canceled 1,700 flights over the next 2 days in response to a strike by company pilots demanding higher pay, per the New York Times.

The big picture: The strike, which has disrupted approximately 195,000 passengers' travel plans, comes after months of pilots attempting to negotiate a pay hike. According to Forbes, the pilots union behind the strike says the walkout is costing the company £40 million ($49 million) per day, but could be settled for £5 million ($6 million) total. The pilots are set to strike again later this month if their demands aren't met.

  • The airline says it contacted customers ahead of time and offered refunds or rescheduled flights in preparation for the event.
  • In August, the company sent an email to customers warning of a planned strike, but later followed up saying it had confused the timeline and misstated when flights would be affected. Many customers expressed frustration over already having rescheduled.

By the numbers: British Airways offered to raise pilots' pay 11.5% over 3 years, which pilots belonging to 2 separate unions have accepted.

  • But a majority of the airline's pilots belong to another union called the British Airline Pilots' Association (BAPA), which is also seeking a share of the company's profits. In 2018, those profits reached £2 billion ($2.5 billion) — up 11.6% from a year prior.
  • According to the airline, an average captain earns £167,000, or about $206,000. The proposed raises would reach more than £200,000 per year, or $247,000.
  • BAPA's secretary, Brian Strutton, said in a statement that pilots have "previously taken big pay cuts to help the company through hard times."

What to watch: The next strike is set to take place on Sept. 27 if the parties cannot find a compromise.

Go deeper: The collapse of WOW Air could push Iceland into recession

Go deeper

Updated 49 mins ago - World

U.S. threatens to cut aid to Sudan after military takeover

Sudanese Prime Minister Abdallah Hamdok during a 2020 news conference in Khartoum, Sudan. Photo: Mahmoud Hjaj/Anadolu Agency via Getty Images

Sudan's civilian Prime Minister Abdalla Hamdok was put under house arrest and several other ministers were detained Monday in what appears to be a military coup in the country, per local reports.

The latest: The head of the military faction of the Sudanese government, Gen. Abdul Fattah al-Burhan, said in a statement that he is announcing a state of emergency, suspending several parts of the interim constitution and dissolving the civilian government and interim sovereignty council — the highest governing body in the country.

Facebook's pivotal week

Illustration: Aïda Amer/Axios

They're battening down the hatches at Facebook headquarters this week as the company faces a trifecta of tumult: a continuing wave of negative press coverage fueled by document leaks, a critical earnings report Monday and a reported name change looming.

The big picture: All this is unfolding as Mark Zuckerberg tries to transform Facebook from a social network into the prime mover behind a new "metaverse" of VR- and AR-driven remote work and play.

3D-printed houses seem poised to go mainstream

A rendering of a planned 3D-printed, net-zero-energy community in Rancho Mirage, Calif. Photo: Mighty Buildings

3D-printed cement houses are about to take off, offering a cheaper, more efficient way to provide homes for those who need them — as long as they can be built in ways that don't worsen climate change.

Why it matters: Developers of 3D-printed homes think they can take on multiple challenges: the affordable housing crisis, the shortage of skilled labor and rising material costs.