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Unless workers grant the concessions, he said, the airline would post significant losses in the second half, when air travel falls off steeply after the strong summer season and does not pick up again until Thanksgiving.
However, EADS also warned of a decline in profitability this year and said that airlines may seek to defer or cancel orders as demand for air travel falls.
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The cost of travel fell steeply.
Rival Tui Travel fell 6.2p to 225.8p.
Tui Travel fell 9.8p to 276.8p as Morgan Stanley downgraded from equalweight to underweight.
Last year, road travel fell by 9.6percentt when prices surged, according to the automobile group.
In previous slowdowns, he added, first- and business-class travel fell as much as 25percentt.
Thomas Cook lost 5p to 139.5p and Tui Travel fell 0.8p to 379.2p.
Between 2000 and 2010 America's share of spending on global travel fell by a third, from 17.2% to 11.6%.
Business travel fell sharply last March as the economy slowed, and then dropped off a ledge after Sept. 11.
The cause of the first is the global economic slowdown: in May, air travel fell in the United States and Europe for the first time in a decade.
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