The owners of British Airways have been advised to swerve the acquisition of Air Europa, Spain’s third-largest airline, and let the company ‘fail and go under’. The fall of the Mallorca-based airline would potentially see the loss of 6,000 jobs, mostly in the Madrid area. Analysts at British behemoth Barclays Bank made the recommendation in a hard-hitting report to the chiefs of International Airlines Group (IAG), which also owns Spanish airline Iberia.