Law firm PGMBM said those affected by the data leak would receive a confidential settlement following mediation with British Airways. The resolution does not include any admission of liability by the airline, it added.
British Airways, owned by IAG (LON:ICAG), revealed a breach of its security systems in 2018 that caused the personal data of 420,000 staff and customers to be leaked.
British Airways in an emailed statement said it was pleased it has been able to settle the group action.
Britain’s Information Commissioner’s Office in October fined British Airways 20 million pounds ($27.7 million) – the data protection watchdog’s biggest such penalty at the time – for failing to protect the personal and financial details of its customers.
IAG shares were up 3% by 0820 GMT on the London Stock Exchange.
($1 = 0.7212 pounds)