September 26, 2019 / 6:35 AM / 24 days ago

British Airways owner IAG expects lower profit, cites major strikes

Sept 26 (Reuters) - British Airways owner IAG said on Thursday it expects full-year operating pretax profit to be 215 million euros lower than last year, as pilot strikes led to thousands of cancelled flights and disruptions at the airline.

IAG, which reported a profit of 3.49 billion euros ($3.82 billion) last year, estimated the financial impact of the strikes to be 137 million euros, with a further 33 million euro impact because of “threatened strikes” by Heathrow Airport employees.

$1 = 0.9130 euros Reporting by Tanishaa Nadkar in Bengaluru; Editing by Bernard Orr

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