October 31, 2019 / 7:24 AM / 13 days ago

BA owner IAG quarterly profit hit by pilot strikes

LONDON, Oct 31 (Reuters) - British Airways owner IAG said on Thursday that it had taken a hit from industrial action from pilots at the airline, knocking profits in its third quarter.

IAG posted third quarter operating profit of 1.4 billion euros ($1.56 billion), in line with analyst consensus, and said that it expects its 2019 operating profit before exceptional items to be 215 million euros lower than 2018, reiterating a September profit warning.

IAG said that the action by pilots at BA, together with other disruption, resulted in a hit to operating profit of 155 million euros in the three months to September 30.

$1 = 0.8958 euros Reporting by Alistair Smout, editing by James Davey

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below