Airlines
Older than 7 days

BA owner IAG profit knocked by pilot strikes

British Airways Boeing 787-8
British Airways Boeing 787-8, © IAG

Related News

LONDON - 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

The group 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.

British Airways pilots went on strike for 48 hours in September, grounding 1,700 flights in a dispute between pilot union BALPA and the airline over pay. The pilot walkout was the first in the airline’s history. No further strike dates have been scheduled, but the union said it retained the right to announce more.

IAG Chief Executive Willie Walsh said that aside from the disruption, the airline group had performed well. "These are good underlying results,” he said in a statement. "Our performance has been affected by industrial action by pilots’ union BALPA.”
© Reuters, aero.uk | 31/10/2019 09:12


Comments (0) Go Home

To write a comment, please sign up at aero.uk or log in.

Headlines

Community

Discussions on current events and developments in the aviation industry

Pilot Jobs at "SkyJobs.com by SkyTest®"

Special: Flight Training

Most Read

PaxEx.com Passenger Experience

There are new
stories at aero.uk

Reload main page