IAG warns of a slowdown in business travel

International Airlines Group – the parent company of Iberian and British Airways – has warned of a slowdown in business travel. The company said that the “indications so far for October point to a softer demand picture” in premium passenger traffic and air cargo. Nevertheless, IAG September passenger traffic figures were stronger than expected, with premium travel numbers up 9.3% compared to the same month last year. IAG has said it will cut seating capacity in response to the reduced demand, but affirmed to the market that it would still “produce significant growth in operating profit in 2011” compared with