IAG provides 2019 guidance update

In its latest full year operating profit guidance update, International Airlines Group’s (IAG) has indicated that the industrial action in September cost the airline an estimated total of €170 million and full year profits would decline by 6% as a result. BALPA (British Airways main pilots’ union) had initially scheduled strikes for the 9, 10 and 27 September that led to an initial cancellation of 4,521 flights over a period of seven days. Subsequently, 2,196 flights were reinstated leaving 2,325 cancellations. British Airways also introduced flexible commercial policies on 4,070 flights not directly affected by the industrial action. Although these policies