BA owner IAG trims capacity growth forecast to shield margins

LONDON (Reuters) - British Airways owner IAG (ICAG.L ) scaled back its three-year capacity growth forecast on Friday, hitting its earnings per share outlook but protecting its margins in the face of a weak global economy and a highly competitive marketplace.

“We’re well-prepared for anything that comes at us. We’ve seen a softening economic environment, and therefore we’re adjusting our growth plans,” IAG Chief Executive Willie Walsh told analysts during...
source: Reuters

2019-11-08 16:08
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