The parent firm of British Airways has issued a profit warning on the back of costly strikes at the airline and weaker bookings.
International Airlines Group said the 48-hour action by pilots earlier this month, which forced the airline to scrap almost all its flights over the two days, cost it an estimated €137m .
It also pointed to a €33m cost from further passenger disruption as a result of threatened strikes by staff at Heathrow Airport.Another cost headwind, IAG said, was from weaker booking trends in its budget Vueling and LEVEL operations, with an expected impact of €45m . The group's statement said:"At current fuel prices and exchange rates, IAG therefore expects its 2019 operating profit before exceptional items to be €215m lower than 2018 pro forma ."At the time of the strike action, BA boss Alex Cruz told Sky News the action amounted to an"own goal" by the pilots union, Balpa, and the pilots themselves who have rejected an 11.5% pay offer over three years.
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