British Airways Parent IAG Cuts Growth Plans - News Summed Up

British Airways Parent IAG Cuts Growth Plans


LONDON—British Airways parent IAG Friday said it was further cutting back growth plans in the face of fare weakness following terrorist events and the U.K.’s Brexit vote. Sterling’s weakness comes during the critical summer period when airlines make... International Consolidated Airlines Group SA, as IAG is formally known, is being hit by a combination of factors, including slack demand in the U.K. and the weakness of the British pound.


Source: Wall Street Journal July 29, 2016 06:52 UTC



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