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BA owner IAG cuts medium-term capacity and profit forecasts

A British Airways aircraft takes off from Heathrow Airport in west London
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LONDON (Reuters) - British Airways owner IAG scaled back its forecast for capacity growth for the next three years on Friday, hitting its outlook for earnings per share but potentially providing relief for rivals in a weak global economy.IAG said available seat kilometres, a measure of passenger-carrying capacity, was estimated to grow by 3.4% a year between 2020 and 2022, compared to a previous..
Date Published: Nov 08, 2019
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