Profits at BA owner IAG knocked by pilot strikes

LONDON (Reuters) - British Airways owner IAG said on Thursday it had taken a hit from industrial action from pilots at the airline, knocking profits in its third quarter and reiterating a lower outlook for the year. The group said that the action by pilots at BA, together with other disruption, resulted in a hit to operating profit of 155 million euros ($173.03 million) in the three months to September 30.British Airways pilots went on strike for 48 hours last month, grounding 1,700 flights..