Two of Europe's major airlines, Air France-KLM and British Airways owner IAG, reported disappointing earnings in Q3
) 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.
British Airways pilots went on strike for 48 hours last month, grounding 1,700 flights in a dispute between pilot union BALPA and the airline over pay. Chief Executive Willie Walsh said threatened industrial action by Heathrow staff had also had an impact, even though those August strikes did not go ahead.
IAG shares opened slightly lower but recovered to trade flat by 0821 GMT, outperforming a 6% slump in Air France-KLM .
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
NYSE-owner ICE profit beats estimates; transaction, data units shineIntercontinental Exchange Inc , which owns the New York Stock Exchange, beat ana...
Lire la suite »
NYSE-owner ICE profit beats estimates; transaction, data units shineIntercontinental Exchange Inc , which owns the New York Stock Exchange, beat ana...
Lire la suite »
GM 3Q profit falls 7% as auto workers strike cuts productionOnly two weeks of a lengthy strike against General Motors happened in the third quarter, but that was enough to dent the company's net profit by about $1 billion.
Lire la suite »
His Studebaker Is Rare—His Matchbox Toy RarerA restored 1938 Studebaker Coupe Express pickup was so striking that Matchbox modeled one of its toy carss on it, and made a special hand-painted version in dark blue for the owner
Lire la suite »
6 Common Mistakes to Avoid When Roasting VegetablesHow to roast vegetables the BA way (the right way, in case there was any doubt).
Lire la suite »
‘Game of Thrones’ Prequel Starring Naomi Watts CanceledA GameOfThrones prequel series starring Naomi Watts has been canceled
Lire la suite »