Brussels attacks slow IAG"s expansion

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Airline group IAG, the owner of British Airways and Iberia, has said it will temporarily slow plans to fly more routes following the Brussels attacks.

It also said there was weaker demand from high-margin business-travellers.

IAG reported pre-tax profits of €124m (£96m) for the first quarter, helped by low fuel prices and cost cutting.

“March revenue was affected by the timing of Easter and the Brussels terrorist attacks,” said IAG chief executive Willie Walsh.

“Revenue trends in quarter two have been affected by the aftermath of the Brussels terrorist attacks, as well as some softness in underlying premium demand.

“As a result, IAG has moderated its short-term capacity growth plans.”

Operating profits at IAG – which also owns Aer Lingus and Vueling – were €155m before exceptional items, compared with €25m in 2015.

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Brussels attacks slow IAG"s expansion
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