IAG says no long term material impact from Brexit

International Consolidated Airlines Group (IAG), which includes British Airways, Iberia and Aer Lingus, believes that the UK vote to leave the European Union will "not have a long term material impact on its business".
In the short term, however, in the run up to the UK referendum during June, IAG experienced "a weaker than expected trading environment".
It added: "Following the outcome of the referendum, and given current market volatility, while IAG continues to expect a significant increase in operating profit this year, it no longer expects to generate an absolute operating profit increase similar to 2015."
IAG will update the market in due course.

Share this story

Related Topics

Latest airlines news

Work set to start on converting the first B777 into a freighter

By Damian Brett

The physical work on converting the first Boeing 777-300 into a freighter will soon get underway after the halfway phase…

Read More

Share this story

Antonov transports automotive parts as demand picks up

By Damian Brett

Antonov Airlines has transported 80 tonnes of automotive parts from Southeast Asia to the US as manufacturing plants begin to…

Read More

Share this story

SF Express expects to have 1,000 VTOL cargo drones by 2031

By Damian Brett

Chinese express firm SF Express expects that in the next 10 years it will have a fleet of more than…

Read More

Share this story