{"id":234665,"date":"2019-11-01T07:02:26","date_gmt":"2019-11-01T06:02:26","guid":{"rendered":"http:\/\/www.travelreport.se\/?p=234665"},"modified":"2024-02-02T12:22:58","modified_gmt":"2024-02-02T12:22:58","slug":"strikes-weighed-on-the-airlines-results","status":"publish","type":"post","link":"https:\/\/www.travelreport.se\/en\/strejker-tyngde-flygjattens-resultat\/","title":{"rendered":"Strikes weighed on the airline giant&#039;s results"},"content":{"rendered":"<figure class=\"wp-block-image\"><img fetchpriority=\"high\" decoding=\"async\" width=\"450\" height=\"300\" src=\"https:\/\/www.travelreport.se\/wp-content\/uploads\/2017\/05\/britishairways_21686381825381_thumb-e1496204958509.jpg\" alt=\"\" class=\"wp-image-229832\" srcset=\"https:\/\/www.travelreport.se\/wp-content\/uploads\/2017\/05\/britishairways_21686381825381_thumb-e1496204958509.jpg 450w, https:\/\/www.travelreport.se\/wp-content\/uploads\/2017\/05\/britishairways_21686381825381_thumb-e1496204958509-300x200.jpg 300w\" sizes=\"(max-width: 450px) 100vw, 450px\" \/><figcaption>Photo: Britishairways.com<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Airline owner IAG, which owns British Airways and Iberia, reported slightly lower sales and profits than expected for the third quarter on Thursday.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The stock opened nearly 4 percent down, but had recovered the entire initial price drop just under half an hour into London trading and was trading around the zero mark.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">IAG reported an operating profit of 1.4 billion euros, compared to the expected 1.5 billion euros according to Bloomberg News analyst estimates.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Profits have been squeezed by a strike in the quarter, in which British Airways&#039; cabin crew union demanded higher wages. The cost is estimated at \u00a3155 million. The dispute is not yet considered settled.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201dWe will provide updates as soon as there is something to update,\u201d said Willie Walsh, CEO, according to Bloomberg.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In addition, employees at London Heathrow Airport have gone on strike, which has affected the company.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The macroeconomic environment is expected to remain subdued into 2020, Willie Walsh further stated, from a deterioration in 2019 compared to 2018 to further weakening in the coming year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Turnover came in at 7.3 billion euros, compared to the expected 7.4 billion euros.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, IAG reiterated its 2019 forecast of profit before items affecting comparability \u20ac215 million lower than 2018 pro forma profit (adjusted for changes in group structure).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Source: Nyhetsbyr\u00e5n Direkt<\/p>","protected":false},"excerpt":{"rendered":"<p>Flygbolags\u00e4garen IAG, som bland annat \u00e4ger British Airways och Iberia, redovisade n\u00e5got l\u00e4gre f\u00f6rs\u00e4ljning och vinst \u00e4n v\u00e4ntat f\u00f6r det tredje kvartalet p\u00e5 torsdagen. Aktien \u00f6ppnade n\u00e4ra\u00a04 procent ned, men hade en knapp halvtimme in i Londonhandeln h\u00e4mtat upp hela det inledande kursfallet och handlades kring nollstrecket. IAG redovisade en r\u00f6relsevinst p\u00e5 1,4 miljarder euro, [&hellip;]<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[570,212],"class_list":["post-234665","post","type-post","status-publish","format-standard","hentry","category-travel-report","tag-british-airways","tag-flygbolag-travelguiden"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Strejker tyngde flygj\u00e4ttens resultat &#8211; Travel Report<\/title>\n<meta name=\"description\" content=\"Strejker tyngde flygj\u00e4ttens resultat \u2013 L\u00e4s senaste nyheterna fr\u00e5n resebranschen p\u00e5 Travel Report.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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