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British Airways owner IAG trims capacity growth plans

Air
James Chapple
8 November 2019

British Airways owner IAG has announced plans to slow capacity growth to 3.4% over the next three years, down from a previous target of 6% per annum for the years 2019 through 2023.

BA passenger numbers increased 1.1% year-on-year in October

The group on Friday (8 November) set out its medium-term (2020-2022) strategy, which will see IAG aim to maintain an operating profit margin of 12% to 15%. Capital expenditure though is expected to grow from €2.6 billion a year to €4.7 billion a year.


It comes as the group reported October carryings across its five airline brands up 3.4% year-on-year from 10.03 million to 10.36 million.


BA passengers numbers increased 1.1% during October to 4.17 million, while this year to date, BA has now carried more than 40 million passengers, up 1.2% on the same 10-month period last year.