British Airways owner IAG cuts profit outlook on fuel costs
British Airways owner IAG lowered its annual profit forecast on Friday. The airline group cited rising fuel costs and supply disruptions linked to the Iran War.
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INTL CONSOLIDATED AIRLINE-DI lowered its annual profit forecast on Friday as fuel costs and supply chain disruptions intensified. The revision follows increased volatility in energy markets linked to the ongoing conflict in Iran. British Airways' owner warned that annual earnings will finish lower than previous guidance.
