British Airways owner International Airlines Group has said the financial impact from recent pilot strikes cost the business by 137 million euros (£121 million), meaning profits will be below expectations.
The company added that threatened strikes by Heathrow Airport workers hit IAG by a further 33 million euros (£29.2 million). Passenger unit revenue - a key measure for the industry - will be down on last year, versus previous expectations it would be flat.
The announcement by IAG means operating profit before one-off costs will be about 215 million euros (£190.5 million) lower than a year ago at around 3.49 billion euros (£2.82 billion).
Capacity growth for the year is now expected to be about four per cent, compared to five per cent previously, with finance chief Steve Gunning warning: "Any further industrial action will additionally impact IAG's full year 2019 operating profit."
