BA reviewing fleet plans as Brexit vote, overcapacity weigh on earnings
London
BRITISH Airways owner IAG SA said that it is reviewing outstanding orders for the latest Boeing Co and Airbus Group SE wide-body jets while keeping older planes for longer and adding more seats to others in a bid to pare spending as overcapacity and the UK's Brexit vote weigh on earnings.
Plans to take 38 Airbus A350s and Boeing 787s are "under review" for deferral, IAG told investors on Friday. It will retain four more aging 747 jumbos than planned and an extra seat will be added to each economy-class row on 25 777s based at London Gatwick, creating 52 new berths per plane from 2018.
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