The Business Times
SUBSCRIBERS

BA reviewing fleet plans as Brexit vote, overcapacity weigh on earnings

Published Mon, Nov 7, 2016 · 09:50 PM

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 investor…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Transport & Logistics

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here