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European airlines slump on Brexit vote; IAG issues profit warning
Published Sun, Jun 26, 2016 · 09:50 PM
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London
IAG said that it would no longer meet its profit targets this year after Britain's vote to leave the EU raised concerns over travel demand and flying rights.
Airlines with a strong focus on the UK market plunged last Friday with IAG, easyJet, Wizz Air and Ryanair all down by 18-22 per cent. British bank HSBC downgraded all European carriers to "reduce".
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