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IAG shares dip as British Airways battles "technical disruption" on flights

The FTSE 100 airline owner IAG's shares dipped after British Airways suffered another technical issue, causing it to delay flights by up to 22 hours

International Consolidated Airlines Group -
More disruption at BA

Shares were grounded at British Airways owner International Consolidated Airlines Group (LON:IAG), after a “technical disruption” caused 22-hour delays on some of the airline’s flights.

BA said on Thursday morning that its teams were working to “resolve a technical issue” and that it was rebooking customers onto alternative flights.

This is the latest setback for the airline after an IT outage in August that saw 91 flights cancelled and delays to 200 more.

A pilots strike meanwhile landed the airline with a £121mln bill after almost a hundred UK flights were scrapped.

In a statement on Thursday, BA said that it plans to operate a “full flight schedule today”, but that there may be “some knock-on delays to flights” and advised customers to check their website for the latest flight information.

Last month, IAG, which owns the airline, reported 7% lower operating profits in the three months to the end of September.

Shares in FTSE 100 company IAG were down 0.6% at 547.6p in morning trading on Thursday.

Quick facts: International Consolidated Airlines Group

Price: 560 GBX

LSE:IAG
Market: LSE
Market Cap: £11.11 billion
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