About: http://data.cimple.eu/news-article/4bf05dd0e97c9ff9767d9421aba2b497b258dc6cfa7bb2c9437f4c2b

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About: http://data.cimple.eu/news-article/4bf05dd0e97c9ff9767d9421aba2b497b258dc6cfa7bb2c9437f4c2b Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	British Airways-parent IAG on Friday said annual net profit dived 41 percent on higher fuel costs and strikes at BA, adding that the outlook was "adversely affected" by the coronavirus. Profit after tax slumped to 1.72 billion euros ($1.89 billion) last year from almost 2.9 billion euros in 2018, IAG said in an earnings statement. Chief executive Willie Walsh said 2019 had been "a year affected by disruption and higher fuel prices", while IAG added that "the earnings outlook is adversely affected by weaker demand as a result of coronavirus". IAG last month said Walsh was standing down on March 26 after a long stint that saw him oversee the group's creation and rapid expansion. He is being replaced by Luis Gallego, head of IAG's Spanish airline Iberia. Separately on Friday, British no-frills carrier EasyJet said that in order to "mitigate the impact from COVID-19", the airline would deliver "operational efficiency and cost savings across a number of areas of the business", including recruitment. "Following the increased incidence of COVID-19 cases in northern Italy, we have seen a significant softening of demand," EasyJet said in a statement. "Further, we are also seeing some slower demand across our other European markets. "As a result we will be making decisions to cancel some flights, particularly those into and out of Italy, while continuing to monitor the situation and adapting our flying programme to support demand," EasyJet added. bcp/bmm
schema:headline	Coronavirus hits outlook for BA, EasyJet
schema:mentions	Iberian Peninsula Spanish language British Airways Italy United Kingdom Coronavirus Severe acute respiratory syndrome coronavirus 2 Willie Walsh (businessman) Tax incidence International Airlines Group EasyJet Microsoft Outlook
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-02-28 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	74 (xsd:integer)

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