IAG cuts 2026 capacity and spending forecasts as quarterly operating profit falls
British Airways parent IAG lowered its 2026 capacity forecast from flat to slightly below last year and cut planned capital spending from €3.4 billion to €3.1 billion. Third-quarter revenue rose 4.5% to €9.744 billion, while operating profit excluding exceptional items fell 15.9% to €1.726 billion. The company raised its full-year fuel cost forecast to €8.9 billion from €8.6 billion and maintained its forecast for an operating margin excluding exceptional items of at least 12%.