British Airways Owner IAG Cuts Capacity, Investment Plans as Fuel Costs Weigh

IAG, the owner of British Airways, has again trimmed its expectations for capacity and investment as it faces pressure from higher fuel costs. The group said it still forecasts solid revenue growth and reported that 85% of expected fourth-quarter bookings are already secured. In cutting capacity and investment plans, IAG is signaling a more cautious approach to near-term fleet and spending levels while input costs remain a headwind. The company’s update also reflects the broader airline industry’s balancing act: maintaining demand momentum while protecting margins against volatile fuel prices and associated hedging and operating impacts.