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British Airways owner sees Brexit volatility reducing profit growth

Jun 24 2016 11:44

Berlin - British Airways owner IAG said the UK’s vote to leave the European Union will reduce profit growth in 2016 amid a short-term impact on travel demand.

While IAG expects operating profit to show "significant" growth this year, the airline group no longer sees an increase similar to the 70% gain posted in 2015, the company said in a statement.

 IAG said it will update the market in due course.

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