Photographer: Chris Ratcliffe/Bloomberg

British Airways Owner Cuts Capacity, Reviews Spending on Brexit

  • IAG predicts only ‘low double-digit’ profit increase for 2016
  • Second-quarter figure up on lower oil, Aer Lingus purchase

British Airways parent IAG SA will cut capacity and put spending under review in the wake of the U.K.’s decision last month to quit the European Union, with the uncertainty depressing profit growth this year.

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