Walsh was also speaking about reducing capacity or lowering capacity forecasting in line with economic changes. Capacity forecast down from 4% to 2-3%
Meanwhile Norwegian cut their flights by 20% from a forecast of 10-15% growth. That is quite a swing.
More of this on the evening standard both online and print.
https://www.standard.co.uk/business/...-a4259491.html
Willie Walsh, chief executive of British Airways owner IAG, today said he predicted airline capacity growth would slow to 2% to 3% in 2020 in the face of global economic stormclouds.
Given that he recently warned IAG's capacity for this year would turn out to be about 4% compared with the previous plan of 5%, his words are bound to fuel speculation he is softening up the market for a bigger cut next year.