British Airways-owner IAG said coronavirus would hit earnings this year but it does not know by how much, as it warned weakening demand would cause further flight cancellations in the coming days.
Coronavirus, the illness which emerged late last year in China, has sent demand for travel plunging in recent weeks as the outbreak has spread. Airlines are flying blind into a crisis of unknown severity and duration.IAG, which also owns Iberia and Aer Lingus, usually gives an earnings forecast at this time of year but said the ongoing uncertainty of the impact and duration of coronavirus meant it could not give accurate profit guidance at this stage.
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