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LONDON, Nov 8 (Reuters) - British Airways owner IAG
scaled back its forecast for capacity growth for the next three
years on Friday, hitting its outlook for earnings per share as
the prospects for the global economy remained weak.
IAG said that available seat kilometres, a measure of
passenger carrying capacity, was estimated to grow 3.4% a year
between 2020 and 2022, compared to a previous forecast of 6%
growth a year for the 2019-2023 period.
The airline group, which also owns Iberia, Aer Lingus and
Vueling, lowered its forecast for growth in earnings per share
(EPS) to 10%+ a year from a previous forecast of 12%+ a year,
due to the lower planned capacity growth.
(Reporting by Alistair Smout; editing by Kate Holton)
