{ "story_id": "aa1268aa01a34c03a586de65b56caba3", "desk": "bad-news-beat", "revision": 1, "published_at": "2026-11-12T01:54:59.803Z", "content_hash": "6d0394b267bac1cfc76501c37834171dce9cd6bc30aed8fb2c5523ec2c9c2be7", "hash_basis": "sha256 over `headline\\ndek\\nprose`, plus `\\n` + the canonical citations JSON when any source is placed, plus `\\n#blog` for blogs", "basis": { "headline": "British Airways owner IAG misses profit forecast and plans to fly less", "dek": "It expects its first annual fall in capacity since 2022. Middle East disruption from the Iran war and an 8.9 billion euro fuel bill are behind it.", "prose": "IAG, the owner of British Airways, reported a third-quarter operating profit before exceptional items of €1.73 billion.[^1] That missed the analyst consensus of €1.81 billion.[^2] The shortfall is €80 million, or a little over 4%.\n\n## Flying less\n\nIAG forecasts that its capacity for 2026 will be slightly lower.[^3] It will be the group's first annual decline in capacity since 2022.[^4]\n\nDisruption to flights in the Middle East, from the Iran war and other conflicts, is affecting its operations.[^5]\n\n## Fuel\n\nThe group forecasts a total fuel cost of €8.9 billion for 2026.[^6] It is 71% hedged for the rest of this year and 45% hedged for 2027.[^7] More than half of next year's fuel is still exposed to the market price.\n\n## Demand\n\nBookings have held. Eighty-five percent of the seats IAG expects to sell in the fourth quarter are booked.[^8]\n\n## The market\n\nIAG shares moved around 1% in early trade on 6 November.[^9] Luis Gallego is the group's chief executive.[^10]", "cited": "[{\"statement\":\"IAG reported third quarter operating profit before exceptions of €1.73 billion.\",\"source\":\"rte.ie\",\"instrument\":\"\",\"claim_key\":\"doc:page-html-109547:3\",\"url\":\"https://www.rte.ie/news/business/2026/1106/1598223-iag-quarterly-results/\"},{\"statement\":\"IAG's third quarter profit missed analyst consensus of €1.81 billion.\",\"source\":\"rte.ie\",\"instrument\":\"\",\"claim_key\":\"doc:page-html-109547:4\",\"url\":\"https://www.rte.ie/news/business/2026/1106/1598223-iag-quarterly-results/\"},{\"statement\":\"IAG forecasts 2026 annual capacity will be slightly lower.\",\"source\":\"rte.ie\",\"instrument\":\"\",\"claim_key\":\"doc:page-html-109547:0\",\"url\":\"https://www.rte.ie/news/business/2026/1106/1598223-iag-quarterly-results/\"},{\"statement\":\"This will be IAG's first annual capacity decline since 2022.\",\"source\":\"rte.ie\",\"instrument\":\"\",\"claim_key\":\"doc:page-html-109547:1\",\"url\":\"https://www.rte.ie/news/business/2026/1106/1598223-iag-quarterly-results/\"},{\"statement\":\"Middle East flight disruptions from the Iran war and conflicts impact IAG operations.\",\"source\":\"rte.ie\",\"instrument\":\"\",\"claim_key\":\"doc:page-html-109547:2\",\"url\":\"https://www.rte.ie/news/business/2026/1106/1598223-iag-quarterly-results/\"},{\"statement\":\"IAG forecasts total 2026 fuel cost will be €8.9 billion.\",\"source\":\"rte.ie\",\"instrument\":\"\",\"claim_key\":\"doc:page-html-109547:8\",\"url\":\"https://www.rte.ie/news/business/2026/1106/1598223-iag-quarterly-results/\"},{\"statement\":\"IAG is 45% fuel hedged for 2027 and 71% hedged for the rest of 2026.\",\"source\":\"rte.ie\",\"instrument\":\"\",\"claim_key\":\"doc:page-html-109547:9\",\"url\":\"https://www.rte.ie/news/business/2026/1106/1598223-iag-quarterly-results/\"},{\"statement\":\"85% of IAG fourth quarter 2026 expected seats are booked.\",\"source\":\"live.euronext.com\",\"instrument\":\"\",\"claim_key\":\"doc:british-airways-owner-iag-expects-lower-capacity-2026-fuel-c-236453:6\",\"url\":\"https://live.euronext.com/en/financial-news/british-airways-owner-iag-expects-lower-capacity-2026-fuel-costs-bite\"},{\"statement\":\"IAG shares fluctuated around 1% in early trade on 2026-11-06.\",\"source\":\"live.euronext.com\",\"instrument\":\"\",\"claim_key\":\"doc:british-airways-owner-iag-expects-lower-capacity-2026-fuel-c-236453:5\",\"url\":\"https://live.euronext.com/en/financial-news/british-airways-owner-iag-expects-lower-capacity-2026-fuel-costs-bite\"},{\"statement\":\"Luis Gallego is IAG chief executive.\",\"source\":\"rte.ie\",\"instrument\":\"\",\"claim_key\":\"doc:page-html-109547:5\",\"url\":\"https://www.rte.ie/news/business/2026/1106/1598223-iag-quarterly-results/\"}]", "kind": "news" }, "receipt_verify": "Ed25519 over the dot-joined string `slice_hash.cursor_from.cursor_to.view.view_version.row_count`; 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