Two of Europe's major airlines, Air France-KLM and British Airways owner IAG, reported disappointing earnings in Q3
) said on Thursday it had taken a hit from industrial action from pilots at the airline, knocking profits in its third quarter and reiterating a lower outlook for the year.
British Airways pilots went on strike for 48 hours last month, grounding 1,700 flights in a dispute between pilot union BALPA and the airline over pay. Chief Executive Willie Walsh said threatened industrial action by Heathrow staff had also had an impact, even though those August strikes did not go ahead.
IAG shares opened slightly lower but recovered to trade flat by 0821 GMT, outperforming a 6% slump in Air France-KLM .
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