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Recent IT outage stranding thousands to cost £80 mn: British Airways CEO

However, Willie Walsh clarified that the figure was an initial estimate

Reuters  |  Madrid 

A technological failure which stranded tens of thousands of British Airways (BA) passengers in May will cost the company around £80 million ($102.19 million), Willie Walsh, chief executive of BA parent International Airlines Group (IAG), said on Thursday. The figure was an initial estimate, Walsh told at the company's annual shareholders meeting in Madrid. In addition to BA, IAG owns Aer Lingus, Vueling and Spain's Iberia. BA suffered a disruption at London's Heathrow and Gatwick airports when a power surge knocked out its information technology system ...

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First Published: Thu, June 15 2017. 19:48 IST