Tag: IAG

British Airways owner loses £500m in value after IT meltdown

May 30, 2017

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by

Ediri Oyibo

in Technology

IAG shares plunge amid fears for airline’s reputation after IT failure stranded 75,000 passengers on busy holiday weekend, The Guardian reported. Half a billion pounds has been wiped off the market value of the British Airways owner, IAG, after computer system outages grounded hundreds of flights over the weekend. IAG shares fell more than 4%…