British Airways owner IAG says strikes cost £121m bbc.com

British Airways owner IAG has warned that its profits will be lower than expected this year, partly due to the impact of strikes by its pilots.

It said the two-day strike earlier this month in a row over pay and conditions had cost it at least €137m (£121m).

Overall, IAG expects its operating profit for this year to be €215m lower than previous guidance.

There have been no further talks between BA and the pilots' union, and more strikes will hit profit, IAG said.