British Airways CEO puts cost of recent IT outage at 80 million pounds

Jun 15, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

MADRID (Reuters) – A technological failure which stranded tens of thousands of British Airways (BA) passengers in May will cost the company around 80 million pounds ($102.19 million), Willie Walsh, chief executive of BA parent International Airlines Group (IAG), said on Thursday.