British Airways parent’s profits dip as second day’s breach revealed


British Airways owner IAG today reported third quarter pre-tax profits of £1.4bn, a fall of 0.4% compared with £1.4bn for the same period in 2017. It says it was hit by rising fuel prices and currency exchange rates.

However, BA stands to face a fine over cyberattacks that have seen hackers stealing personal data on customers.

Yesterday, BA revealed that it had discovered a second hack attack on its website.

It believes more than 185,000 people may have had their payment card details stolen.

Under new GDPR legislation, BA could face a much larger fine ranging from between £70-£500m.