No pilot shortage, says Walsh

The head of IAG Wilie Walsh says there is still no shortage of pilots in the industry and that some carriers have an issue in terms of finding captains. IAG owns British Airways, Aer Lingus, and Iberia.

IAG said it expected profits to rise by nearly 20% thanks to strong travel demand and lower costs, but its shares dropped over concerns that revenue trends were weaker than those of rivals.

His comments were made as the airline group unveiled its earnings for the three months to the end of September.