British Airways Owner Sees Profit Jump on 'Strong' Demand
GREATER LONDON, ENGLAND, AUG 1 – IAG’s 44% profit rise reflects strong demand and a 2.1% increase in British Airways’ flight capacity despite a £40 million cost from Heathrow’s March closure.
- IAG reported an operating profit of £1.68 billion for the second quarter, exceeding analysts' expectations of £1.4 billion, and increased by 35% from £1.2 billion last year.
- The company's net profit increased by 44% in the first half of the year due to strong demand, as stated by IAG.
- IAG's group revenue rose by eight percent to 15.9 billion euros in the January-June period, reflecting strong consumer demand.
- Luis Gallego, IAG's chief executive, commented on the ongoing trend of consumer spending shifting towards travel.
40 Articles
40 Articles
Heathrow closure cost British Airways owner £40m
The closure of Heathrow airport in March had a “severe impact” on the owner of British Airways and cost the group tens of millions of pounds in lost profit. International Airlines Group (IAG), which also owns the likes of Spanish carrier Vueling and Ireland’s Aer Lingus, said the blaze that brought operations at London’s flagship hub to a halt for nearly a day cost the airline £40m – or €70m – in the first half of this year. The disclosure is th…
British Airways owner sees profit jump on ‘strong’ demand
IAG, the owner of British Airways and Spanish carrier Iberia, said Friday that its net profit jumped 44 percent in the first six months of the year on "strong demand". Profit after tax came in at 1.3 billion euros ($1.5 billion) compared with 905 million euros in the first half of 2024, IAG said in
British Airways profits jump despite Heathrow fire closure
The carrier reported a 48% jump in underlying operating profits to £824 million for the six months to June 30. British Airways’ half-year earnings have increased despite a £40 million hit from the closure of Heathrow in March after a substation fire, as the airline ramped up its flight programme. The carrier reported a 48% jump in underlying operating profits to £824 million for the six months to June 30, up from £555 million a year ago. Owner I…
British Airways’ profits jump despite Heathrow fire closure - Jersey Evening Post
(adds final three pars) British Airways’ half-year earnings have increased despite a £40 million hit from the closure of Heathrow in March after a substation fire, as the airline ramped up its flight programme. The carrier reported a 48% jump in underlying operating profits to £824 million for the six months to June 30, up from £555 million a year ago. Owner International Airline Group (IAG) said earnings were driven higher at British Airways as…
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