US EditionBritish 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
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
Daily Journal
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".
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…
IAG beats second-quarter profit estimates
Aer Lingus and British Airways owner IAG has today reported better than expected second-quarter earnings, helped by strong demand for its transatlantic routes despite fears of knock-on effects from US President Donald Trump's tariff war.
Are investors having second thoughts about the IAG share price?
The International Consolidated Airlines Group (LSE: IAG) share price started the morning brightly, jumping 2% on today’s (1 August) first-half results. As someone who holds the high-flying growth stock, I was ready to celebrate another day in the sun – but what’s this? As I settle down to write this around midday, the shares are down almost 2%. It looks like investors are having a rethink. Growth still looks strong I can see why they were initia…
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