IAG Sees 2026 Capacity Slightly Down Year-on-Year
- On Friday, International Airlines Group , owner of British Airways and Aer Lingus, forecast annual capacity would be slightly lower than last year, citing ongoing flight disruptions in the Middle East stemming from the Iran war.
- Surging fuel costs drove a 12.9% drop in pre-tax profits to €1.63 billion in the three months to September 30, with annual fuel expenses expected to reach €8.9 billion.
- Operating profits slumped 15.9% to €1.73 billion during the quarter, as a technical fault at National Air Traffic Services on September 8 led to the cancellation of more than 2,000 flights.
- IAG chief executive Luis Gallego noted that 85% of expected forward bookings for the fourth quarter are secured, while the group is currently 45% hedged against fuel price volatilities for 2027.
- Cost-Saving initiatives are helping limit disruption impact, with Gallego stating, "As a result of the actions we are taking the outlook for the rest of the year, as well as the start of next year, is positive.
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Soaring fuel costs hit profit at British Airways owner IAG
British Airways owner IAG has taken a hit to its profit due to “very high” jet fuel prices, which industry bosses have warned could force some airlines into collapse next year. The London-listed firm, which also owns airlines Vueling and Aer Lingus, saw its pre-tax profit dip 16 per cent to €3bn in the nine [...]
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IAG Reduces Its Profit by 16.2% Until September Due to Fuel Prices and Plans to Cut Capacity by 2026
IAG obtained a net profit of 2,264 million euros between January and September 2026, 16.2% less than in the same period of the previous year. Iberia’s own group, British Airways, Vueling, Aer Lingus and Level attributes the regression to fuel prices and operational disruptions resulting from the military conflict in the Middle East, as reported to the National Securities Market Commission (CNMV) on Friday.
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