BA flies high again with bumper profits despite bank holiday disruption
Evening Standard|October 27, 2023
BRITISH Airways owner IAG continues to reap the rewards of the post-pandemic travel boom, as it today revealed record third-quarter profits despite a €50 million (£44 million) hit from the August bank holiday air traffic control chaos
Daniel O’Boyle
BA flies high again with bumper profits despite bank holiday disruption

The group, which also owns Aer Lingus and Spanish carrier Iberia, reported a profit of €1.23 billion in the three months from July to September as capacity reached almost 96 per cent of pre-Covid levels.

IAG said leisure demand was “very strong”, but business travel has been slower to recover.

BA alone made an operating profit of £617 million, as capacity grew by a quarter. That came despite the National Air Traffic Services shutdown on the August bank holiday.

IAG estimates that “higher disruption” across the business added around €50 million to its non-fuel costs. That was enough to ensure that those costs for the full year will be at the top end of IAG’s range.

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