British Airways owner IAG records 15% surge in profits
The Independent|November 09, 2024
The owner of airlines British Airways and Aer Lingus has said its earnings soared in recent months due to "the effectiveness of our strategy and group-wide transformation".
NEIL LANCEFIELD
British Airways owner IAG records 15% surge in profits

International Airlines Group (IAG) reported an operating profit for the first three months to the end of September of €2bn (£1.7bn), up 15.4 per cent from €1.7bn a year ago.

Total revenues rose to €9.3bn, up 7.9 per cent from €8.6bn last year. IAG also announced a €350m share buyback scheme, adding that it expects its “strong financial performance to continue for the rest of the year”.

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