British Airways’ parent company records surge in profits
International Airlines Group said its operating profit last year was 4.3 billion euro (£3.6 billion).
By contributor Neil Lancefield, PA Transport Correspondent
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British Airways’ parent company International Airlines Group (IAG) said its operating profit surged by 22.1% last year to 4.3 billion euros (£3.6 billion).
That is up from 3.5 billion euros (£2.9 billion) in 2023.
The company attributed the increase to higher revenues per passenger and lower fuel costs.
Its passenger revenue per available seat kilometre flown increased by 3.1%, while fuel costs per unit declined by 5.2%.
It is proposing to pay a final dividend to shareholders for 2024 which will take the total payments to 435 million euros (£359 million).
