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British Airways owner IAG expects profits to flatline in 2019

Air
James Chapple
28 February 2019

British Airways owner IAG has posted full-year operating profits up 9.5% to €3.23 billion – but expects its 2019 results to fall “broadly in line” with last year’s takings.

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Boss Willie Walsh hailed the group’s strong performance in the face of spiralling fuel costs, last summer’s air traffic control disruption and substantial foreign exchange impact.


“Yet again, we’ve improved our operating profit this year, and our adjusted earnings per share grew by 15.1%,” he said.


“This was a very good performance despite three significant challenges: fuel prices increasing 30%, considerable air traffic control disruption and adverse foreign exchange impact of €129 million.


"At constant currency, passenger unit revenue improved 2.4% while non-fuel unit costs decreased 0.8% on capacity growth of 6.1%.”