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British Airways parent IAG posts record €1.75bn summer profit

Air
James Chapple
27 October 2023

British Airways parent IAG achieved record summer profits this year despite the impact of the August bank holiday weekend air traffic control outage.

British Airways IAG

British Airways has continued to add capacity on routes to the US

IAG recorded third-quarter (summer) operating profit (three months to 30 September) of €1.745 billion, up from €1.218 billion a year earlier. Profit after tax ran to €1.230 billion compared with €853 million during the same period last year.


Non-fuel costs for the quarter, meanwhile, came in 3.5% below summer 2022 despite around a one percentage point impact "from higher disruption across the business".


Chief among these, said IAG, was the outage suffered by UK air traffic control services provider Nats over the August bank holiday weekend.