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IAG shrugs off IT outage to post half-year profits rise

Air
Tom Parry
28 July 2017

British Airways’ parent International Airlines Group (IAG) has railed from the backlash of the carrier’s "IT outage" in May to post a double-digit rise in profits in its half-year financial report.

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Low fuel costs and a strong Easter helped the group, which also boasts Aer Lingus, Vueling and Iberia, to increase its total revenue inched up 0.9% to €10.9bn in the six months to June 30, while operating profit after exceptional items rose 13.8% to €898 million.

Passenger revenue per available seat kilometre decreased by 2.6% to €6.50, while non-fuel costs rose 3.5% at a constant currency level, reflecting the effects of the power outage at BA.