IAG made an operating profit of €710 million for the first half of 2016, compared with €555 million for the same period last year, helped by a 4.1% rise in revenue to £10.8 billion and an 18.7% drop in fuel costs. The results were also boosted by IAG’s purchase of Aer Lingus.
But chief executive Willie Walsh warned that the weak pound since the result of the EU referendum last month had already caused a “negative currency impact of €148 million” for IAG.
IAG warns on ‘weaker trading’ in the UK
Air
Rob Gill
29 July 2016
British Airways’ owner International Airlines Group has warned of a “weaker trading environment” in the UK despite the company’s profit rising.
BA has put the cancellations down to issues with the engines on its Boeing 787 Dreamliner aircraft
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