British Airways delivered a more than €300 million financial boost for parent IAG this summer, offsetting challenges for Irish stablemate Aer Lingus and helping the group record a 15.4% increase in operating profit.
BA delivered a €310 million increase in Q3 operating profit (Credit: Heathrow airport)
IAG’s total operating profit for the three months to the end of September 2024, its third quarter, surpassed €2 billion. This came off the back of a 7.9% increase in group revenue to €24 billion, which was aided by a 1.4 percentage point increase in operating margin.
The group said demand remained strong in all its core markets, highlighting its transatlantic network as a particular area of strength following a 3.9% year-on-year capacity hike and a 3.5% increase in passenger unit revenue.
Get unlimited access to the latest travel industry news and analysis, comment on articles and sign up to newsletters.
Register for free
Already registered? Login here or below.
Having difficulty logging in? Try these tips, or contact support@ttgmedia.com
