IAG Reports €1.7 Billion Third-Quarter Operating Profit
International Airlines Group recorded third-quarter operating profit of €1.7 billion, 16% lower than a year earlier.
FlyMarshall Newsroom1 min read
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IAG reported third-quarter operating profit of €1.7 billion, a 16% year-over-year decrease. British Airways and Iberia shifted some capacity away from the Middle East during the quarter.
Key details
- British Airways and Iberia reallocated some capacity away from the Middle East in the third quarter.
- The report linked pressure on IAG’s profit to high fuel prices and disruption, while describing yields as strong.
IAG reported third-quarter operating profit of €1.7 billion, down 16% year over year.
Why it matters
The capacity changes show how the group’s two airlines adjusted their network during the quarter. Strong yields accompanied the profit decline attributed to fuel prices and disruption.
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