Business & Markets
British Airways owner IAG profit falls 35%
IAG, the parent group of British Airways and Spanish carrier Iberia, said Friday that second-quarter net profit fell 35% as the Middle East war pushed up jet fuel costs and reduced planned flying capacity.
The company said net profit for April-June was 732 million euros, or $843 million, compared with the same period in 2025. Revenue rose to 8.88 billion euros.
IAG cited the “impact of a significant fuel price increase” and “lower capacity flown than planned” because of the Middle East crisis. It said disciplined cost control partly mitigated the higher fuel costs.
“We are well-positioned to deal with these near-term headwinds with a diverse portfolio of world-class brands in large and attractive markets,” chief executive Luis Gallego said in the results statement.
IAG also owns Irish airline Aer Lingus and Spanish carrier Vueling.
Update
IAG said second-quarter revenue rose to 8.88 billion euros.
IAG cited lower capacity than planned because of the Middle East crisis, as well as higher fuel costs.
The company said cost control partly offset the rise in fuel costs.
Chief executive Luis Gallego said IAG was well positioned to deal with near-term headwinds.
IAG's other brands include Aer Lingus and Vueling.
Source note: AFP news report published on 31 July 2026 at 07:56:43 UTC.
Update
IAG said second-quarter net profit fell 35% from a year earlier.
IAG reported net profit of 732 million euros, or $843 million, for April-June.
IAG said the Middle East war sent jet fuel costs higher.
Source note: AFP news report published on 31 July 2026 at 06:25:47 UTC.
Source
AFP news report published on .