Group expects ‘strong financial performance to continue’ as it announces €350m share buyback schemeStrong demand for transatlantic travel has boosted the profits of British Airways owner, International Airlines Group, (IAG), with the UK national carrier outperforming rivals despite widespread European flight delays.Operating profits for the peak summer season were up about 15% on last year to €2bn (£1.7 bn) , with BA achieving a 20% margin, even with labour costs 14% higher than in 2023. Continue reading…
Source link : https://www.theguardian.com/business/2024/nov/08/british-airways-owner-iag-outperforms-rivals-with-profits-up-15
Author : Gwyn Topham Transport correspondent
Publish date : 2024-11-08 14:18:17
Copyright for syndicated content belongs to the linked Source.
British Airways owner IAG outperforms rivals with profits up 15%
