IAG [ BA / IBERIA / International Airline Group ] announces half-year profits

Discussion in 'Blogstand' started by uggboy, Jul 29, 2011.  |  Print Topic

  1. uggboy
    Original Member

    uggboy Gold Member

    Likes Received:
    Status Points:
    IAG announces half-year profits:)

    The holding company for merged carriers BA and Iberia has announced half-year profits (before tax) of €39m, compared to a loss of €419m for the same period in 2010.

    The result was achieved despite an increase in fuel costs of 34.8 per cent, with CEO Willie Walsh describing it as “a good first half performance”. However it should be noted that last year’s results for the same period were affected by both the ash cloud crisis and strikes by BA cabin crew.


Share This Page