IAG doubles full-year operating profit

Posted on: 29th February 2012 10:53 Europe/London.
Elinor

British Airways and Iberia parent International Airlines Group more than doubled operating profit for the full year to €485 million ($653 million), before exceptional items.

The company’s pre-tax profit reached €503 million for the 12 months to 31 December 2011, including the first 21 days of January before IAG’s formal consolidation.

IAG’s revenues were up by more than 10% to €16.3 billion, although a near-30% increase took fuel costs to more than €5 billion. Other operating costs rose by 1.1% to €10.8 billion.

For the full story, visit the Flight Global website.

 

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News Read More

For the first time in the airline?s history, Virgin Atlantic is launching a pilot cadet scheme. Anyone can apply for the scheme and flying experience is not required. Virgin Atlantic will fund the scheme in the form of a loan.

Virgin Atlantic launches first airline pilot career programme

30th October 2014 01:00

Virgin Atlantic has announced its airline pilot career programme – the Virgin Atlantic Future Flyers Programme, offering potential pilots the…

Read More
North-Sea2-300x156

Government rejects offshore safety recommendation

28th October 2014 10:02

The Government has rejected a recommendation by the House of Commons Transport Select Committee to hold a public inquiry into…

Read More
10608395_10152502362101298_1402214525967772736_o

Helicentre Aviation announces winners of 2014 scholarships

27th October 2014 10:42

Helicentre Aviation has awarded a number of helicopter pilot training scholarships with a combined value of over £80,000 to five…

Read More