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Your email address will not be published.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

unnamed

ECAA approves Baltic Aviation Academy to provide training for Egyptian pilots

23rd March 2015 11:05

Baltic Aviation Academy has received the approval from Ministry of Civil Aviation Authorities of Egypt (ECAA) certifying training centre to provide pilot…

Read More
Thomas Cook Graduates_Tim Cheale
Embraer_170-100STD,_BA_CityFlyer_JP7177727

BA CityFlyer accepting modular trainee entry pilots from Kura

16th March 2015 11:42

Kura Aviation has announced that BA CityFlyer is now inviting First Officer applications from modular commercial pilots who have successfully completed…

Read More