27 FEBRUARY 2017


Readers are invited to add their comments to any story. Click on the article to see and add.


BTN also goes out by email every Sunday night at midnight (UK time). To view this edition click here.


Email this Page

The Business Travel News
PO Box 758
Edgware HA8 4QF
United Kingdom
+44 (0)20 8952 8383
© 2019 Business Travel News Ltd.

Article from BTNews 27 FEBRUARY 2017

British Airways profits

Figures published by IAG show how reliant the group is on BA to make a realistic profit.

Six full years after the airline group was controversially created by the amalgamation of British Airways and Iberia the annual figures published last week notes that of the €2.4bn operating profit €1.7bn comes from the UK carrier with the Spanish operator contributing just €271m and the much smaller Aer Lingus not far behind with €233m. Vueling, a low-cost Spanish carrier and part of the Group, had a profit of €60m.

Willie Walsh, IAG's chief executive, said: "It was a good performance in a challenging environment. The fall in the value of the pound last year cost €460m”.

IAG recently closed Heathrow Bath Road headquarters and moved into the BA Waterside building.   It is planning to start low-cost transatlantic flights from Barcelona this year to destinations in the US but the move by Norwegian (see in this issue) may require a rethink.

Citing the results UNITE the cabin staff trade union has called for another British Airways strike from 00:01 Friday 3March to 23:59 on Thursday 9 March. 


Index/Home page

OUR READERS' FINEST WORDS (All times and dates are GMT)

All comments are filtered to exclude any excesses but the Editor does not have to agree with what is being said. 100 words maximum

No one has commented yet, why don't you start the ball rolling?

Add your comment

First Name
Email Address
Company (Not obligatory)
- You must be a registered subscriber using the email address entered to submit a comment, or you will be sent a confirmation email before your comment will appear.
- Your comment will be checked before appearing, which may take several working hours.