4 MARCH 2019

YOUR WORDS


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

BTN DISTRIBUTION

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

Index

Email this Page
Bookmark

The Business Travel News
PO Box 758
Edgware HA8 4QF
United Kingdom
+44 (0)20 8952 8383
info@btnews.co.uk
© 2020 Business Travel News Ltd.

Article from BTNews 4 MARCH 2019

IAG shrugs off fuel rise

British Airways’ parent company International Airlines Group (IAG) was in dominant form last week with an order for up to 42 Boeing B777X (see this issue) and improved full-year financial results to 31 December 2018.

On the financial side, IAG said it had weathered a significant fuel price increase and other challenges to report an operating profit of €3.230bn, a 9.5% rise over 2017, with adjusted earnings per share growing by 15.1%.

CEO Willie Walsh said: This was a very good performance despite three significant challenges: fuel prices increasing 30%, considerable Air Traffic Control disruption and an adverse foreign exchange impact of €129m."

Of IAG’s four constituent airlines, British Airways’ operating profit was £1.9bn, up £203m over 2017 on a capacity increase of 2.5%, while Iberia’s operating profit was €437m, an increase of €61m.

Aer Lingus contributed an operating profit of €305m, a record performance and an improvement of €37m over the previous last year. Capacity increased by 10% from additional flying to new routes such as Philadelphia and Seattle.

Vueling’s operating profit was €200m, an increase of €12m despite facing significant operational disruption from ATC regulations and strikes.

On trading outlook, Walsh said at current fuel prices and exchange rates, IAG expected a 2019 operating profit “in line” with the 2018 figures.

www.iairgroup.com   www.britishairways.com

www.aerlingus.com   www.iberia.com   www.vueling.com

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
Surname
Email Address
Company (Not obligatory)
Country/City
Comment
- 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.
www.btnews.co.uk