Corrected: British Airways owner IAG beats second-quarter profit view
31/07/2026 07:02
CORRECTED-British Airways owner IAG beats second-quarter profit view Corrects headline and paragraph 1 to say IAG profit beat estimates, not missed them; corrects profit number in paragraph 2 to €1.41 billion from €1.26 billion
July 31 (Reuters) - British Airways owner IAG ICAG.L narrowly beat second-quarter profit estimates on Friday, but fell 16.3% from a year ago, weighed down by soaring fuel costs linked to the Iran war, and said it now expects capacity to be flat this year.
The carrier posted an operating profit of €1.41 billion ($1.62 billion) for the quarter, above the €1.37 billion forecast by analysts in a company-compiled poll.
($1 = 0.8692 euros)
(Reporting by Shashwat Awasthi in Bengaluru and Joanna Plucinska in London; Editing by Subhranshu Sahu)
Recent news on International Consolidated Airlines
See all newsBritish Airways owner IAG falls after forecasting lower annual capacity
Spanish stocks - Factors to watch on Nov 6 (updated)
British Airways owner IAG expects lower capacity in 2026 as fuel costs bite (updated)
Brief: IAG Expects Total Fuel Cost To Be €8.9 Billion For Full Year
Brief: IAG Q3 Revenue Up 4.5% YoY To €9.74 Bln