International Airlines Group has reported a third quarter operating profit of €1,425 million. The figure is down from the €1,530 million reported for the same period last year, with the organisation hit by pilot strikes at British Airways last month.
International Airlines Group has said recent strikes at British Airways cost €137 million. The British Airline Pilots’ Association called members out in strike on September 9th and 10th in a dispute over pay and conditions.
International Airlines Group has attacked Heathrow airport’s plans to make passengers stump up £3.3 billion in advanced costs for a third runway before planning permission is guaranteed.
International Airlines Group has reported a second quarter operating profit of €960 million before exceptional items. The figure is an increase on the €900 million reported for the same period of 2018, with shares in the company up five per cent in response.
International Airlines Group has reported profit after tax before exceptional items of €70 million for the first quarter of 2019. The figure is down 62.6 per cent on the same period last year, while adjusted earnings per share were down 57.5 per cent on a pro forma basis.
Enrique Dupuy de Lôme will be replaced by Steve Gunning, currently chief financial officer at British Airways, whose appointment as a board executive director will be proposed to the annual general meeting.
London Luton Airport has welcomed a new airline, Level, which began operating flights to Amsterdam earlier. Level, which is owned by IAG Group, will fly from Luton to Amsterdam six days a week from.
Reporting strong financial results today, International Airlines Group has also committed to purchasing up to 42 777X planes from Boeing. The commitment is valued at up to $18.6 billion at list prices.
International Airlines Group has reported operating profit before exceptional items of €3,230 million for the year to December 31st, up 9.5 per cent on the prior year figure of €2,950 million.
International Airlines Group has reported operating profit of €1,460 million before exceptional items for the nine months to September 30th, up from €1,450 million last year.
International Airlines Group has seen profits for the six months to June 30th increase to €835 million, up 5.7 per cent on the same period last year. Total revenue at the group was up 3.1 per cent, to €11.2 billion, while basic earnings per share were up more than 140 per cent to €0.68.
International Airlines Group, Ryanair, easyJet and Wizz Air have submitted complaints to the European Commission against France as its air traffic controllers’ strikes restrict the fundamental principle of freedom of movement within the EU.