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Profits fall at IAG as coronavirus battle continues

Profits fall at IAG as coronavirus battle continues

28 February 2020 Airline News

International Airlines Group has seen operating profit before exceptional items fall 5.7 per cent, to €3,285 million, for the year to December 31st. The group said it was currently unable to offer guidance on its 2020 financial performance as a result of the spreading coronavirus.

Qatar Airways boosts IAG stake to 25 per cent

Qatar Airways boosts IAG stake to 25 per cent

19 February 2020 Airline News

Qatar Airways Group chief executive, Akbar Al Baker, stated: “Our investment to date has been highly successful and the announced increase in our shareholding is evidence of our continued support of IAG and its strategy.”

Pilot strikes weigh on IAG results for third quarter

Pilot strikes weigh on IAG results for third quarter

31 October 2019 Airline News

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.

IAG reports €960m operating profit for second quarter

IAG reports €960m operating profit for second quarter

2 August 2019 Airline News

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.