British Airways owner IAG outperforms rivals with profits up 15%

Group expects ‘strong financial performance to continue’ as it announces €350m share buyback scheme

Strong demand for transatlantic travel has boosted the profits of British Airways owner, International Airlines Group, (IAG), with the UK national carrier outperforming rivals despite widespread European flight delays.

Operating profits for the peak summer season were up about 15% on last year to €2bn (£1.7 bn) , with BA achieving a 20% margin, even with labour costs 14% higher than in 2023.

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