Aviation group IAG significantly boosted its operating result in its second quarter despite higher fuel costs. The owner of British Airways, Iberia, Aer Lingus and Vueling companies continue to follow previously issued forecasts for this year.
Operating profit before one-off items increased by nearly 7 percent to 960 million euros compared to a year earlier. Total revenues increased by 10 percent to almost 6.8 billion euros. Turnover per passenger also increased. Fuel costs rose by 6 percent on an annual basis in the past quarter.
The airline did good business with its longer flights. Thanks to its large number of brands and therefore worldwide reach, IAG has fewer problems with overcapacity on the European market.
The airline company is expecting a challenging end of the summer. IAG pilots are threatening with a work interruption to support their call for better collective labor agreements.