British Airways and Iberia parent IAG is still expecting to improve its full-year operating profit, despite a second quarter in which it suffered operational disruption.
It turned in a second-quarter operating profit of €835 million ($968 million) before exceptional items, a rise from the previous level of €790 million.
Passenger unit revenues were up by 2.3%, while non-fuel unit costs before exceptionals were down 2%, at constant currency. Fuel unit costs rose 15%.
IAG states that its Spanish budget carrier Vueling was “particularly affected” by strike action from French air traffic controllers, leading to €20 million of disruption costs over the quarter.
“These strikes are also having a significant negative impact on the Spanish economy and tourism,” claims IAG chief Willie Walsh.
Over the first half the company’s operating profit rose 17%, before exceptionals, to €1.1 billion.
Source: Cirium Dashboard
