BA owner's profits high record high despite delivery delays

BA owner's profits high record high despite delivery delays
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BA owner's profits high record high despite delivery delays
Published: Feb, 28 2025 10:08

Summary at a Glance

IAG's total passenger numbers grew by 5.6 per cent to 122 million last year; they rose in Europe by 5.8 per cent to 63.3 million as the company prolonged some operating seasons outside the peak summer period.

The airline flew 46.2 million people, a 6.6 per cent year-on-year increase, supported by its passenger load factor - share of seats filled - rising by 1.6 percentage points to 85.2 per cent.

Bumper result: British Airways owner International Airlines Group (IAG) has unveiled a €1billion share buyback scheme after reporting record profits for the second successive year.

International Airlines Group (IAG) has unveiled a €1billion (£830million) share buyback scheme after reporting record profits for the second successive year.

The Aer Lingus owner said its operating profits rose by 22.1 per cent to €4.3billion in 2024, against €3.5billion the previous year, as cheaper fuel prices complemented growing customer demand.

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