British Airways owner to reveal soaring profit after strong travel demand

British Airways owner to reveal soaring profit after strong travel demand
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British Airways owner to reveal soaring profit after strong travel demand
Author: Alex Daniel
Published: Feb, 23 2025 02:45

Summary at a Glance

Its parent company, International Airlines Group (IAG) reports its annual results on Friday February 28, where it is expected to say profit surged by 15% to 4.1 billion euros (£3.4 billion).

British Airways (BA) is expected to reveal a jump in profit next week after more customers chose to take to the skies last year while oil prices slumped, cutting costs for the airline.

And BA has also faced a backlash for changes to its loyalty programme, after switching from awarding points based on the distance flown or fare class to the amount spent, at a rate of one point for every pound.

German travel operator Tui recently raised fears that the upcoming summer would be a tricky one for the industry, flagging slower growth in bookings.

Things may not all be plain sailing for IAG, however – with all eyes on chief Luis Gallego for some indication of how much demand there is likely to be this summer.

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