Middle East conflict weighs on profits at British Airways owner IAG
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Middle East conflict weighs on profits at British Airways owner IAG
International Airlines Group (IAG), the owner of British Airways and Iberia, has reported a more than 12 percent fall in third-quarter net profit, citing soaring fuel costs and flight disruptions linked to the conflict in the Middle East.
Profit after tax fell to 1.23 billion euros ($1.37 billion) in the July-September period, compared with 1.4 billion euros a year earlier, the group sa
International Airlines Group (IAG), the owner of British Airways and Iberia, has reported a more than 12 percent fall in third-quarter net profit, citing soaring fuel costs and flight disruptions linked to the conflict in the Middle East.
Profit after tax fell to 1.23 billion euros ($1.37 billion) in the July-September period, compared with 1.4 billion euros a year earlier, the group sa
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