Share

British Airways owner lifts guidance

London - International Airlines Group, owner of British Airways and Iberia, upgraded its annual guidance on Friday as growing passenger numbers and lower fuel costs led to strong third-quarter profits.

IAG, which bought Ireland's Aer Lingus in August, predicted full-year operating profit would range from €2.25bn and €2.3bn.

That compared with the previous profit guidance of €2.2bn.

IAG added in a results statement that net profits jumped 42% to €848m in the three months to the end of September.

Excluding Aer Lingus, it also posted a third-quarter operating profit of €1.21bn, beating analysts' forecasts of €1.19bn.

Revenues rebounded 15% to €6.756bn, boosted by a 17.7% jump in passenger numbers to 27.564 million people.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
19.00
-0.3%
Rand - Pound
24.09
+0.1%
Rand - Euro
20.60
-0.0%
Rand - Aus dollar
12.37
+0.5%
Rand - Yen
0.13
+0.6%
Platinum
901.60
-0.1%
Palladium
998.41
-0.8%
Gold
2,153.87
-0.3%
Silver
24.93
-0.5%
Brent Crude
86.89
+1.8%
Top 40
65,642
-0.9%
All Share
71,879
-0.8%
Resource 10
52,855
-0.9%
Industrial 25
99,386
-1.1%
Financial 15
16,545
-0.5%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders