British Airways owner sees profits hit by soaring jet fuel costs

NAMPA / DPA
2026-11-06
London (PA Media/dpa) - The owner of British Airways has revealed a sharp drop in quarterly earnings on surging fuel prices due to the Iran war and warned its annual fuel bill is set to jump to nearly ?9 billion ($10 million). International Airlines Group (IAG) said pre-tax profits fell 12.9% to ?1.63 billion in the three months to September 30, while operating profits slumped 15.9% to ?1.73 billion. It said a 4.5% rise in revenues was not enough......
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