Home / Business / IAG announces profits of 3.2 billion euros in a full year – Business Traveler

IAG announces profits of 3.2 billion euros in a full year – Business Traveler



International Airlines Group reported a pre-tax profit of 3.2 billion euros for the full year at December 31, 2018, up 9.5% over the previous year.

Willie Walsh, CEO, said the results had been achieved "despite three significant challenges: a 30% increase in fuel prices, a significant disruption of air traffic control and an unfavorable foreign exchange impact of $ 129 million. # 39; euros ".

IAG recorded an operating profit of € 655 in the fourth quarter of 2018, up 19.1% over the same period in 2017, with a turnover in passenger units up from 1.5%.

However, the group warned that earnings for 2019 are expected to remain stable, noting that "at the dawn of 2019, political uncertainty, volatility in fuel prices and the current risk of The impact on our business and reputation of cyberattacks is increasing.

British Airways earned operating profit of 1.952 billion euros, of which 305 million euros for Aer Lingus, 200 million euros for Vueling and 437 million euros for Iberia.

IAG also announced a new order for 42 B777-9 aircraft for the British Airways member carrier, which will replace the company's aging B747-400 and B777-200 aircraft.

iairgroup.com


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