British Airways Owner Issues Profit Warning Over Soaring Fuel Costs
IAG, the parent company of British Airways, has issued a profit warning, anticipating a significant financial hit due to soaring jet fuel costs. The company expects a £1.7 billion impact from higher fuel bills.
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British Airways Owner Sees Profit Hit as War Hikes Fuel Bill - Bloomberg.com
British Airways Owner Sees Profit Hit as War Hikes Fuel Bill Bloomberg.com
Read full article →British Airways owner issues profit warning over soaring jet fuel costs
International Airlines Group expects to spend £1.7bn more on fuel than planned since US-Israeli attack on Iran Business news – live updates The parent company of British Airways has issued a profit warning and said it expects to spend about €2bn (£1.72bn) more on fuel than planned this year due to the Iran war. International Airlines Group (IAG), which also owns Aer Lingus, Iberia and Vueling, said it has hedged 70% of its expected fuel use for this year with costs expected to be about €9bn...
By Mark Sweney
Read full article →British Airways’ parent company expects £1.7bn hit from higher fuel bill
International Airlines Group (IAG) chief executive Luis Gallego said it is ‘managing the uncertainty’ caused by the fuel price increase.
By Neil Lancefield
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