RE: IAG 3rd Quarter7 Nov 2025 08:14
British Airways owner International Consolidated Airlines Group posted a drop in net profit and flat revenue after fewer passengers chose its airlines to fly in the third quarter of the year.
IAG, which also encompasses Iberia and Vueling among other airlines, said Friday that it made 1.40 billion euros ($1.62 billion) in net profit in its third quarter compared with 1.435 billion euros a year earlier, on revenue that stood flat at 9.33 billion euros.
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Operating profit before exceptional items—the company’s preferred metric, which strips out exceptional and other one-off items—rose by 2% to 2.05 billion euros. This was below analysts’ expectations of 2.10 billion euros, according to a company-provided consensus.
The group backed its 2025 outlook. Chief Executive Luis Gallego said the company remains on track to deliver another year of growth in revenue, profit and shareholder returns.
IAG flew 34.6 million passengers in the period, a 0.5% decrease. Load factor, a measure of how full an airline’s planes are, fell to 88.6% in the third quarter from 89.9% a year earlier.
Write to Cristina Gallardo at cristina.gallardo@wsj.com
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