BA owner IAG Group's profits surge by a third

Lower fuel costs offset 'slight dip in revenue' and a hit from the slump in the pound

British Airways planes at Heathrow
(Image credit: Ben Stansall/AFP/Getty Images)

British Airways owner IAG Group has reported an increase in pre-tax profit of around a third for 2016, hitting €2.4bn (£2bn) "in spite of a slight dip in revenue", says the Daily Telegraph.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
Explore More