British Airways parent IAG posts record profit
IAG said Friday that Q3 net profit hit a record level and underpinned its strong summer performance by promising investors a 20% jump in full-year earnings. Net income reached E1b (US$1.17b) for the busy July-to-September flying period from E930m the previous year. The group's more closely-watched figure for operating profit before one-time items advanced 21% to E1.46b after sales grew 2% to E6.62b. IAG said it should deliver record operating profit for the full-year of around EUR3b. The group had previously promised investors it would improve on its 2016 pre-exceptional items operating profit of E2.5b by a double-digit percentage figure. CE Willie Walsh said that the group's "commercial performance was good despite underlying disruption from severe weather and terrorism." <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-10-30/oneworld/british-airways-parent-iag-posts-record-profit
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British Airways parent IAG posts record profit
IAG said Friday that Q3 net profit hit a record level and underpinned its strong summer performance by promising investors a 20% jump in full-year earnings. Net income reached E1b (US$1.17b) for the busy July-to-September flying period from E930m the previous year. The group's more closely-watched figure for operating profit before one-time items advanced 21% to E1.46b after sales grew 2% to E6.62b. IAG said it should deliver record operating profit for the full-year of around EUR3b. The group had previously promised investors it would improve on its 2016 pre-exceptional items operating profit of E2.5b by a double-digit percentage figure. CE Willie Walsh said that the group's "commercial performance was good despite underlying disruption from severe weather and terrorism." <br/>
