British Airways’ parent company records surge in profits

British Airways’ parent company International Airlines Group (IAG) said its operating profit surged by 22.1% last year to 4.3 billion euros (£3.6 billion).

That is up from 3.5 billion euros (£2.9 billion) in 2023.

The company attributed the increase to “the successful execution of our transformation programme”.

IAG said its available seat kilometres – a measure of its capacity – grew by 6.2% in 2024.

It is proposing to pay a final dividend to shareholders for 2024 which will take the total payments to 435 million euros (£359 million).

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