London (AFP) - The parent company of British Airways and Iberia, IAG, announced on Friday that its net profit fell more than 12% in the third quarter due to higher fuel prices and flight disruptions caused by the conflict in the Middle East.

First modification: 06/11/2026 - 12:29

Profit after tax fell to 1.23 billion euros ($1.37 billion) in the period from July to September, compared to 1.4 billion in the same period in 2025, IAG said in a statement.

The group noted that the high prices obtained in this period were offset by "the impact of specific incidents that altered operations and, in particular, by the increase in fuel prices" by more than 30% during the quarter.

Revenues in this period also increased by 4.5% to 9,740 million euros.

IAG chief executive Luis Gallego said they had had a "resilient quarter" despite rising jet fuel prices.

Other IAG brands include the Irish airline Aer Lingus and the Spanish Vueling.

© 2026 AFP

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