British Airways’ parent IAG has reported strong third quarter results despite rising fuel costs and unfavourable exchange rates.
Third quarter operating profit, before exceptional items, was €1,460 million, slightly up on €1,450 million for the same period last year.
Meanwhile, operating profit for the nine months to September 30 was €2,575 million, up 7.3% on the previous year.
This was despite a 15% rise in fuel costs and a hit of €111 million due to the impact of foreign exchange headwinds.
Passenger unit revenue for the quarter was up 1.3%, or 2.4% at constant currency.
CEO Willie Walsh said: "These were strong results despite significant fuel cost and foreign exchange headwinds."
