Airlines

IAG 2015 profit comes in at top end of guidance

Share

British Airways-owner reported a 65 percent rise in annual profit, at the top end of guidance, and said for 2016 it expected further profit increases as it benefits from a lower crude price.


A British Airways Airbus A380 at Heathrow Airport in London.
David Dyson | British Airways

For 2015, IAG, whose portfolio of airlines also includes Iberia, Vueling and Aer Lingus, posted operating profit of 2.3 billion euros, at the higher end of its 2.25 billion euros to 2.3 billion euros forecast, and beating an analyst consensus view of 2.289 billion euros.

Airbus CEO: Oil price won’t hurt us
Airbus plane in hanger
Airplane 'benches' could replace your seats

Follow CNBC International on Twitter and Facebook.