BA Owner Reveals Half Year Profits Of £182m

International Airlines Group, the owner of British Airways and Iberia, has announced half year operating profit of £182m (€230m).

The company says the results are £208m (€230m) better than 2013 when it made a £26m loss.

IAG’s chief executive, Willie Walsh, told Sky News the turnaround in Iberia had been “stunning” and said it was buying eight Airbus A350-900 aircraft for the airline, as well as eight A330-200 planes.

Mr Walsh said: “Iberia has taken significant steps to restructure its business and the progress made so far means that we can bring new longhaul aircraft into the airline’s fleet. These orders demonstrate our commitment to make Iberia competitive.”

More than 3000 jobs have been cut at the Spanish airline and nearly 1,600 more losses have been announced.

IAG’s second quarter operating profit was £301m (€380m), up some £107m (€135m) on last year, as the lucrative spring and summer seasons deliver a big increase in passenger numbers.

Mr Walsh also told Sky that BA and Iberia were both taking action over the current outbreak of the ebola virus in some African countries.

“Anyone flying into the areas is provided with a briefing from our health services,” he said.

“That’s a comprehensive briefing which outlines all the issues that people should be aware of. I’m satisfied that the measures at the airports where outbreaks have been identified are working, and are working well.”

Mr Walsh also defended baggage handling company Swissport, which has been criticised over problems at Gatwick Airport.

Some passengers have faced long delays collecting their bags, with some told to go home without them.

He said: “I think Swissport is a good company – they provide us with services around the world … To be fair to them, it’s not all their fault because Gatwick was affected by some adverse weather which meant schedules were running well off plan and aircraft were arriving at a time where they did not have resources in place.

“I apologise to any of our customers who’ve been affected by the services provided to us by Swissport. But … all the handling agencies at Gatwick are working to ensure all that all of us customers, and customers of other airlines,  can get away on their holidays.”

BA Owner Reveals Half Year Profits Of £182m