BA parent company IAG suffers 35% drop in profits after fuel cost hit

British Airways’ parent company International Airlines Group (IAG) has revealed a 35% slump in profits because of soaring fuel costs (Yui Mok/PA) - (PA Wire)

British Airways’ parent company International Airlines Group (IAG) has revealed a 35% slump in profits because of soaring fuel costs.

The group reported profits after tax tumbling to 732 million euro (£627 million) in the three months to the end of June, from 1.1 billion euro (£940 million) a year earlier.