IAG, owner of British Airways and Spanish carrier Iberia, said Friday its net profit had dipped in the third quarter on a softer US market and European competition.
Profit after tax eased 2.3 per cent to 1.4 billion euros ($1.6 billion) compared with the July-September period last year, the group said in a statement.
鈥極verall it was a good performance, on top of a record third quarter in 2024,鈥� IAG said.
鈥楢s expected the North Atlantic market saw some softness,鈥� noted IAG, adding that earnings were impacted also by increased competition forcing it to lower European airfares.
Total revenue was flat at 9.3 billion euros.