Profits Can't Mask Trading Concerns at European Airlines | Aviation International News

Profits Can't Mask Trading Concerns at European Airlines

At face value, profits are holding up well at leading European carriers, but multiple concerns, including terrorism, have blighted the outlook.

British Airways parent IAG saw several factors result in falling second quarter revenues. (Photo: Flickr: Creative Commons (BY-SA) by Graham Paul Spicer)

By Charles Alcock • Managing Editor

July 29, 2016

International Airlines Group, parent company of British Airways and Spain-based Iberia, on Friday reported falling revenues during the first six months of 2016. Passenger unit revenues (defined as passenger revenues per available seat kilometer) fell 10.2 percent, to €6.67 ($7.17). At the same time, profitability received a boost from additional income from the recent acquisition of Ireland’s Aer Lingus.

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