{
  "id": 18469533,
  "title": "British Airways parent says profit drops on higher fuel costs",
  "url": "https://urgent.news/2026/11/06/british-airways-parent-says-profit-drops-on-higher-fuel-costs",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-06T08:03:59.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today-freemalays",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/11/06/british-airways-parent-says-profit-drops-on-higher-fuel-costs"
  },
  "original_language": "en",
  "account": "IAG, the parent company of British Airways and Iberia, reported a 12% drop in net profit for the third quarter due to soaring fuel costs and flight disruptions. The company's profit after tax fell to €1.23 billion in the July-September period, compared to €1.4 billion in the same period last year. IAG attributed the decline to higher jet fuel prices, which surged more than 30% in the quarter, and lower flight capacity. The Middle East conflict and engine issues also contributed to cancellations and disruptions. Despite these challenges, IAG CEO Luis Gallego stated that the company delivered a resilient quarter. IAG's overall flight capacity was affected by cancellations due to the conflict, aircraft availability issues, and air traffic control disruptions. The company's other brands include Irish airline Aer Lingus and Spanish carrier Vueling.",
  "summary": "Profit after tax fell to €1.23 billion in the July-September period compared with €1.4 billion for the third quarter of 2025.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "City AM",
        "title": "Soaring fuel costs hit profit at British Airways owner IAG",
        "url": "https://urgent.news/2026/11/06/soaring-fuel-costs-hit-profit-at-british-airways-owner-iag",
        "published": "2026-11-06T08:18:45.000Z"
      },
      {
        "outlet": "The Peninsula Qatar Business",
        "title": "British Airways parent profit drops on higher fuel costs",
        "url": "https://urgent.news/2026/11/06/british-airways-parent-profit-drops-on-higher-fuel-costs",
        "published": "2026-11-06T11:22:17.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}