British Airways Parent Reports Rising Profit Amid Pilot Feud
- U.K. group’s shares jump 4.7% after earnings beat estimates
- Company lost court action seeking to block walkouts this week
A passenger aircraft operated by British Airways lands at London Heathrow Airport.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
A pilot strike at British Airways is emerging as the biggest threat to earnings at parent IAG SA as lucrative long-haul destinations help insulate the group from the impact of falling prices on European routes.
IAG rose as much as 4.7% after reporting an 18% jump in profit led by results at the former U.K. flag carrier. The performance was the best among Europe’s top airlines for the June quarter, but is in jeopardy from walkouts that could begin later this month at the height of Europe’s summer travel season.