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0.000249687890137338 0.000249687890137338 0.00166458593424888 0.00166458593424888 0.00208073241781107 0.00873907615480647 0.0202247191011235 0.0259675405742821
Stock impact report

Profits jump at British Airways' owner as rivals struggle with Boeing delivery delays [Business Insider]

RTX Corporation (RTX) 
Supply-chain constraints on engines have promoted some routes to be cut this winter. The owner of British Airways posted bumper profits as it reported its third-quarter earnings on Friday that sent its stock higher. International Airlines Group posted an operating profit of 2 billion euros ($2.15 billion) for the three months to September 30, 15% higher than the same period last year. Revenue rose 7.9% to 9.32 billion euros. "This is due to the effectiveness of our strategy and group-wide transformation," said IAG CEO Luis Gallego . "Demand remains strong across our airlines and we expect a good final quarter of 2024 financially." Sean Doyle, the CEO of BA, said in a LinkedIn post that the carrier had "faced a challenging operating environment this summer, driven by air traffic control restrictions, adverse weather and engine supply delays" and thanked customers for their understanding when delays have occurred. "We're already working hard with our industry and government par Show less Read more
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