British Airways and its parent company, International Airlines Group (IAG), achieved record annual profits in 2024, with post-tax profits increasing to €2.73 billion and operating profits up 22% to €4.3 billion. The surge in profits, primarily driven by rebounding passenger numbers and strong transatlantic ticket sales, has affirmed the success of IAG's €7 billion turnaround investment in BA. The airline’s enhanced performance was further validated by a final dividend announcement and a £1 billion share buyback, reflecting their robust financial results and strategic focus on customer experience and growth in key markets.
British Airways and its parent group, IAG, reported record profits in 2024 as booming transatlantic ticket sales and a recovery from the Covid era enhanced operational performance.
IAG's focus on enhancing customer experience was underscored by its significant investment in British Airways, solving previous service issues as it leads on London-US flights.
IAG's financial success is highlighted by their final dividend announcement and the initiation of a £1bn share buyback, reflecting strong operational earnings and shareholder value.
Despite global challenges, IAG's disciplined capital allocation and ongoing transformation program have positioned the group for continued growth and first-choice status for customers.
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