"We are focused on continuing to make our brands the first choice for customers by growing our network and enhancing the customer proposition while our disciplined capital allocation ensures we can continue to invest in the business, deliver strong financial results and create sustainable value for our shareholders," Gallego said.
IAG's strategic initiatives are strengthening its market-leading network, brands and operations, including:
- Improving operational efficiency with a 12.3 percentage point gain in On- Time Performance (OTP) at British Airways and 6.9 points at Aer Lingus.
- Iberia and Vueling remain two of the world's most punctual airlines.
- €1.42 billion ($1.48b) operating profit before exceptional items achieved by IAG's Spanish businesses.
The British Airways contribution
British Airways is undergoing a £7 billion ($8.9b) transformation program, which in 2024 contributed to an operating profit of £2.05 billion ($2.6b) and a 14.25% margin. The airline is continuing to place its resources where they produce "the highest returns," which is in the North American market.
The full-service carrier is still recovering to its previous capacity levels, particularly in premium cabins, reflecting its premium offering and affluent customer base that will support higher profitability in future years.
As with most airlines, British Airways (BA) faces delivery delays with new aircraft and engine maintenance issues that are now negatively impacting its growth plans for the next three years.
Specifically, these engine issues refer to Rolls-Royce Trent engines fitted on Boeing 787 Dreamliners within their fleet; this unavailability has heavily affected both their 2024 and anticipated schedules into early-2025—as seen similarly impacting Air New Zealand & Japan's All Nippon Airways too.
A fleet experienced in opening new routes
Accordingly ch-aviation data reveals British Airways possesses forty-one ( B41 ) Boeing Dreamliner aircrafts—with six currently out-of-service—including: twelve B787–8’s; eighteen B787–9’s; eleven B787–10’s—with three/two/one being non-operational respectively—and seven additional orders placed switching over more reliable GEnx powerplants instead across six upcoming deliveries slated!
The listing shows BA has a total fleet size standing tall around two-hundred- ninety-four active/inactive planes comprising twenty-seven Airbus A319–100 / sixty-four A320–200 / twenty-seven A320neo / eleven A321–200 / fifteen A321neo/ eighteen A350–1000/twelve double-decker jumbo jetliners-Airbus380 alongside; forty-three long haul twinjet-Boeing777−200ER/sixteen extended range variants- Boeings777−300ER plus twenty regional jets-EmbraerE190 leased via subsidiary- BACityFlyer too amongst others!
Despite these aircraft availability challenges faced head-on strategically; British Airways managed strengthening foothold significantly throughout North- American markets during past year emerging leader flying across Atlantic Ocean connecting London directly serving primarily point-to-point high value routes! Markedly focusing intently targeting lucrative segments-premium class travel; come end-year projections indicate being sole provider offering first-class- cabin services transatlantic flights departing UK shores heading westwards US- bound destinations onwards!
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