IAG reveals 9.5% second-quarter revenue increase

International Airlines Group (IAG) has revealed its second quarter revenue increased by 9.5% on the same period last year driven by increased passenger numbers. Second-quarter revenue was €6.8 billion with passenger revenue increasing to €6 billion with a 5.4% increase in available seat kilometres (ASKs). Its load factor stood at 85, up 1 percentage point from 84 experienced in the same period last year. Quarterly underlying operating profit rose 6.7% to €960 million, however, this was offset by increased fuel and aircraft costs driving operating costs up 10%. Overall, IAG, which owns British Airways among other airlines, posted that its