IAG has announced the nine-month financial results for 2012, which show a strong difference between the performance of BA and Iberia.

The third quarter is BA’s most profitable of the year, and the airline saw revenue growth. However, rising costs are a concern.

BA third quarter financial results 

  • Operating profit £216m*
  • Rising costs a concern
  • Revenue growth
  • Nine-month operating profit £232m*

 IAG third quarter financial results 

 Operating profit €270m*

  • Revenue up 3.7% at a constant currency
  • Fuel costs up 20.9%
  • bmi losses €31m
  • Nine-month operating profit €17m* (Iberia loss €262m*)
  • Non-fuel unit costs up 8.5%* but underlying non-fuel costs down 1%

* before exceptional items