British Airways has announced a good set of financial results with a profit in Q1 for the first time since 2008

The airline’s priorities for the second quarter remain the same: delivering great service, a punctual operation and keeping up the good work on costs.

IAG reporting a strong improvement both at a group level and with all three airlines.

BA headlines                                                       IAG headlines

 

Operating profit £89m (2014: £4m operating loss) IAG €25m operating profit  (2014: €150m operating loss)

 
Fuel unit costs down 13.1 per cent* Iberia €55m operating loss (2014 €111m operating loss)

 
Passenger unit revenue down 1.2 per cent* Vueling €29m operating loss (€30m operating loss)

 
Underlying non fuel unit costs down 1.4 per cent*

 
Customer recommendation +0.6 above target

 
Punctuality (ready to go) +0.3 above target

 

*excludes Avios and at constant currency