IAG faces volatile fuel costs and squeezed profits as airlines navigate Middle East tensions; it oversees Iberia, British Airways, Aer Lingus, Vueling and level.
Airlines are grappling with surging jet-fuel costs and geopolitical headwinds that have eroded profits in the second quarter. Wizz Air, El Al and IAG have all reported weaker earnings even as passenger numbers rebound, with fuel bills rising sharply and some carriers warning of a challenging outlook for the rest of the year.