LONDON, Nov 11 (Bernama-PA Media/dpa) -- The owner of British Airways has revealed a sharp drop in quarterly earnings on surging fuel prices due to the Iran war and warned its annual fuel bill is set to jump to nearly €9 billion (US$10 million), reported PA Media/dpa.
British Airways Owner Sees Profits Hit By Soaring Jet Fuel Costs
British Airways Owner Sees Profits Hit By Soaring
BE Bernama 
Key takeaways
IAG reports a drop in quarterly profits due to rising fuel costs and flight disruptions.
- IAG's pre-tax profits fell 12.9% to €1.63 billion in Q3.
- Fuel costs rose 30.4% to €1.73 billion in the three months to Sept 30.
- IAG expects annual fuel costs to reach €8.9 billion.
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Related reporting
2 stories on this topic from 2 sources, oldest first.
- Free Malaysia Today British Airways parent says profit drops on higher fuel costs
- Bernama British Airways Owner Sees Profits Hit By Soaring Jet Fuel Costs (this story)
