Strong Financial Performance
Revenue increased by 7.9%, operating profit increased by 15.4% to just over €2 billion, and operating margin increased by 1.4 percentage points to 21.6%.
Shareholder Returns
Announced a share buyback of €350 million reflecting commitment to delivering sustainable shareholder returns, following a €147 million interim dividend.
Balance Sheet Strength
Net debt decreased by €3 billion versus December 2023 to just over €6 billion, with a net debt-to-EBITDA leverage ratio improved to one time, down 0.7 times from year-end.
British Airways Performance
British Airways saw a significant year-on-year improvement with an increase in operating profit of £251 million and its operating margin increasing by over five percentage points to 20.7%.
Iberia and Vueling Growth
Iberia achieved an operating profit of €454 million with a margin of 21.5%, while Vueling's operating profit reached €252 million with the highest margin among the airlines at 27%.