The owner of British Airways will pay a dividend to its shareholders for the first time since the start of the pandemic after enjoying a strong first half of 2024 and amid a bullish outlook for the rest of the year.
Alongside its results, International Consolidated Airlines Group, which also owns Aer Lingus, the Irish carrier, and Iberia and Vueling, of Spain, also announced that it would pay a €50 million termination fee after ending its proposed takeover of Air Europa, another Spanish airline.
The FTSE 100 group, responding to fears that a takeover would reduce competition, had offered concessions to the European Commission in June. European regulators had been poised to block the deal after IAG declined to offer additional remedies to address their