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ReutersJoanna Plucinska, Shashwat Awasthi

IAG second-quarter profit falls 16% as Middle East conflict and fuel costs pressure demand

British Airways owner IAG reported a 16% year-on-year decline in second-quarter profit, citing higher fuel costs and weaker travel demand linked to the Middle East conflict. The group now expects capacity to remain flat for the year, signaling a more cautious outlook for network growth.

2026-07-31T00:19:18.180310-07:00
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FlightGlobalAlfred Chua

Profitable ANA touts ‘disciplined’ approach as first-quarter earnings dip

By FlightGlobal: Airline also notes the impact of high fuel prices on demand was “far more limited than anticipated”. Japan’s All Nippon Airways remained in the black for the April-June quarter despite taking on a higher fuel bill, as it benefited from strong passenger and cargo demand.

2026-07-31T00:34:03.142634-07:00
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FlightGlobalDavid Kaminski-Morrow

Russian carrier Izhavia grounded after failing to address safety concerns

By FlightGlobal: Violations of maintenance procedures among issues discovered during inspection of Udmurt republic operator. Russian authorities are revoking the air operator’s certificate of Izhavia, three months after inspections turned up maintenance and crew scheduling violations.

2026-07-31T00:05:22.711319-07:00
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Reuters

GKN Aerospace owner Melrose warns of cost hit from plant incident, pauses buyback

By Reuters: GKN Aerospace owner Melrose Industries on Friday said it expects additional costs of £25 ​million to £30 million ($33.6 million to $40.3 million) in ‌the second half of 2026 after an incident at its Garden Grove facility in California in ​May.

2026-07-31T00:19:13.536946-07:00