❗️British Airways parent company reports sharp profit drop as regional hostilities spike jet fuel prices International Airlines Group (IAG), the parent company of British Airways and Iberia, reported a 12 percent drop in third-quarter net profit today, blaming soaring jet fuel prices and widespread flight cancellations driven by the ongoing confrontation across the region. According to an official corporate statement, IAG's profit after tax fell to €1.23 billion ($1.37 billion) for the July-September period, down from €1.40 billion recorded during the same quarter in 2025. The airline conglomerate noted that strong ticket pricing failed to offset steep operational losses, highlighted by a jet fuel bill that surged more than 30 percent during the quarter. The group confirmed that overall passenger capacity took a direct hit from forced flight suspensions across West Asian routes, alongside secondary technical constraints including engine maintenance backlogs and European air traffic control bottlenecks. The earnings drop illustrates how expanding regional military operations and volatile crude markets continue to exact a heavy financial toll on global aviation networks.