British Airways posted a 28 per cent rise in quarterly operating profit today to beat analysts' forecasts.
Earnings before interest and taxes for the three months to end-June rose to £263 million, BA said.
But the carrier warned a weak dollar and soaring fuel prices would slow full-year revenue growth and raise costs.
BA said its operating margin rose to 12 per cent versus 9.2 per cent in the same period a year earlier. It reiterated a target of 10 per cent for the full year. Profit before tax rose to £289 million from 191 million.
BA softened its revenue growth guidance by 1 percentage point to around 4 per cent, citing the continued weakness of the US dollar.
Europe's third-largest airline also said a consortium it belongs to that includes US private equity firm TPG was working on due diligence of Spanish airline Iberia.
