British Airways owner IAG reports a 35% decline in profits following pressure from higher fuel costs. The company says pre-tax profits fall to 732 million euros (about £627 million) for the three months ending 30 June, compared with the prior-year period. Multiple outlets report the same profit figure and the same percentage drop, linking the deterioration to fuel costs. The results cover IAG’s quarterly performance for the period ended in late June and reflect weaker profitability across the group rather than an isolated airline issue. While the reported items focus on the profit decline and fuel-cost impact, the coverage indicates the change is significant relative to the previous year, with the company’s pre-tax earnings substantially lower. Overall reporting is consistent across sources: IAG’s quarterly profits decrease by 35%, reaching 732 million euros, and higher fuel costs are presented as a key driver behind the fall.