That marked a vast improvement on the 419m-euro loss made in the same period a year earlier.
IAG said it had seen an increase in premium travellers.
But it said fuel costs had risen 34.8% to 2.4bn euros in the six-month period and warned that higher fuel prices could hit its full-year earnings.
The company expects its full-year fuel bill to total 5.2bn euros.
BA and Iberia completed their merger in January this year.
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