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BA owner IAG posts first profit since pandemic
Friday, 01 Aug, 2022
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British Airways owner IAG is back in the black. BA contributed a €54m operating profit as IAG made €293m in the April to June quarter.
It is the first profit since the start of the pandemic. IAG says booking volumes remain strong, although the industry is still facing serious challenges.
IAG lost €967m during the same quarter last year.
Capacity, load factor and yield all saw ‘significant increases’ IAG chief executive Luis Gallego, said.
Transatlantic demand continues rise, Gallego said.
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