United Kingdom
United States
Asia Pacific
BA owner IAG posts first profit since pandemic
Thursday, 01 Aug, 2022
0
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.
Read Full StoryRelated News Stories:
Ray Monty
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darren Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Tricia Handley-Hughes of Inteletravel announces the location for the TravelQuest 2025 conference
BA pilot dies during layover
Dozens fall ill in P&O Cruises ship outbreak
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Protestors now targeting Amsterdam cruise calls