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 StoryHave your say Cancel reply
Most Read
TRAINING & COMPETITION
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
Unexpected wave rocks cruise ship
Woman dies after going overboard in English Channel