Fresh from announcing its planned full acquisition of Air Europa, International Airlines Group (IAG) reported a €1.25bn operating profit in 2022, leaving it with €431 million after tax. The group, which counts Aer Lingus, British Airways and Iberia among its carriers, said the result was a “significant improvement” of almost €4.2bn on a loss-making 2021. The group said it was back to 87% of 2019 pre-Covid capacity with passenger unit revenue up 11% on that year as ticket prices were increased on the back of 30% higher fuel costs and 24% higher non-fuel costs. What the group described as “adverse

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In