British Airways Owner IAG Reports Record Annual Profits Amid Travel Rebound
International Airlines Group (IAG), the parent company of British Airways and Iberia, has announced record annual profits. The group posted pre-tax profits of €3.5 billion (£3 billion), marking a significant recovery from its pandemic-era losses. This strong financial performance was driven by a powerful rebound in travel demand, with IAG carrying 115.5 million passengers in 2023, a 22% increase from the previous year. The company's CEO expressed confidence for the year ahead, citing sustained demand for leisure travel. IAG is also finalizing its acquisition of Spanish carrier Air Europa.
Official Source: https://www.bbc.com/news/articles/cdep64555wzo?at_medium=RSS&at_campaign=rss
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