British Airways Owner IAG Reports Soaring First-Quarter Profits Amid Strong Travel Demand
International Airlines Group (IAG), the parent company of British Airways and Iberia, has reported a significant surge in profits for the first quarter of the year. The group announced pre-tax profits of €68 million, a dramatic increase from the €9 million reported for the same period last year. This strong financial performance was achieved during what is traditionally a weaker season for air travel. The results are being driven by robust leisure travel demand, with the airline group anticipating a strong summer booking season. IAG's passenger capacity is now close to returning to pre-pandemic levels.
Official Source: https://www.bbc.com/news/articles/c8xw2kjlrlxo?at_medium=RSS&at_campaign=rss
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