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BA parent IAG confident about summer after swing to £1.1bn profit

Air
Ilaria Grasso Macola
28 July 2023

British Airways parent IAG returned to profit in the first half of the year and us looking ahead to the summer with confidence owing to strong leisure travel demand.

British Airways IAG

British Airways has continued to add capacity on routes to the US

“Customer demand remains strong across the group, particularly for leisure travel, with around 80% of passenger revenue for the third quarter already booked,” said chief executive Luis Gallego on Friday (28 July). 

 

The group, which also owns Iberia, Aer Lingus, Vueling and Level, on Friday reported a half-year profit before exceptional items of €1.3 billion (£1.1 billion) – up from a €446 million loss during the same period last year.