During the three months to 31 March 2023, IAG recorded an operating profit before exceptional items of €9 million, up €750 million versus the same period last year, which the company owed to ongoing strong customer demand across all airlines.
The business anticipates the positive momentum will continue into the summer, with around 80% of expected second-quarter revenue already booked. It expects capacity to be around 97% of 2019 levels for the full year.
IAG predicts its full year operating profit before exceptional items to exceed its previous guidance of €1.8 billion to €2.3 billion.
