In a recent trading update covering last year, the company reported an operating profit of €1.2 billion compared with a loss of €2.7 billion in 2021. The increase came after 87% of pre-pandemic capacity was restored.
The group expects the recovery to continue in 2023, with full year operating profit predicted to be in the range of €1.8 to €2.3 billion, based on current foreign exchange rates and expected jet fuel prices.
The strong recovery in demand and traffic was reflected in IAG’s passenger load factor, which reached 81.8% for the year, down just 2.8% on 2019.
