The company, which also owns Aer Lingus, Iberia and Vueling, said it was continuing to “see resilient demand for air travel across all our markets” for the next few months.
The transatlantic market “continues to be a major area of strength” for IAG, with BA focused on “strengthening its network” to North America, including the addition of extra flights to destinations such as Austin and Washington DC.
IAG recorded a year-on-year increase in revenue of 9.6% to €7 billion in the first quarter, despite the impact of Easter being held in April this year and the closure of Heathrow on 21 March due to a fire at a nearby electricity substation.
Operating profit was also up from €68 million in Q1 of 2024 to €198 million this year thanks to increased revenue and a lower fuel price.
Luis Gallego, IAG’s chief executive, said: “We remain focused on strengthening our broad portfolio of market-leading brands across our core markets of the North Atlantic, Latin America and intra-Europe.
“We continue to see resilient demand for air travel across all our markets, particularly in the premium cabins and despite the macroeconomic uncertainty.”
IAG has also announced a new order for a total of 53 new aircraft from Airbus and Boeing, including 32 new Boeing 787-10 Dreamliners for British Airways with an option to purchase another 10 787s for BA.
The company has ordered 21 Airbus A330-900neo aircraft which will be operated by IAG’s other group airlines, including Aer Lingus and Iberia.
The order will replace 35 existing aircraft with the other 18 being used for growth in IAG’s “core” markets.
“Looking ahead to the next decade, these new aircraft will enable us to strengthen our core markets and further improve our customer experience, while continuing to drive long-term value for our shareholders," added Gallego.
IAG said that while it was “mindful of the geopolitical and macroeconomic uncertainty”, it was not changing its financial outlook for 2025.
“Latin America and Europe continue to be strong and the North Atlantic demand has been robust, with strength in our premium cabin mitigating some recent softness in US point-of-sale economy leisure,” added the company in its Q1 results statement.
