The group on Friday (10 May) revealed a €68 million (£58.5 million) operating profit for the three months to 31 March – a more than seven-fold increase on the same period last year – while turnover grew by 9.2% to €6.4 billion (£5.5 billion).
IAG has pinned this on stronger-than-usual demand for travel after carrying more than 26 million passengers during Q1 at a load factor of 83.1% – up by 1.6 percentage points on the first quarter of 2023. This, said IAG, was fuelled by a 7% increase in capacity across the group’s airlines.
