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IAG ‘committed to growing Level’ as group posts €45m Q2 profit boost

Air
James Chapple
3 August 2018

Willie Walsh says IAG is “committed to accelerating Level’s growth” after the group on Thursday (August 3) posted a €45 million spike in Q2 operating profits.

Level Europe has ceased trading

IAG launched Level at Barcelona last June to compete with Norwegian in the low cost long haul market before setting up a short haul base in Austria last month.


Level now has four Airbus A321 based at Vienna and will fly to 14 European destinations, launching a twice-daily Gatwick service on July 17.


It also operates out of Barcelona and Paris: “We are committed to accelerating LEVEL’s growth and its fleet will increase to a total of seven A330-200 aircraft in Paris and Barcelona next year,” said Walsh, IAG chief executive.


IAG’s Q2 operating profits are up €45 million on last year from €790 million to €835 million, said Walsh.