IAG recorded a second-quarter *three months to 30 June) post-tax profit of €133 million on Friday (29 July) after losing nearly €1 billion (€981 million) during the same quarter last year.
The group also posted Q2 operating profit of €293 million, which compares with a loss of €967 million 12 months earlier. It expects operating profit to "improve significantly" in Q3 and to be positive for its 2022 full-year.
Nonetheless, owing to the early year operational challenges relating to Covid-19, IAG made a post-tax first-half loss of €654 million, albeit one significantly reduced from €2 billion a year earlier.
