In a full-year trading update, issued on Thursday (29 February), IAG said demand – particularly for leisure travel – remained robust, with the group more than 90% booked for Q1 and nearly two-thirds booked for the first half of the year – ahead of where it was at the same point 12 months ago.
IAG, which also owns Ireland’s Aer Lingus, Vueling and Iberia, restored 95.7% of 2019 capacity during its 2023 full-year (year to 31 December 2023), with this figure reaching 98.6% in Q4.
However, BA’s rebound – IAG said – has been stymied by a slower rebound in its Asia Pacific region, with full-year capacity at BA reaching only 90.1% of 2019 levels last year.
