British Airways owner announces record profits for first half of 2023

Coronavirus | The Guardian

IAG expects flight capacity to recover to pre-pandemic levels by the end of the year, with fares up almost 10%International Airlines Group has announced record profits for the first half of 2023, with air fares up almost 10% on last year.The British Airways owner said it expected its flight capacity across the group to recover to pre-pandemic levels by the end of the year, with booming demand pushing it to a half-yearly operating profit of €1.3bn (£1.1bn) from losses of €446m (£383m) for the first six months of 2022. Continue reading…
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28/07/2023 – 15:05 /Gwyn Topham Transport correspondent
Twitter: @hoffeldtcom

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