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News to Know
IAG Reports 22% Profit Uptick as Business Travel Continues Gradual Recovery
(SOURCE: BTN EUROPE)
The International Airlines Group (IAG) posted a 22 per cent increase in operating profit to €4.3 billion for 2024, with a slight uptick in business travel volumes.
The parent company of British Airways, Iberia, Aer Lingus, LEVEL and Vueling recorded total full-year revenues of €32 billion, up 9 per cent year-on-year.
Passenger revenue increased 9.5 per cent to €28.3 billion, largely driven by the group’s premium leisure segment and increased capacity for the North Atlantic region – described as “one of the group’s core profit pools”.
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