The owner of British Airways expects to return to profit this quarter as the travel industry recovers from the worst impact of the coronavirus pandemic and airlines rush to scale up operations to meet demand for flying.
International Airlines Group, the owner of carriers including British Airways, Aer Lingus and Iberia, on Friday welcomed the “strong” return of business travel, which has hit its highest levels since the start of the pandemic. There was “no noticeable impact” from the war in Ukraine on bookings, it said.
The company said it expected to report an operating profit in the second quarter and for the full year, which would put two years and more than €10bn of losses behind it.
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