All the airlines owned by International Airlines Consolidated Group will end this year with a profit, CEO Luis Gallego has said.
IAG, which owns British Airways, Iberia, Vueling and Aer Lingus, among others, had said previously it expected to return to an overall profit after a two-year crisis caused by the COVID-19 pandemic, without elaborating on individual airlines.
"We foresee all the airlines of the group to make profits again this year," Gallego told an event in Madrid organised by El Economista newspaper.
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After the airline industry was brought to its knees in 2020 and 2021 by pandemic travel restrictions, this year has seen a strong recovery in travel, pushing many airlines into the black.
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