BA owner raises profit forecast as travel demand rebounds

IAG says British Airways is benefiting from the strong demand for leisure travel on long- and short-haul routes. Photograph: John Tlumacki/AP

The owner of British Airways has upgraded its full-year profit expectations thanks to strong demand for holiday travel, as the airline group said it expected to fly almost the same number of passengers this year as it did before the coronavirus pandemic.

International Airlines Group (IAG) reported a first-quarter profit for the first time since 2019, before the travel industry was plunged into chaos by Covid lockdowns. It made an operating profit of €9m (£7.9m) in the first three months of the year.