IAG, the company that owns British Airways, Aer Lingus, and Iberia and Vueling of Spain, says it saw a “strong recovery” during 2022.
BA’s parent company turned a 2021 operating loss of €2.8bn (£2.5bn) into an operating profit of €1.3bn (£1.1bn) last year.
The conglomerate predicts profits for 2023 in the range of €1.8bn-€2.3bn (£1.6bn-£2bn) – though it warns: “This assumes no further setbacks related to Covid-19 or material impacts from geopolitical developments.”
