BA owner raises profit forecasts as airline revenues return to pre-Covid levels

IAG says leisure holidays main driver of resurgence while business travel continues to recover

Airline revenues at British Airways’ owner have returned to pre-Covid levels, the group has announced, as it increased its profit forecasts despite a summer of disruption.

Higher fares drove IAG’s revenues for the last quarter above €7.3bn, despite the cap on flying imposed at its main base, London Heathrow airport, and the continued closure of key routes to Asia.

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​IAG says leisure holidays main driver of resurgence while business travel continues to recoverAirline revenues at British Airways’ owner have returned to pre-Covid levels, the group has announced, as it increased its profit forecasts despite a summer of disruption.Higher fares drove IAG’s revenues for the last quarter above €7.3bn, despite the cap on flying imposed at its main base, London Heathrow airport, and the continued closure of key routes to Asia. Continue reading…