International Consolidated Airlines (IAG) – the parent company of Iberia, British Airways, and Aer Lingus – is poised to benefit from the increasing demand for summer travel, as observed by travel company TUI’s bumper summer holiday bookings. IAG has already returned to profit in February, thanks to the lifting of Covid-related travel restrictions. It made a pre-tax profit of €415m for the full year compared to a €3.5bn loss in the same period in 2021. IAG is expecting its profits to return to healthy numbers further in 2023. IAG recently purchased Air Europa and plans to use it as a means of making Madrid a hub and connecting Latin America. Additionally, the airline has been making robust forward bookings, which have been commended by the CEO, Luiz Gallego. Deutsche Bank upgraded their rating on IAG’s shares from hold to buy, with analysts predicting that the airline’s profits will recover earlier than expected in 2022, leading to a potential increase in share prices up to 200p from 149.15p. However, the ongoing war in Ukraine and cost price inflation are still concerns.