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Home Tourism News UAE Tourism

British Airways owner IAG back in profit amid resurgence in leisure and business travel

13 years ago
in UAE Tourism
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British Airways’ owner has returned to profit after the resurgence of leisure travel and steady recovery of business trips boosted sales.

The FTSE 100-listed International Consolidated Airlines Group (IAG) reported an operating profit of £1.04 billion ($1.19bn) in the three months to September 30, after it swung to a loss of £390m last year.

The company, which also owns Iberia, took a heavy hit during the coronavirus pandemic and was still loss-making earlier this year.

In the first quarter…

Read further.

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