The Spanish-British holding company IAG reports losses after taxes of 4 million euros in the first quarter of the year, compared to the 87 million it had left in the same period of 2023, thanks to the recovery of air traffic, which appears resilient in the period with less activity of the year. As a result of this, the parent group of airlines such as Vueling or Iberia has earned 6,429 million compared to the 5,889 million it invoiced in the same quarter of the previous year.
After releasing its accounts, the group’s CEO, Luis Gallego, wanted to highlight the “improvements in both revenue and operating profit.” “Our group benefits from the strength of our core North Atlantic, South Atlantic and intra-European markets, as well as the performance of our brands. Investment in transformation across the Group is delivering encouraging improvements in punctuality and customer experience. in our airlines In addition, IAG Loyalty (a division that offers services to IAG airlines and B2 clients) continues to obtain very good results, Gallego stated, before ensuring that they are “well positioned for the summer” and highlighting that “the “Strong travel demand continues to be a sustained trend.”
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