The group that integrates Iberia or British Airways triples its revenues and achieves a profit of 431 million in 2022
Intense hours at IAG (International Airlines Group), the group that includes the airlines Iberia, Vueling and British Airways. The company has just announced that after two years of losses due to the pandemic, it will return to profit in 2022, just hours after the boards of directors of IAG and Globalia (Air Europa) signed the agreement to acquire the Hidalgo . family business for 500 million euros.
Specifically, IAG tripled its turnover in 2022, to 23,000 million euros, which meant a net profit of 431 million, as reported this Friday to the National Securities Market Commission (CNMV). Group CEO Luis Gallego said in a statement that 2022 has been a year of “solid recovery, driven by continued holiday demand and the reopening of markets”.
Source: La Verdad
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
