It is the first time since the pandemic put an almost immediate stop to international travel that the owner of British Airways has recorded a profit.
British Airways’ owner IAG back in profit for first time since start of pandemic
British Airways’ owner International Consolidated Airlines Group (IAG) has returned to profit for the first time since the start of the coronavirus pandemic.
The group said it made an operating profit of 293 million euros (US$300 mln) between April and June, compared with a 967 million euro loss during the same period last year.
IAG chief executive Luis Gallego said: "In the second quarter we returned to profit for the first time since the start of the pandemic following a strong recovery in demand across all our airlines
"This result supports our outlook for a full-year operating profit.