IAG Surpasses Q1 Forecasts with Strong Travel Demand, Eyes Summer Growth

May 10, 2024, 07:20 AM

International Airlines Group (IAG), the parent company of British Airways, reported strong first-quarter earnings for 2024, surpassing expectations in several key metrics. The company recorded 26.36 million passengers, higher than the expected 25.96 million, and posted revenues of EUR 6.43 billion, exceeding forecasts of EUR 6.38 billion. Adjusted operating profit for the quarter was EUR 68 million, well above the anticipated EUR 49.5 million. This performance is attributed to robust demand for travel. IAG is optimistic about maintaining this momentum into the peak summer travel season, anticipating continued high demand.