IAG Q1 2022 Financial Results
Source: IAG International Consolidated Airlines Group (IAG) presented Group consolidated results for the three months to March 31, 2022. Strong customer demand is expected to drive profitability from quarter 2 onwards Passenger capacity in quarter 1 was 65% of 2019 capacity, up from 58% in quarter 4, 2021, as the Group’s airlines continued to restore capacity in advance of the Summer flying programme The continued easing of government-imposed travel restrictions, particularly in the UK, resulted in improved travel demand, with no noticeable impact from the war in Ukraine Quarter 1 saw strong business travel recovery, with premium leisure remaining strong The impact of Omicron had a negative short-term impact in January and February on the operating result, passenger bookings and cancellations [...]