IAG reports strong Q1 revenue and profit growth
Revenue grew 1.9%, profit rose 77% to €351 million. They manage uncertainty by redeploying capacity and expect €2 billion higher fuel costs but assure full summer schedules.
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Multinational airline holding company
iairgroup.comLast updated
In short: IAG reported a 77.3% jump in Q1 operating profit to €351 million but lowered its annual outlook due to surging jet fuel costs and Middle East unrest.
Revenue grew 1.9%, profit rose 77% to €351 million. They manage uncertainty by redeploying capacity and expect €2 billion higher fuel costs but assure full summer schedules.
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