British Airways parent company predicts big profits in 2023
BA operated only 70% of its 2019 schedule last year due to resource shortages
IAG, the company that owns British Airways, Aer Lingus, and Iberia and Vueling of Spain, says it saw a “strong recovery” during 2022.
BA’s parent company turned a 2021 operating loss of €2.8bn (£2.5bn) into an operating profit of €1.3bn (£1.1bn) last year.
The conglomerate predicts profits for 2023 in the range of €1.8bn-€2.3bn (£1.6bn-£2bn) – though it warns: “This assumes no further setbacks related to Covid-19 or material impacts from geopolitical developments.”
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