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All IAG's airlines to post profit this year, CEO Gallego says

MADRID (Reuters) - All the airlines owned by International Airlines Consolidated Group will end this year with a profit, CEO Luis Gallego said on Wednesday. IAG (LON:ICAG), which...
All IAG's airlines to post profit this year, CEO Gallego says © Reuters. FILE PHOTO: British Airways aircraft are parked at Gatwick Airport in Crawley, Britain, August 25, 2021. REUTERS/Peter Nicholls
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MADRID (Reuters) - All the airlines owned by International Airlines Consolidated Group will end this year with a profit, CEO Luis Gallego said on Wednesday.

IAG (LON:ICAG), which owns British Airways, Iberia, Vueling and Aer Lingus, among others, had said previously it expected to return to an overall profit after a two-year crisis caused by the COVID-19 pandemic, without elaborating on individual airlines.

"We foresee all the airlines of the group to make profits again this year," Gallego told an event in Madrid organised by El Economista newspaper.

After the airline industry was brought to its knees in 2020 and 2021 by pandemic travel restrictions, this year has seen a strong recovery in travel, pushing many airlines into the black.

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27-09-2022 14:48:56 (UTC+7)

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0.9654

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1.0806

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USD/JPY

144.38

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0.6495

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139.38

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    EUR/USD 0.9654 Sell  
    GBP/USD 1.0806 Neutral  
    USD/JPY 144.38 ↑ Buy  
    AUD/USD 0.6495 ↑ Sell  
    USD/CAD 1.3656 Neutral  
    EUR/JPY 139.38 ↑ Buy  
    EUR/CHF 0.9547 Neutral  
    Gold 1,645.25 Neutral  
    Silver 18.683 ↑ Buy  
    Copper 3.3455 ↑ Buy  
    Crude Oil WTI 78.20 ↑ Buy  
    Brent Oil 84.38 ↑ Buy  
    Natural Gas 7.191 ↑ Buy  
    US Coffee C 222.48 ↑ Sell  
    Euro Stoxx 50 3,388.35 Neutral  
    S&P 500 3,655.04 ↑ Sell  
    DAX 12,384.77 Sell  
    FTSE 100 7,066.65 Buy  
    Hang Seng 17,850.50 ↑ Buy  
    Small Cap 2000 1,664.34 ↑ Buy  
    IBEX 35 7,565.09 Buy  
    BASF 40.413 ↑ Buy  
    Bayer 49.11 Neutral  
    Allianz 166.79 Sell  
    Adidas 130.63 Neutral  
    Lufthansa 5.816 ↑ Buy  
    Siemens AG 100.56 ↑ Buy  
    Deutsche Bank AG 8.531 ↑ Sell  
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Cập nhật lúc 13:49:13 27/09/2022
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