Skip to content
Monday 10 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
MorningWire

European business, markets and politics

FTSE 100
10,862.50
-0.35%
DAX
26,323.88
+0.02%
CAC 40
8,726.03
+0.13%
STOXX 50
6,535.62
+0.18%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE
Wednesday 21 September 2022 2:03 pm  |  Updated:  Wednesday 21 September 2022 2:12 pm

IAG boss predicts all group airlines will return to profit this year

By: Ilaria Grasso Macola

Add as a preferred source on Google
British Airways owner IAG expects its pre-exceptional operating profit for the third quarter to be around €1.2bn (£1bn) after better than expected trading. 
IAG expects its pre-exceptional operating profit for the third quarter to be around €1.2bn (£1bn) after better than expected trading. 

All of IAG’s subsidiary airlines will post profit this year, according to the group’s chief executive Luis Gallego.

“We foresee all the airlines of the group to make profits again this year,” the chief executive told journalists on Wednesday while refraining from elaborating on specific carriers.

IAG owns British Airways (BA), Iberia and Aer Lingus, among others.

Gallego succeeded Willie Walsh at the airline powerhouse’s helm in September 2020 – at the height of the Covid storm. 

But, following two years plagued by significant pandemic-induced losses, the aviation group returned to black for the first time in July. 

IAG posted a €293m (£245m) operating profit for the period between April and June – up from a €967m loss made during the same time last year. 

Despite a “challenging operational environment at Heathrow,” the group’s passenger capacity between July and October was at 80 per cent of 2019 levels, going up to 85 per cent in the final quarter of the year. 

IAG’s subsidiary BA made the headlines when it cut an additional 10,000 flights as Heathrow extended its daily passenger cap to the end of October. 

The 100,000 daily departing passenger cap was initially introduced in mid-July to help the west London hub cope with travel disruption.

Read more

Airlines clash over Heathrow regulation

Delta Air Lines aircraft at Heathrow Airport with regulatory compliance signage visible on the runway

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Transport & Infrastructure

Related Topics

  • airlines
  • British Airways
  • IAG

Trending Articles

  • Nottingham Forest owner Marinakis sues Crystal Palace for defamation

  • Back to basics: Sainsbury’s gradual retreat from the British high street

  • Thames Water faces fresh threat to survival after pensions regulation breach

  • Hargreaves Lansdown orders staff back to office

  • As it happened: Intel, Arm shares slide; Oil climbs higher

More from Morning Wire

  • Airlines clash over Heathrow regulation

    Aviation
    Delta Air Lines aircraft at Heathrow Airport with regulatory compliance signage visible on the runway
  • Easyjet takes £200m profit hit in Iran war travel chaos

    Transport & Infrastructure
    Ryanair has axed around 170 services while Easyjet said it was cancelling 274 flights because of French air traffic control strikes.
  • Apollo snaps up Easyjet after Castlelake walks away

    Aviation
    EasyJet airplane at airport terminal with passengers boarding, representing airline industry and travel news updates
  • Jet2 handed £400m boost from Iran war jet fuel spike

    Transport & Infrastructure
    Jet2 is listed on the London Stock Exchange's AIM.
  • Ryanair profit tumbles as jet fuel prices soar

    Transport & Infrastructure
    Michael OLeary, Ryanair CEO, addressing media at a press conference, discussing airline updates and future plans
  • Easyjet shares crash on fears of EU probe

    Aviation
    EasyJet aircraft parked at the airport terminal ready for boarding, featuring distinctive orange branding and clear blue sky.
  • Ryanair warns of ‘passport queue chaos’ with new EU border system

    Aviation
    Elon Musk and Ryanair CEO Michael O’Leary face off amid acquisition rumors in a business meeting setting
  • Heathrow boss warns Burnham against Budget raid after hub’s tax bill doubles

    Aviation
    Heathrow CEO Thomas Woldbye in a suit and tie, speaking at an event, warning against a tax raid.
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Business

  • Markets
  • Banking
  • Technology
  • Energy
  • Property
  • Fintech

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook