IAG Reports Q1 Losses amid Staffing Woes

DALLAS – International Airlines Group (IAG) reported its shares fell 12.7% in Q1. The group made strong progress in other key categories.

A notable feature of the report was that IAG’s passenger capacity in Q1 2022 increased to 65% of what it was in Q1 2019 prior to the COVID-19 pandemic.

Furthermore, the airline group’s revenues increased to €3.435bn from €968bn the previous year, indicating a major gain. Still, the passenger figures may have disappointed investors, who remained unfazed by the positive data.

IAG’s loss after tax was also reduced from €1.074bn to €787m, a 26.7% improvement. As a result, the read more ⇒

Source:: “Airways Magazine”

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