{"id":148548,"date":"2024-02-29T14:30:57","date_gmt":"2024-02-29T14:30:57","guid":{"rendered":"https:\/?p=148548"},"modified":"2024-02-29T21:36:14","modified_gmt":"2024-02-29T21:36:14","slug":"iag-says-2023-net-profit-soars-sixfold","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2024\/02\/iag-says-2023-net-profit-soars-sixfold.html","title":{"rendered":"IAG says 2023 net profit soars sixfold"},"content":{"rendered":"\n<p>Airline group <strong>IAG<\/strong>, parent company of British Airways, Iberia, Vueling, Aer Lingus and LEVEL, announced Thursday that it would increase its annual profit sixfold in 2023 to 2.7 billion euros ($2.9 billion), driven by strong travel growth.<\/p>\n\n\n\n<p>Net profit in 2023 increased sixfold from 431 million euros ($466 million) in 2022, the group said in a statement.<\/p>\n\n\n\n<p>In 2023, IAG &#8220;doubled its margin and operating profit compared to 2022&#8221; and the conglomerate regained &#8220;capacity close to pre-Covid-19 pandemic levels in most of its major markets,&#8221; said its CEO, Luis Gallego.<\/p>\n\n\n\n<p>Group revenues grew by almost 28% to EUR 29.5 billion (USD 32 billion).<\/p>\n\n\n\n<p><strong><em>\u2192 <a href=\"https:\/en\/2024\/01\/iberia-incorporates-unionpay-card-as-payment-method.html\">Iberia incorporates UnionPay card as payment method<\/a><\/em><\/strong><\/p>\n\n\n\n<p>The company posted an operating profit of \u20ac3.5 billion (US$3.8 billion), up from \u20ac1.3 billion (US$1.4 billion) the previous year.<\/p>\n\n\n\n<p>IAG regained passenger capacity of 95.7% above 2019 (pre-pandemic) levels last year, up nearly 23%, and hired 13,000 people.<\/p>\n\n\n\n<p>The group announced in February 2023 the acquisition of Air Europa for 500 million euros (US$541 million), making a project it had been pursuing for years to strengthen its links with Latin America and make Madrid one of the main European hubs a reality.<\/p>\n\n\n\n<p>IAG says that &#8220;demand remains solid,&#8221; especially for leisure travel in 2024. Seats are &#8220;92% booked&#8221; for the first quarter, it said.<\/p>\n\n\n\n<p>With information from AFP<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"related-topics\">Related Topics<\/h2>\n\n\n\n\t\t\t<div class=\"wp-block-uagb-post-grid uagb-post-grid  uagb-post__image-position-top uagb-post__image-enabled uagb-block-d40f09ce     uagb-post__items uagb-post__columns-2 is-grid uagb-post__columns-tablet-2 uagb-post__columns-mobile-1 uagb-post__equal-height\" data-total=\"473\" style=\"\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<article class=\"uagb-post__inner-wrap\">\t\t\t\t\t\t\t\t<div class='uagb-post__image'>\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/aviacionaldia.com\/en\/2026\/05\/breeze-airways-expands-caribbean-network-and-solidifies-presence-in-atlantic-city-with-new-direct-routes.html\" target=\"_self\" rel=\"bookmark noopener noreferrer\" class='uagb-image-ratio-inherit'><img decoding=\"async\" width=\"800\" height=\"400\" 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noreferrer\">Alaska Airlines Formalizes Adoption of Boeing\u2019s Virtual Airplane Training Platform<\/a>\n\t\t\t<\/h4>\n\t\t\t\t\t\t<div class='uagb-post__text uagb-post-grid-byline'>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"uagb-post__text uagb-post__cta wp-block-button\">\n\t\t\t\t<a class=\"wp-block-button__link uagb-text-link\" style=\"\" href=\"https:\/\/aviacionaldia.com\/en\/2026\/05\/alaska-airlines-formalizes-adoption-of-boeings-virtual-airplane-training-platform.html\" target=\"_self\" rel=\"bookmark noopener noreferrer\">Read More<\/a>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t","protected":false},"excerpt":{"rendered":"Airline group IAG, parent company of British Airways, Iberia, Vueling, Aer Lingus and LEVEL, announced Thursday that it&hellip;\n","protected":false},"author":4316,"featured_media":99872,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[1],"tags":[230,286,269,410,268],"class_list":{"0":"post-148548","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-airlines","8":"tag-airline","9":"tag-british-airways-2","10":"tag-europe","11":"tag-iag-2","12":"tag-iberia"},"uagb_featured_image_src":{"full":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Aerolineas-IAG.jpg",800,400,false],"thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Aerolineas-IAG-150x150.jpg",150,150,true],"medium":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Aerolineas-IAG-300x150.jpg",300,150,true],"medium_large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Aerolineas-IAG-768x384.jpg",768,384,true],"large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Aerolineas-IAG.jpg",800,400,false],"1536x1536":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Aerolineas-IAG.jpg",800,400,false],"2048x2048":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Aerolineas-IAG.jpg",800,400,false],"pk-small":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Aerolineas-IAG-80x80.jpg",80,80,true],"pk-thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Aerolineas-IAG-300x225.jpg",300,225,true],"csco-small":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Aerolineas-IAG-80x80.jpg",80,80,true],"csco-intermediate":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Aerolineas-IAG-200x140.jpg",200,140,true],"csco-thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Aerolineas-IAG-380x220.jpg",380,220,true],"csco-thumbnail-alternative":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Aerolineas-IAG-300x180.jpg",300,180,true],"csco-thumbnail-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Aerolineas-IAG-380x190.jpg",380,190,true],"csco-medium":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Aerolineas-IAG.jpg",800,400,false],"csco-medium-alternative":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Aerolineas-IAG-560x336.jpg",560,336,true],"csco-medium-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Aerolineas-IAG.jpg",800,400,false],"csco-large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Aerolineas-IAG.jpg",800,400,false],"csco-large-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Aerolineas-IAG.jpg",800,400,false],"csco-extra-large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Aerolineas-IAG.jpg",800,400,false]},"uagb_author_info":{"display_name":"Redacci\u00f3n - Aviaci\u00f3n al D\u00eda","author_link":"https:\/\/aviacionaldia.com\/en\/author\/aad"},"uagb_comment_info":0,"uagb_excerpt":"Airline group IAG, parent company of British Airways, Iberia, Vueling, Aer Lingus and LEVEL, announced Thursday that it&hellip;","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/148548","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/users\/4316"}],"replies":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/comments?post=148548"}],"version-history":[{"count":1,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/148548\/revisions"}],"predecessor-version":[{"id":148549,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/148548\/revisions\/148549"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/media\/99872"}],"wp:attachment":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/media?parent=148548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/categories?post=148548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/tags?post=148548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}