IAG financial year results

International Airlines Group (IAG) has unveiled its strong financial results for 2023, showcasing a significant increase in operating profit before exceptional items to €3,507 million.

This marks a notable improvement compared to the previous year and surpasses figures from 2019. The operating margin stood at 11.9%, reflecting the success of transformation programs.

Within IAG, British Airways reported a pre-exceptional operating profit of £1.4 billion, demonstrating a competitive 10% operating margin and a recovery in travel demand.

Looking ahead, IAG remains optimistic about 2024, with robust demand in leisure travel and plans to grow capacity by approximately 7%. CEO Luis Gallego expressed confidence in the company's strategy to drive long-term value and sustainable growth.