Transportation
British Airways Owner Says Summer Travel Demand Is Strong
- IAG focused on key markets within Europe and across Atlantic
- Carrier brought down its net debt to €7.4 billion at end of Q1
British Airways passenger jets at Heathrow Airport.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
British Airways owner IAG SA said it was well-placed for a strong summer season, with travel demand remaining robust after profit rose in the first quarter.
The airline group, which also owns Spain’s Iberia, said it was focused on key markets within Europe and across the Atlantic, even as it faces challenges in the rest of the world. Forward bookings in the second quarter were above 80%, while the third quarter was 40% booked, Chief Executive Officer Luis Gallego said on a media call.