BA owner raises profit forecast as travel demand rebounds

IAG expects to fly almost the same passenger numbers this year as before Covid pandemic

The owner of British Airways has upgraded its full-year profit expectations thanks to strong demand for holiday travel, as the airline group said it expected to fly almost the same number of passengers this year as it did before the coronavirus pandemic.

International Airlines Group (IAG) reported a first-quarter profit for the first time since 2019, before the travel industry was plunged into chaos by Covid lockdowns. It made an operating profit of 9m (7.9m) in the first three months of the year.