International Airlines Group (IAG) is launching a new transformation program that should improve the efficiency and resilience of all its airlines, result in sustainable operating profits, produce world-class margins, and deliver higher customer satisfaction. IAG will adopt the successful transformation strategy of Iberia, which resulted in a drastic improvement in results in the past decade, IAG said on Tuesday during its Capital Markets Day in London.
IAG, which includes British Airways, Iberia, Aer Lingus, Vueling, and LEVEL, has recovered strongly from the pandemic. It produced a €1.745 billion operating profit before exceptional items in the third quarter with a 20.2 percent operating margin. The 9M operating profit was €3.005 billion, with an operating margin of 13.5 percent. It has a strong balance sheet with a net debt/EBITDA ratio of 1.4 times.
We use cookies to optimize our website and our service.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
