Like Air France-KLM, International Airlines Group (IAG) can look back on a strong Q3 and has produced even better results than the French-Dutch airline combination. All of IAG’s airlines except Vueling reported double-digit revenue growth, with British Airways finally catching up to meet the results of its Spanish sister airline Iberia. At 26.2 percent, Vueling produced the highest operating margin of all IAG airlines.
IAG ended Q3 with a €1.230 billion net profit, up 44.2 percent from €853 million in the same quarter of 2022. Total revenues grew 18 percent to €8.646 billion from €7.329 billion. Passenger revenues from 33.3 million passengers were up by 20.5 percent to €7.733 billion from €6.416 billion.
Active as a journalist since 1987, with a background in newspapers, magazines, and a regional news station, Richard has been covering commercial aviation on a freelance basis since late 2016.
Richard is contributing to AirInsight since December 2018. He also writes for Airliner World, Aviation News, Piloot & Vliegtuig, and Luchtvaartnieuws Magazine. Twitter: @rschuur_aero.
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