IAG Posts Narrower Operating Loss In Q1; Sees Profitable Operating Result From Q2

International Consolidated Airlines Group (IAG.L, BAIRY.PK, BAY.L) said the Group's operating loss reduced significantly in the first quarter compared to last year, with losses reflecting normal seasonality, the impact of Omicron and costs associated with ramping up operations. Passenger capacity in first quarter was 65% of 2019 capacity, up from 58% in fourth quarter. The Group expects to achieve 80% of 2019 capacity in the second quarter and 85% in the third quarter. IAG also expects its operating result to be profitable from second quarter, leading both operating profit and net cash flows from operating activities to be positive for the year.

Source: RTTNews

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