International Airlines Group, the owner of British Airways, has returned to profit for the first time since the start of the pandemic and sealed a deal to buy a Spanish rival, becoming the latest airline group to benefit from a resurgence in demand.
IAG on Friday put two years and €10bn of losses behind it as the group reported an operating profit of €1.3bn for 2022, following a €2.8bn loss in 2021.
The Spanish company, which is also home to carriers including Iberia and Aer Lingus, forecast that profits this year will climb to between €1.8bn and €2.3bn.
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