British Airways Owner Soars As Demand for Air Travel Boosts IAG Profits
Shares of British Airways’ owner IAG climbed as much as 5% after surpassing profit expectations. Adjusted operating profit rose 27% to 4.4 billion euros last year, beating analyst forecasts. The…
Airline profits lag even as travel demand breaks records
Passengers pass through O’Hare airport in Chicago, July 3, 2024. Scott Olson | Getty Images Record summer air travel demand isn’t translating to record U.S. airline profits. Carriers will have…