BA owner returns to profit as travel bounces back from Covid

IAG makes £1.1bn in 2022 on ‘sustained leisure demand and markets reopening’

British Airways’ owner bounced back to a €1.25bn (£1.1bn) profit in 2022 and said the figure could almost double in the year ahead as leisure and business travel recovers further from the coronavirus pandemic.

International Airlines Group (IAG), which ran up losses of almost €11bn through 2020 and 2021 as Covid crippled the aviation industry, said revenues almost tripled to €23bn last year as the lifting of restrictions fuelled a holiday and travel boom.