Companies

Aer Lingus owner IAG raises full-year outlook after surprise profit and travel rebound

The company now expects operating profit to exceed the upper end of its previous guidance, which called for a range of €1.8 billion to €2.3 billion

“We are seeing healthy forward bookings with leisure demand particularly strong while business travel continues to recover more slowly,” Chief Executive Officer Luis Gallego said in the statement. Picture: Arthur Ellis

Aer Lingus and British Airways owner IAG SA raised its full-year earnings outlook after reporting a surprise profit in the typically weak first quarter, highlighting how the airline industry has rapidly bounced back from the depths of the pandemic slump.

The company now expects operating profit to exceed the upper end of its previous guidance, which called for a range of €1.8 billion to €2.3 billion, London-based IAG said on Friday. IAG also said its ...