International Airlines Group (IAG), matrix Iberia, Vueling D british airways, is back on the profit path as a result of improved air travel. Panel chaired by a Spaniard Louis Gallego Between April and June, the company made a profit of 293 million euros, compared to a loss of 967 million euros for the same period in 2021.

In contrast, the balance between January and June shows a loss of 654 million euros, a third of the losses in the same period in 2021. According to the information sent this Friday in National Stock Market Commission (CNMV), the company notes a “strong recovery in demand across all airlines” in the second quarter of the year.

Compared to the first months of 2022, it improves both capacity and occupancy, as well as revenue per passenger. In total, for the half year, revenue reached 9,351 million euros, which is four times more than in the same period in 2021.

If in the first quarter the capacity of passenger traffic was 65% compared to 2019, then in the second it increased to 78%. A special impetus was given by the key regions of the IAG short European radius (with a capacity of 89% compared to 2019), North America (84%) and Latin America and caribbean (81%).

From my side, net debt as of June 30, it was reduced by 688 million euros to 10,979 million euros. The Group highlights its solid liquidity position, which increased from 11,986 million in December 2021 to 13,489 million.

“The premium leisure segment remains strong while business travel continues to recover steadily across all airlines,” Gallego explained. According to the group president, Iberia and Vueling were the best performing airlines in holding company.

In this sense, the domestic market in Spain and routes to Latin America They led the recovery, with demand surpassing 2019 levels in June.