IAG is looking for more airlines to join the group
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Civil Aviation Resource Network News on November 15, 2022: According to Simpleflying, Luis Gallego, CEO of British International Airways Group (IAG), said that IAG has just passed a summer of surging demand in the aviation industry, and the time for integration is relatively ripe. Here is an opportunity for the group to grow further.
It is reported that IAG's revenue in the third quarter was 1% higher than that before the epidemic in 2019. It is expected that the profit will be higher than the original forecast, about 1.1 billion euros, and the cash flow will reach 13 billion euros, which means that the group has enough funds to acquire Smaller airlines.