All IAG’s airlines to post profit this year, CEO Gallego says

All the airlines owned by International Airlines Consolidated Group (ICAG.L) will end this year with a profit, CEO Luis Gallego said on Wednesday.

IAG, which owns British Airways, Iberia, Vueling and Aer Lingus, among others, had said previously it expected to return to an overall profit after a two-year crisis caused by the COVID-19 pandemic, without elaborating on individual airlines.

«We foresee all the airlines of the group to make profits again this year,» Gallego told an event in Madrid organised by El Economista newspaper…

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