British Airways owner IAG, Air France-KLM post bumper profits

Europe’s aviation industry extended a bounceback from the Covid pandemic on Thursday, as British Airways owner IAG and Franco-Dutch rival Air France-KLM posted bumper 2023 profits.

The sector is now flying at cruising altitude on pent-up demand after emerging from the dark days of Covid, which sparked lockdowns and grounded airlines, sparking thousands of job cuts.