International aviation on road to recovery

Most of the demand was being led by long-haul bookings. As for IAG profits are expected in 2022

PRAVASISAMWAD.COM

International Airlines Group (IAG) (IAG), the owner of British Airways and Iberia as well as Aer Lingus and Vueling said recently that significant demand for recovery was underway. Most of the demand was being led by long-haul bookings. As for IAG profits are expected in 2022.

IAG, according to reports, pointed out that new bookings for transatlantic travel were close to 100 per cent of 2019 levels. In fact, long-haul bookings were coming faster than short-haul over the winter, the group said, in a report in aerotime.aero.

“We continue to see more and more evidence of built up travel demand when restrictions are lifted.” IAG CEO Luis Gallego said

On its part, British Airways has plans to restore its North Atlantic network by the third quarter of 2022 while Iberia will restore North American routes by the second quarter of 2022. “We continue to see more and more evidence of built up travel demand when restrictions are lifted,” IAG CEO Luis Gallego said on November 5, 2021 after the group reported third quarter results. He said that the US easing of restrictions was “a very important day” for IAG. “Long-haul is not only driven by the US, but winter sun destinations,” Gallego added on a call with analysts, citing strong demand for Latin America.

The CEO said British Airways was working on plans for a new short-haul unit at Gatwick. The airline has reached agreement with pilots but required approval from other employee groups.

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