British Airways-owner IAG and Air France-KLM reported bumper summer bookings as travelers pressed ahead with holiday plans despite a cost-of-living crisis
on Friday reported bumper summer bookings as travellers pressed ahead with holiday plans despite a cost-of-living crisis.
Its positive outlook is in line with other major European airlines. Lufthansa, easyJet and Ryanair have all pointed to robust summer bookings, showing consumers prioritising travel spend despite high inflation and an uncertain economic outlook.better-than-expected first-quarter revenue and said it was seeing strong summer ticket sales too.
The group said it now expected annual profit to come in above the top end of a 1.8-2.3 billion euros range given in February. The top end of that range already represented a jump of as much as 90% on last year's result.
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