More trips by wealthy passengers as Covid controls eased also improved demand for IAG in first quarter

British Airways’ owner has said that a recovery in business travel and trips by wealthy passengers will drive a return to profitability from the second quarter onwards this year.

International Airlines Group (IAG), which also owns Iberia and Aer Lingus, said that while Omicron had a short-term impact on bookings in January and February, the overall easing of coronavirus-related travel restrictions has improved travel demand in the first quarter, particularly in the UK.

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