IAG loses 654 million until June, a third part than a year ago

IAG loses 654 million until June, a third part than a year ago

International Airlines Group (IAG), to which the Spanish Iberia and the British British Ariways belong, between January and June recorded losses of 654 million euros, a third of what it had in the same period of 2021 (2,048 million), as reported by the company this Friday.

In the report sent to the National Securities Market Commission (CNMV), IAG has highlighted that the net debt as of June 30 was reduced by 688 million euros to 10,979 million euros, which reflects the seasonal benefit of the reserves travel in the second half of the year on cash.

In terms of income, they grew by 6,463 million euros, up to 7,604 million, due to the increase in operated capacity and the positive impact of the 28.6 percentage point increase in the passenger load factor and the 22.5% increase in passenger yields (passenger revenue/revenue passenger-kilometre transported).

Melissa Galbraith
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