I am not sure if you have been on a British Airways or an Air Lingus or an Iberia flight recently, but if you have, I reckon you would have found it a bit busier than last year or the year before. And - especially when you mix it with the lower fuel bills and slightly less general travel sector angst - you will not be particularly surprised to see IAG’s (IAG) first quarter numbers showed it to be profitable for the first time since the pre-Covid world of 2019. And they pushed up their hopes for full year profitability too. So is it time to pile into the shares then?
Did you read the Q4/FY22 numbers from International Consolidated Airlines Group (IAG) this morning? The company, which includes British Airways within its key brands, is back to profit in recent months and even hopes to make nearly a couple of billion euros profit this year. However, despite the improving post-Covid world for the airline group, its shares are down this morning. It is always “good fun” investing in the airline sector.
International Consolidated Airlines Group (IAG) has been on a steady upwards trajectory ever since taking a big hit to its share price when the UK voted in favour of Brexit last June, but that rise looks like it is about to hit a brick wall following last week’s debacle involving British Airways.