IAG's Q3 Earnings: Mixed Results Amidst Travel Demand Slowdown

International Airlines Group (IAG) reported a two percent increase in operating profit for Q3, reaching €2.05 billion, aligning with their forecast. Despite flat total revenue, strong performances in Latin America and Asia Pacific offset weaker North Atlantic and European regions. IAG noted a slowdown in transatlantic travel demand, potentially due to perceived less welcoming policies under President Trump. Passenger load factor decreased across all markets, with a significant drop on North Atlantic routes. However, premium and long-haul routes in South Atlantic and Asia Pacific remained robust, positioning IAG for another year of growth.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.