International Airlines Group (IAG) has decided to resume dividend payments for the first time since the COVID-19 pandemic.
The company anticipates strong performance in its key markets: the North Atlantic, Latin America, and within Europe, expecting this trend to continue throughout the fiscal year. Although prices for long-haul routes between Dublin and Asia have softened slightly, they represent a small portion of total capacity.
Operating profit for the period from January to June 2024 amounted to 1.39 billion euros, exceeding the previous year’s same period by 49 million euros. The second quarter’s operating profit was almost at the same level as the previous year, which had recorded the highest ever. A mid-term dividend of 3 cents per share will be paid, marking the resumption of dividends.
Prioritizing customer satisfaction and profit improvement at British Airways, posting 1.5 billion euros in profits from its Spanish operations, and growth in IAG Loyalty are key to achieving the company’s medium-term financial goals.
Additionally, IAG announced the termination of its previously agreed-upon acquisition of Air Europa. The company is also reported to be interested in acquiring TAP Air Portugal.
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