IAG returns to ‘black numbers’ in 2022 with a revenue of 431 million

One of the Iberia planes

IAG has registered a revenue after taxes of 431 million euros within the monetary yr of 2022, which implies a return to the ‘black numbers’ for the corporate after two years of losses because of the pandemic, as notified this Friday by the group to the National Securities Market Commission (CNMV).

In this yr, revenues virtually tripled, to 23,066 million euros. Of these, 19,458 million got here from ticket income, greater than triple.

Expenses rose 94.4%, to 21,810 million euros. Operating revenue stood at 1,256 million euros in comparison with losses of two,765 million a yr earlier, according to the corporate’s forecasts.

As of December 31, IAG’s internet debt stood at 10,385 million euros, 10% lower than a yr earlier, and complete liquidity reached 13,999 million, 16.7% extra.

The group’s airways transported 94.7 million passengers all year long, greater than double the quantity a yr earlier, and made 619,122 takeoffs.