British Airways owner IAG and Air France-KLM have said they expect a surge in summer bookings as the post-pandemic travel boom gathers pace.
IAG, which also owns Iberia, Aer Lingus and Vueling, on Friday raised its annual profit forecast, helped by consumers’ willingness to stomach higher ticket prices, as well as a drop in fuel costs across the sector.
The volume of wealthier passengers taking business class to Paris is buoying demand, according to Air France-KLM, which said that it had repaid all of the state aid it received during the pandemic.
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