British Airways owner IAG, Air France-KLM post bumper profits
Europe's aviation industry extended a bounceback from the Covid pandemic on Thursday, as British Airways owner IAG and Franco-Dutch rival Air France-KLM posted bumper 2023 profits."Europe's aviation sector is enjoying blue skies and at the moment the outlook for 2024 appears relatively cloud free," she told AFP. Covid caused Air France-KLM to lose a cumulative 10.4 billion euros in 2020 and 2021, forcing the group to carry out two recapitalisations and request help from the French and Dutch gove