Despite operating well below capacity, BA owner International Airlines Group (IAG) declared a post-pandemic quarterly profit for the three months to June 30.
The group said it made an operating profit of €293 million ($299m) between April and June, compared with a €967m loss during the same period last year.
IAG chief executive Luis Gallego said business and premium travel had recovered. “In the second quarter we returned to profit for the first time since the start of the pandemic following a strong recovery in demand across all our airlines,” he said.
“This result supports our outlook for a full-year operating profit.
“Our performance reflected a significant increase in capacity, load factor and yield compared to the first quarter.
“Premium leisure remains strong while business travel continues a steady recovery in all airlines.”
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Long queues, cancellations and luggage problems have plagued Heathrow Airport since the travel sector’s comeback from coronavirus restrictions. Bloomberg -
The airport has struggled to cope with a volume of more than 100,000 departing passengers a day, with bags arriving late, queues snaking through terminals and flights being cancelled at the 11th hour. Reuters -
Travelling through Heathrow has been a dire experience for some of late. AP -
Suitcases uncollected at Heathrow's Terminal 3 baggage reclaim. AFP -
There is a shortage of staff after many people were laid off during the pandemic. AP -
Heathrow rejects the accusation of having failed to prepare, saying it started recruiting extra staff last November. AP -
Baggage piles up outside Terminal 2 at Heathrow in June. Baggage issues have bedevilled the airport, with a combination of staff shortages and malfunctioning automated baggage handling systems contributing to the mayhem. Reuters -
One traveller shows his disappointment while waiting in a long queue to pass through a security check in June. Getty Images -
Passengers queue to check in at Terminal 5. Bloomberg -
A queue snakes through the airport. Getty Images -
A waiting passenger decides to get some sleep in Terminal 5. Reuters -
Long queues form through a terminal. PA -
A crowded check in area in Terminal 2 in April. Heathrow rejects the accusation of having failed to prepare, saying it started recruiting months ago. PA -
A dejected looking passenger queues for check-in ahead of the Easter Bank Holiday weekend at Heathrow in April. Reuters -
People queuing to go through security at Heathrow. PA -
Queues at arrivals in Heathrow in March. Photo: Sven Kili / Twitter
IAG said the “challenging operational environment at Heathrow” meant British Airways’ capacity was limited to 69.1 per cent of pre-pandemic levels between April and June.
That is compared with 57.4 per cent during the previous three months.
The airline, which has cancelled tens of thousands of flights this summer, plans to increase its capacity to about 75 per cent between July and October.
IAG, which also owns Iberia and Aer Lingus, expects overall passenger capacity to be about 80 per cent between July and October, and 85 per cent for the final quarter of the year.
That is a reduction of 5 per cent for the second half of 2022 compared with previous guidance, which the group said is “mainly due to the challenges at Heathrow”.
British Airways through the years – in pictures
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British Airways has been flying for over 100 years. It was founded as Aircraft Transport and Travel Limited in 1919. All photos: Getty Images -
A British Airways Boeing 787 Dreamliner aircraft taking off in 2021 -
British Airways employees welcome Olympians returning from the Tokyo Olympics at Heathrow Airport in August 2021 -
A British Airways Boeing 747-400 aircraft arrives at St Athan Airport in Wales in 2020, after setting off for its last flight -
A British Union flag flies from the cockpit of a new Airbus A380 aircraft after landing at Heathrow Airport in 2013 -
Spectators watch as the last Concorde lands at Heathrow Airport in 2003 -
British Airways Concordes at Glasgow Airport in 1983 -
David Nicholson, the first chairman of British Airways after the merger of a number of UK airlines, proudly displays a model of the Concorde in 1973 -
The first Boeing 747 to be operated by the British Overseas Airways Corporation arrives at Heathrow Airport in May 1970 -
Hawker Siddeley HS 121 Trident 1C medium-range commercial jets for British European Airways at de Havillands Hatfield Aerodrome in 1963 -
A British Overseas Airways Corporation Comet III aircraft on display at Farnborough in 1954. The British Overseas Airways Corporation was formed in April 1940 -
Passengers queuing to board a British European Airways Vickers Viking aircraft in 1950 -
The British Overseas Airways Corporation Short Solent passenger flying boat docks at her new berth near Tower Bridge in London in 1949 -
A British Overseas Airways Corporation air stewardess brings a tray of coffee to passengers during a Second World War flight in 1945 -
A British Airways passenger aircraft at Gatwick Airport in 1936 -
Four Handley Page W10 and one Handley Page W9 Hampstead aircraft operated by Imperial Airways are christened by Lady Maud Hoare, Viscountess Templewood, at Croydon Aerodrome in 1926. Imperial Airways was created in 1924
