Aer Lingus owner IAG signals recovery despite ramped up costs and Omicron

Overall, the company had a strong recovery in business travel in the first quarter and it expected to be profitable from the second quarter onwards and for the full year.

Aer Lingus owner IAG expects to be profitable by Q2 2022 Picture: Eddie O'Hare

Aer Lingus owner IAG reported a Q1 operating loss short of analyst expectations due to Omicron and the cost of ramping up capacity.

Operating loss before exceptionals for the airline group was €754m, missing average analyst consensus which stood at a loss of €510m, although the range spanned a loss of €1.15bn to a loss of €250m.