European Airlines Report Record Profits Amid Travel Surge

Despite facing high costs and jet delivery delays, airlines like IAG and Air France-KLM see a strong recovery to near pre-COVID levels.

European airlines report record profits in 2023, driven by strong demand for leisure travel and a recovery to near pre-COVID levels of operation.
IAG's net profit surged six-fold to 2.7 billion euros, with revenues jumping by almost a third to 29.5 billion euros.
Air France-KLM's net annual profit soared to a record 934 million euros, despite operational difficulties and geopolitical tensions.
Despite the profit surge, airlines face challenges from high inflation, fuel and staff costs, and delays in jet deliveries from Boeing and Airbus.
IAG and Air France-KLM are optimistic about 2024, with bookings for the first half of the year ahead of last year's performance.