IAG earns 2,655 million in 2023, six times more

IAG earns 2,655 million in 2023, six times more


IAG has recorded a profit after taxes of 2,655 million euros in the financial year 2023, which means multiplying by more than six the result of the previous year, when it earned 431 million euros, as the group notified the Commission this Thursday. National Securities Market (CNMV).

However, the directors have proposed that no dividend be paid for the year ending December 31, 2023 and the company highlights that the group’s future ability to distribute dividends depends on the liquidity needs and distributable reserves of the companies in the group. cluster.

Revenues increased by 27.7%, to 29,453 million euros, of which 25,810 came from ticket revenues, 32.6% more. For its part, expenses rose by 19.1%, to 25,946 million euros.

Operating profit stood at 3,507 million euros, almost three times more than the previous year, and above that recorded in 2019, before the pandemic, when it was 3,253 million euros. The group’s financial debt as of December 31, 2023 was 16,082 million euros, 19.5% less than a year before.

In Spain, the group’s businesses generated approximately €1.4 billion in operating profit, more than double that of 2022.

The group’s capacity recovered to approach pre-Covid-19 levels in most of its main markets, with an average of 95.7%.

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