Taking Off Again

The International Airlines Group (IAG) owens British Airways, Aer Lingus, Iberia and Vueling. Its airlines are all currently experiencing to return to pre-Covid levels of profitability (https://www.theguardian.com/uk-news/2022/oct/28/iag-increases-profit-forecasts-as-airline-revenues-return-to-pre-pandemic-levels). British Airways recorded profits of £1.2bn for the 3 months, ending 30th September 2022. IAG say that leisure travel was the main driver of this recovery but business fares were also picking up. Perhaps some of their customers are going to Sharm-el-Sheikh for COP27? When they get there, they may be reminded that, a return of airlines to pre-Pandemic profitability, has a distinct downside in terms of climate change. I suspect, however, they will simply regard themselves as exceptions to the rule.