Aer Lingus parent International Airlines Group (IAG) said its operating profit increased by 22.1% last year to €4.3 billion.
This is more than 3.5 billion euros in 2023.
The company attributed the growth to “the successful execution of our transformation program.”
According to IAG, the number of available passenger kilometres (a measure of capacity) increased by 6.2% in 2024.
The company plans to pay shareholders a final dividend for 2024, bringing the total payout to €435 million.
IAG Chief Executive Luis Gallego said: “These results underline the quality of our business and the effectiveness of our strategy, supported by the successful execution of our transformation programme across the group.
“We are delivering world-class profitability and returns, in line with the targets we set for the market just over a year ago.
“We are committed to making our brands the first choice for customers by expanding our network and enhancing our customer offerings, while our disciplined capital allocation ensures we can continue to invest in the business, achieve strong financial performance and create sustainable value for our shareholders.
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“We are particularly pleased to announce that IAG is proposing a final dividend that will bring our total dividend for the year to €435 million, and we plan to return up to a further €1 billion of surplus capital to shareholders within 12 months.”
IAG reported revenue growth of 9 percent, which the company said was due to “our market-leading network, strong brands and highly efficient operations.”
IAG, which also includes British Airways, Iberia, Vueling and Level, said the group would carry 122 million passengers in 2024, up 5.6 percent from 116 million in 2023.
Sourse: breakingnews.ie
