IAG CEO Luis Gallego on Airline Demand

The transcript discusses the current state of the travel market, highlighting strong performance in premium leisure travel despite lagging corporate traffic. It addresses high airfares and supply chain issues affecting aircraft availability. The conversation also covers IT system challenges and operational disruptions, including strikes. Strategic expansion plans, such as acquiring Air Europa, are explored, along with the impact of British Airways on the group's market perception. The focus is on resilience, growth opportunities, and improving group performance.

What is the main reason for the strong performance in the leisure travel market?

• Improved business travel conditions

• Decrease in airfares

• High demand for premium leisure travel

• Increase in corporate travel

What is one of the factors contributing to high airfares?

• Reduced airport taxes

• Higher demand for business travel

• Aircraft shortages

• Increased fuel prices

What is being done to address IT system outages at British Airways?

• Reducing flight operations

• Migrating data centers to the cloud

• Hiring more IT staff

• Increasing ticket prices

What external factor has impacted flight operations recently?

• Pilot shortages

• New airline regulations

• French strikes

• Weather conditions

What is the strategic importance of acquiring Air Europa?

• Expanding into the Asian market

• Strengthening the Madrid hub

• Reducing competition

• Increasing low-cost travel options

How does British Airways' performance affect the group's share price?

• It has no effect

• It has a disproportionate effect

• It only affects during peak seasons

• It affects only when profits are high

What other business area is recognized as an opportunity for growth?

• In-flight entertainment

• Cargo services

• Catering services

• Loyalty programs