IAG CEO Luis Gallego says the weaker demand for transatlantic routes has shown signs of easing over the past three weeks. According to Gallego, IAG noticed “several weeks” of demand softness in its economy cabins from the US, though the situation is now recovering. IAG owns airlines such as British Airways, Spain’s Iberia and Ireland’s Aer Lingus. Gallego speaks to Bloomberg’s Guy Johnson on the sidelines of the International Air Transport Association (IATA) annual meeting in New Delhi, India.
00:00 Weakness in transatlantic air travel demand is easing off
01:58 Weaker dollar; demand for travel to US; fuel price hedging
04:17 Decision to order Boeing planes was independent of tariffs
06:43 M&A: possible interest in buying TAP, Air Europa
——–
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