Banco Sabadell: From the declarations in Bloomberg of IAG’s CEO, Luis Gallego, we highlight: They expect a better summer, although there are still difficulties such as air traffic control in France. In any case, they see very strong demand in Q2 and Q3, with less visibility for Q4. Premium traffic is offsetting the weakness of corporate traffic, which remains at 70% of 2019 levels. On consolidation opportunities, apart from the...

Portugal has taken its commitment to Europe very seriously, the rescue programme representing €78bn. So after the selling of the state-owned companies EdP and REN to the Chinese companies Three Gorges and State Grid, it is the turn of the Portuguese flag carrier TAP. All the signs are that, if no unexpected events meddle the deal, the next TPA’s owner will be the British-Spanish airline IAG. According to the digital...