British Airways Owner IAG Achieves 15% Profit Surge

IAG attributes its strong financial performance to strategic transformation and robust demand, despite industry challenges.

IAG, the owner of British Airways, reported a 15.4% increase in operating profit for the third quarter, reaching 2 billion euros.
The group's revenue rose by 7.9% to 9.32 billion euros, driven by strong passenger demand and effective cost management.
IAG announced a 350 million euro share buyback, reflecting confidence in its long-term financial strategy.
Despite industry-wide challenges such as Boeing delivery delays, IAG maintained robust cash generation and improved operational performance.
British Airways plans to operate a record number of flights to North America next summer, despite current route cuts due to supply-chain issues.