BA owner raises profit forecasts as airline revenues return to pre-Covid levels

IAG says leisure holidays main driver of resurgence while business travel continues to recover

Airline revenues at British Airways' owner have returned to pre-Covid levels, the group has announced, as it increased its profit forecasts despite a summer of disruption.

Higher fares drove IAG's revenues for the last quarter above 7.3bn, despite the cap on flying imposed at its main base, London Heathrow airport, and the continued closure of key routes to Asia.