Strong demand drives profits record at British Airways owner IAG

Group says it will use third-quarter earnings of 1.52bn to invest in the business and reduce its debt

British Airways owner IAG has reported a jump in profits in the last quarter due to strong performances on its North and South Atlantic routes.

Operating profits rose to 1.745bn (1.52bn) in the July-September quarter, up from 1.216bn in the third quarter of 2022, as IAG became the latest airline group to benefit from the boom in leisure travel.