Strong demand drives profits record at British Airways owner IAG
by Tom Ambrose from World news | The Guardian on (#6FXDM)
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.
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