InfoAfrik.com

Reliable Africa & Global News…

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

The British Airways owner, IAG, has reported a jump in profits in the last quarter because of 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.

Continue reading…

About Author

Subscribe To Our Newsletter