British Airways parent IAG, Air France-KLM benefit from bumper summer travel demands

British Airways parent IAG SA posted record third-quarter profit, led by strong summer demand for leisure travel on transatlantic and European routes.

The group, which also includes Spain’s Iberia and Aer Lingus, reported an operating profit of €1.75 billion ($1.85 billion) for the period. Capacity for the full year is expected to reach 96% of pre-Covid 19 levels.

Airlines have benefited from bumper summer as travel got close to pre-pandemic levels and the last remaining travel restrictions were lifted.