BA owner IAG post record Q3 profit

British Airways parent IAG posted a record third-quarter airline profit.

It earned €1.23 billion with seat capacity now at 96% of pre-Covid levels.

This was in spite of taking a €50 million hit due to the August air traffic control meltdown.

As well as BA, IAG owns Aer Lingus and Iberia.

Demand remains strong it says, although business travel remains muted.

The British Airways contribution to the airline profit was £617 million.

It cautioned on fourth…