The International Airlines Group (IAG) posted higher than expected Q3 earnings on Friday, with an operating profit of €2 billion for the period, marking a 15.4 per cent year-on-year increase.
The parent company of British Airways, Iberia, Aer Lingus, LEVEL and Vueling recorded total Q3 revenues of €9.3 billion, up 7.9 per cent year on year.
Passenger revenue increased 6.9 per cent to €8.3 billion for the three months to 30 September, largely driven by higher yields, “strong” leisure demand and increased capacity for the North Atlantic region, which the group described as “a major area of strength”.
Group capacity for the quarter, measured in available seat kilometres, increased 5.7 per cent year on year, while load factor…
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