British Airways owner IAG sees record profits as air travel recovers

The owner of British Airways has posted record half-year profits helped by higher fares and the continued rebound in travel post-pandemic. Airline group IAG reported operating profits of €1.3bn after being boosted by a "Strong" recovery in leisure travel. In the same period last year it had posted a loss of €446m. IAG chief Luis Gallego said the group was aiming to be back at pre-pandemic levels of demand by the end of year. IAG said it had seen a "Strong leisure traffic recovery", adding premium leisure demand "Continued to perform very well". The company said British Airways was "Particularly affected" because of its "London exposure and complex schedule".

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