Airline group IAG has reported a near 8% year-on-year increase in group revenue for the third quarter of the year, with operating profit ahead by 15.4% to just over €2bn.
The group – which owns Aer Lingus, Iberia, British Airways, Vueling and LEVEL – said customer demand remains strong in all of its core markets.
“We expect our strong financial performance to continue for the rest of the year,” said Luis Gallego, IAG CEO.
“We achieved a very strong financial performance in Q3 2024, with a 15.4% increase in operating profit compared to the same period last year and improving our margin to 21.6%. This is due to the effectiveness of our strategy and Group-wide transformation. We are also delivering on our commitment to provide sustainable returns for shareholders. Demand remains strong across our airlines and we expect a good final quarter of 2024 financially.”
