International Airlines Group (IAG), owner of British Airways and Iberia, reported pre-tax profit of more than €2 billion ($2.1 billion) in the third quarter, an increase of 15.4%. compared to the same period in 2023.

On November 8, 2024, IAG said that, based on the company’s latest financial results, it expects its “strong financial performance to continue for the remainder of the year.”

Luis Gallego, CEO of IAG, said: “We delivered a very strong financial performance in the third quarter of 2024, with a 15.4% increase in operating profit compared to the same period last year and an improvement in our margin to 21.6%. This is due to the effectiveness of our strategy and the Group-wide transformation.