Profits jump at British Airways' owner as rivals struggle with Boeing delivery delays

International Airlines Group reported an operating profit of 2 billion euros for the third quarter, a 15% increase from last year, fueled by effective strategy.

IAG CEO Luis Gallego stated, "Demand remains strong across our airlines and we expect a good final quarter of 2024 financially," highlighting successful group transformation.

Julie Palmer noted, "In contrast to its peers, heavily affected by Boeing delivery delays, British Airways owner was able to materially increase passenger revenues."

Analysts at Peel Hunt remarked on the better-than-expected results due to robust cash generation and a positive outlook, indicating sustained demand for travel.

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