Bumper profits for IAG

IAG, the parent company of Aer Lingus, British Airways, Iberia, Vueling and LEVEL, reported “strong and sustained demand for travel, in particular in leisure” as it revealed operating profits of around £3bn in 2023, higher than its pre-COVID peak. The company said it had seen capacity growth last year of 22.6% versus 2022, with further growth forecast this year. “British Airways will continue to rebuild to its pre-COVID-19 long-haul capacity and Iberia [will] grow efficiently in the attractive and growing