British Airways owner IAG sees record profits as air travel recovers

IAG chief executive Luis Gallego said the group's capacity was now close to pre-pandemic levels in most of its main markets.Total revenues at the group rose to €29.4bn (£25bn), up from €23bn in 2022.Demand for flights continues to be "robust", IAG said, especially for leisure travel. The group said its flights were 92% booked for the first three months of 2024 and 62% booked for the first half of the year, which…