The group reported pre-tax profits tumbling to 995 million euro (£852 million) in the three months to the end of June.

The company attributed its “record financial performance” to “long-term demand growth in our core markets and constrained supply in a consolidating industry”.

International Airlines Group said its operating profit last year was €4.3 billion

IAG reported underlying earnings of €3.5 billion for 2023, nearly three times the €1.3 billion in 2022.