shares in iag owner of british airways and spanish carrier iberia soared thursday after the parent group flagged a return to profit on rebounding demand operating profit before exceptional items was expected to be about 12 billion euros 116 billion for the third quarter iag said in a trading update that contrasted with a loss of 485 million euros for the same period last year aviation is recovering strongly after countries lifted covid lockdowns iag shares soared more than seven percent to 10794 pence in afternoon london trading making it the biggest winner on the capitals ftse 100 stocks index which was down overall