IAG, the owner of BA and Iberia airlines, has seen its profit fly high in the third quarter to £575m.
The company saw the rise in the three months to the end of September up from £224m in same period last year.
Iberia, which has been hit by major cuts and strike action, made an operating profit of 74m euro (£61m), up from only 1m euro (£830,000).
Total passenger numbers for the company were up 8.9% for October, compared to the 2012 figure.
IAG also saw total revenues advanced 6.9% to £4.5bn in the reporting period.
"These are strong results," chief executive Willie Walsh said.
"This is an improved performance (for Iberia), bearing in mind it's the strongest quarter of the year.
"However, the airline must continue to implement its restructuring plan and reach agreement on productivity changes to bring about long term sustainable profits and growth."
Third-quarter operating profit at British Airways surged to £400m, up from £223m.
"Its performance continues to benefit from a strong London and transatlantic market as well as a 100m euro (£83m) revenue bounce-back from the Olympic effect last year. In addition, the airline has maintained its focus on cost control," Mr Walsh said.
IAG's latest results also featured the first full-quarter contribution from Spanish budget carrier Vueling, which the group took control of in April.
It made an operating profit of £115m in the third quarter.
Mr Walsh said that the division benefitted the group with its low cost base and successful product strategy.
"This summer, there was a tourism boost in Barcelona and Vueling was able to capitalise on this seasonal spike due to its leadership position at the airport."
Turning to the outlook for the rest of the year, IAG predicted that it would make an operating profit before exceptional items of around £620m in 2013.
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