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January, 23, 2017

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Iberia improves, lifts International Airlines Group US$375 mil. profit

LONDON--International Airlines Group announced on Friday increases to quarterly profit thanks to improvement at its Spanish carrier Iberia, while its other main operator British Airways landed a solid performance.

Group net profit more than doubled to 280 million euros (US$375 million) in IAG's second quarter, or three months to the end of June, from 127 million euros during the equivalent period one year earlier.

Group revenue jumped 6.7 percent to 5.08 billion euros, IAG said in an earnings statement.

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