February 29, 2012

BA-owner IAG sees strong profit rise

IAG, the parent firm of British Airways and Spain's Iberia, has reported an increase in annual profits and revenues.
The company made a pre-tax profit of 503m euros (£425.6m; $677.8m) in the year to December 2011, after a profit of 84m euros the year before.
IAG's chief executive, Willy Walsh, said demand for its North Atlantic routes remained strong.
He added its European trade depended on developments in the eurozone.

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