Photo: Courtesy, IAG. International Airlines Group, formed by the merger of British Airways and Iberia last month (ATW Daily News, Jan. 24), reported a pro-forma net profit of €90 million ($124 million) in the quarter ended Dec. 31, 2010, reversed from a €130 million deficit in the year-ago period, as revenue and yields strongly increased on limited capacity growth. CEO Willie Walsh said the group is closely monitoring the “current political instability in the Middle ...

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