Iberia A340-600. By Rob Finlayson International Airlines Group (IAG), parent company of British Airways (BA) and Iberia (IB), reported a pre-tax loss of €263 million ($340.5 million), worsened from a €47 million loss in the year-ago period, despite revenue rising 7.8% to €3.9 billion. Passenger unit revenue for the period was up 8.5%, on top of capacity increases of 0.6%. Fuel costs for the quarter rose 24.9% year-over-year to €1.4 billion. IAG chief executive ...

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