International Airlines Group (IAG) has reported a solid set of results in its first year as a combined entity of British Airways (BA) and Iberia (IB), with a net profit of €555 million ($745.5 million) and an operating profit of €407 million.
British Airways, Iberia tails. Courtesy, IAG International Airlines Group (IAG) has reported a solid set of results in its first year as a combined entity of British Airways (BA) and Iberia (IB), with a net profit of €555 million ($745.5 million) and an operating profit of €407 million (ATW Daily News, Jan. 24, 2011). Net earnings rose 455% year-on-year on a pro forma basis and included 21 days of IB pre-merger results from €100 million in 2010. Operating profit ...
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