The International Airlines Group (IAG), parent company of British Airways and Iberia (IB), reported a third-quarter operating profit of €270 million ($344 million), down 25.6% from an operating profit of €363 million, before exceptional items—€301 million excluding British Midland International (bmi)—in the year-ago period. Third-quarter revenue was up 12.6% year-over-year, buoyed by a 14.1% growth in passenger revenue. Operating costs increased 16%, as fuel ...

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