International Airlines Group (IAG)—parent company of British Airways, Iberia and Vueling—has reported a first-quarter net loss of €26 million ($29.1 million), narrowed from a €184 million loss for the year-ago period. Operating profit was €25 million, reversed from a loss of €150 million a year ago, giving the Group its first-ever operating profit in the traditionally weak months after Christmas and New Year. Separating out the three carriers’ ...

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