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Aircraft and finance. IAG halves its losses thanks to Iberia's recover
London, United Kingdom - Revenue growing by 6.7%
International Airlines Group (IAG), the holding which includes British Airways, Iberia and Vueling, managed to almost halve its operating losses in the first quarter of 2014, passing from 278 to 150 million Euros (-46%). This positive result was mainly achieved thanks to the restructuring of Iberia, which enabled a significant reduction of the losses of IAG's Spanish side. Also the revenue is in...
AVIONEWS - World Aeronautical Press Agency