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Airline group IAG moves into profit

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The group made a pre-tax profit of 155m euros ($207m; £123m), compared with a 177m-euro loss a year ago.

Iberia, which has been loss-making for a number of years, made a loss of 95m euros.

Last week, it signed an agreement to shed an extra 1,427 jobs, IAG chief executive Willie Walsh said.

"This performance shows that we are making further solid progress," Mr Walsh said.

Passenger numbers increased to 35,480 from 29,137 in the first half of 2013.

Mr Walsh said that Iberia's restructuring "continues to have a positive impact" on the group, and that 16 new aeroplanes had been ordered for the Spanish airline.

Eight Airbus A350-900s and eight Airbus A330-200s will be joining its long-haul fleet, he said.

Iberia narrowed its losses from 551m euros the year before.

Article Credit: BBC

Updated 5 Years ago

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