BA Owner IAG Profit Soars In Third Quarter

IAG, the owner of BA and Iberia airlines, has seen its profit soar in the third quarter to £575m.

The company saw the Q3 rise from £224m in same period last year.

Iberia, which has been hit by major cuts and strike action, made an operating profit of 74m euro (£61m), up from only 1m euro (£830,000).

Total passenger numbers for the company were up 8.9% for October, compared to the 2012 figure.

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