Friday, 31 October 2014

British Airways reports strong 3rd quarter results

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The company that owns British Airways as well as Iberia and Vueling, has reported third quarter operating profits up 210m Euros (30%) compared to the corresponding quarter of 2013 before exceptional items.

International Consolidated Airlines Group (IAG) said that performance was bolstered by increased passenger capacity as well as reduced fuel costs achieved through the introduction of newer and more efficient aircraft to the fleet.

BA was responsible for the bulk of the profit growth, but both Iberia and Vueling have shown significant growth.

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