International Airlines Group (IAG) is upbeat about the restructuring progress at its struggling subsidiary Iberia. The Spanish airline posted a €74 million ($99 million) operating profit in the third quarter of 2013, which is equivalent to a 6.2% operating margin. “We took the right decisions at Iberia and we are seeing slightly better yield and revenue performance,” IAG CEO Willie Walsh said last week during IAG’s third quarter earnings call. The group has initiated drastic capacity ...

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