International Airlines Group (IAG) is focusing its attention on returning Iberia to profitability and integrating BMI, once regulatory hurdles are cleared and the acquisition is approved. “Our two operating companies (British Airways and Iberia) are in very different conditions,“ says IAG CEO Willie Walsh. While BA achieved a £518 million ($827.4 million) operating profit, (up £321 million) in fiscal 2011, Iberia recorded a €98 million ($131.9 million) loss, €70 million worse than a year ...
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