IAG net profit falls 74% in 1Q; operating profit up 9.7%

Credit: Rob Finlayson
International Airlines Group (IAG) posted a first-quarter net profit of €27 million ($29.6 million), down 74% from net profit of €104 million in 1Q 2016. The company said adverse currency movements played a significant part in the profit drop. Revenue for the quarter was €4.9 billion, down 2.8% from...

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