Ibe­ria air­line’s profit soars

Weekend Argus (Saturday Edition) - - BUSINESS -

LON­DON/MADRID: Profit at In­ter­na­tional Air­lines Group more than dou­bled in the third quar­ter as Span­ish car­rier Ibe­ria be­gan to re­cover, adding to an­other strong per­for­mance from British Air­ways and boost­ing its shares.

The group re­struc­tured af­ter suf­fer­ing from labour dis­putes and the loss of Span­ish con­sumers to bud­get ri­vals dur­ing an eco­nomic slump, was start­ing to bear fruit.

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