IAG sees profits surge in 2011

British Airways and Iberia owner International Consolidated Airlines Group (IAG) reported a five-fold increase in pre-tax profit in the year ended December 31st.

British Airways and Iberia owner International Consolidated Airlines Group (IAG) reported a five-fold increase in pre-tax profit in the year ended December 31st.

Pre-tax profit surged 499% from €84m to €503m, on revenues that grew 10.4% from €14,798 to €16,339m, despite a €317m adverse currency impact.

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