International Consolidated Airlines Group, otherwise known as IAG, said Iberia continued to have a negative impact on its bottom line in the third quarter as it revealed details of a 'transformation plan' to get its loss-making Spanish airline back on track.
Total revenue rose 12.6% year-on-year in the third quarter (three months to September 30th), from €4.490bn to €5.056bn, as passenger revenue increased strongly, up 14.1%.
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