Arab Today, arab today iag unveils fullyear profit of 555 mn euros
Last Updated : GMT 05:53:48
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IAG unveils full-year profit of 555 mn euros

Arab Today, arab today

Arab Today, arab today IAG unveils full-year profit of 555 mn euros

London - AFP

International Airlines Group, formed last year from the merger of British Airways and Spanish carrier Iberia, announced on Wednesday net profits of 555 million euros ($747.5 million) for 2011. IAG estimated that a combined group would have recorded a far lower profit after tax of 100 million euros in 2010, according to an earnings statement.

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