IAG Sees Losses Widen

FrugalFlyerv2.0

Veteran
Oct 29, 2003
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Pre-tax losses for the first three months of the year were 263m euros ($340m; £211m), compared with losses of 47m euros a year earlier.
Revenue rose 8% to 3.9bn euros.
Fuel costs rose by 281m euros, while strikes at Iberia cost 25m euros.
Iberia made an operating loss of 170m euros in the quarter, while BA's equivalent loss was £62m (77m euros).
The company said demand in London remained strong, but the eurozone debt crisis had affected business in Madrid.
http://www.bbc.co.uk/news/business-18031204