May 5, 2017 SOURCE: AFP
BA-owner reports profits dive as weak sterling bites
IAG, parent group of British Airways and Spanish carrier Iberia, reported on Friday a 74-percent slump in first-quarter net profit, in large part owing to a weak pound.
Profit after tax slid to 27 million euros ($30 million) in the first three months of the year from 104 million euros...
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