Europe’s International Airlines Group (IAG)—parent company of British Airways, Iberia, Vueling and Aer Lingus—posted a first-quarter net profit of €104 million ($118 million), reversed from a net loss of €26 million a year ago. The result was achieved on revenue of just over €5 billion, compared to €4.7 billion for the year-ago period. The January to March first quarter, incorporating the post-festive season dip, is traditionally the weakest period of ...

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