British Airways parent IAG posts 81% surge in 2014 profit

Paris

PROFIT at International Airlines Group, the parent company of British Airways, leapt by 81 per cent last year, bolstered by strong passenger demand on its key routes across the Atlantic and a turnaround at its once-struggling Spanish carrier, Iberia.

The group, also known as IAG, said on Friday that it had an operating profit before exceptional items in 2014 of 1.39 billion euros (S$2.12 billion…