Friday, November 08, 2013 5:40 am
IAG confirms post Olympics traffic pick-up
The Associated Press
Operating profit before exceptional items for the nine months through September was 657 million euros ($885 million), compared to 17 million euros in 2012.
The share price spiked 4.5 percent to 365 pence.
CEO Willie Walsh says the London and trans-Atlantic market boosted performance while the troubled Spanish Iberia unit, where costs have been cut, showed growth.
Walsh said Friday there was a 100 million euros boost following the "Olympic effect." Many travelers skipped London last summer amid fears it would be congested.