Cost cutting boosts British Airways owner - Sharply reduced losses - TopicsExpress

Cost cutting boosts British Airways owner - Sharply reduced losses from Spanish carrier Iberia and British Airways helped IAG (LON:IAG) slash its trading deficit in its latest quarter. Group losses at the airline owner fell to 150mln from 278mln before one-offs in the three months to March. British Airways put in another strong performance with its loss falling to 5mln from 72mln this time a year ago in a traditionally weak period, while Iberias deficit tumbled to 11... ow.ly/2GvvaF