Cost-cutting aids IAG profit surge

All three airlines currently in the IAG group contributed to a huge surge in its profits in the first half of the year as the Willie Walsh-led company moved closer towards finalising its newest addition.

The International Airlines Group (IAG) more than doubled its profit for the opening six months of the year from €230m to €555m with British Airways, Iberia and Vueling all playing a role in the success.

It’s flagship carrier, British Airways led the way with profits of €453m which in itself represented a jump of 23%.