The IAG, who own British Airways , have seen a rise in their profits. There was an 8% increase in pre-tax profits for the summer quarter of 2013, an increase of 507 million Euros compared with last year. This increase has been aided by the recovery of their Spanish airline, Iberia. Profits for the Spanish airline were 74m Euros in the summer quarter for 2013 whilst were only 1m in the same quarter in 2012. This is due to the company's focus on cutting jobs and paying at the carrier. Profits at BA also increase to 477m Euros compared to 269m Euros in the same quarter last year. BA have benefited from demand for transatlantic flights and the London market, To combat the fall in demand for business travel to London, due to last years Olympics, they were also helped by a 100m Euro
'bounce back'.
By Victoria Clayton
