IAG said the restructuring of Iberia was making good progress
International Airlines Group (IAG) has reported a return to profit in the second quarter of the year, helped by signs of a turnaround at its Spanish carrier Iberia.
IAG - which also owns British Airways - reported operating profits of 245m euros ($323m; £214m) for the period, up from a loss of 4m euros last year.
Losses at Iberia narrowed to 35m euros from 93m a year earlier.
IAG has been restructuring Iberia, including cuts to jobs and pay.
IAG chief executive Willie Walsh told BBC Radio 4's Today programme the restructuring programme was "making good progress".
He also noted an improved profit performance at British Airways, where operating profits increased to 247m euros from 94m a year earlier.
In addition to BA and Iberia, IAG also owns Spanish budget airline Vueling.
Source: BBC News - Business http://www.bbc.co.uk/news/business-23545401#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
