IAG Q3 Profit Falls 12.2%; Revenue Rises 4.5%
IAG reported third-quarter profit after tax of €1.23 billion, down 12.2% year over year. Operating profit before exceptional items fell to €1.73 billion from €2.05 billion, while the company affirmed its full-year operating margin guidance.
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - IAG (BAY.L, IAG.L, INR.DE, IAG.MC) reported third quarter profit after tax of 1.23 billion euros, a decline of 12.2% from a year ago. Operating profit before exceptional items decreased to 1.73 billion euros from 2.05 billion euros, prior year. The company said…