IAG Swings To Q1 Loss
International Consolidated Airlines Group SA (OTC: ICAGY) posted a net loss in the first quarter.
IAG posted a quarterly net loss of EUR146 million, versus a year-ago net profit of EUR33 million. IAG's pretax loss came in at EUR263 million, versus a loss of EUR47 million. Its revenue gained 7.8% to EUR3.92 billion.
IAG posted an operating loss of EUR212 million, versus a loss of EUR102 million.
IAG shares closed at $13.10 yesterday.
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