After yesterday’s lessor-induced hangover (our thanks to them) it is back to business here: IAG, Europe’s fourth-largest airline group by market value, has reported a first half-year operating loss of €253m ($308m) in the six months to the end of June. This compares to an €88m profit in the same period last year. Despite the loss, group revenue rose 9.8% to €8.53bn. Fuel costs rose 25% to just under €3bn, while non-fuel costs jumped 9.5% to €5.8bn. British Airways made an operating profit, after exceptional items, of €13m in the first half, while and Iberia made an operating loss of

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