IAG, which during the quarter to 31st December 2010 existed as Iberia and British Airways, has reported an Operating profit for the quarter of €6 million, a great improvement on the €114 million operating loss in the same period last year. BA’s EBIT for the quarter was €44 million while IB posted a €46 million operating loss. pro-forma net profit of €90 million in the quarter to 31stDecember 2010 from a €130 million loss the year before. Revenue for the quarter was up 13.4% on last year to €3.81 billion. Passenger revenue was up 15.6% on last year to €3.3

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