BA owner IAG Group's profits surge by a third

Lower fuel costs offset 'slight dip in revenue' and a hit from the slump in the pound

British Airways planes at Heathrow
(Image credit: Ben Stansall/AFP/Getty Images)

British Airways owner IAG Group has reported an increase in pre-tax profit of around a third for 2016, hitting €2.4bn (£2bn) "in spite of a slight dip in revenue", says the Daily Telegraph.

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