(MENAFN) British Airways-owner International Airlines Group raised its 2015 profit forecast by more than 20 percent, outperforming struggling continental rivals, Oman Observer reported.
IAG, which is trying to acquire Ireland's Aer Lingus , said that the profit increase would be driven by cost control across the group and growth at its Iberia Spanish unit which until last year had dragged on the business.
"We expect Iberia to continue to improve its profitability given the trajectory that it's on. The performance to date for Iberia has been tremendous and we expect that to continue in 2015," Chief Executive said.
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