Iberia and British Airways return to profit in September quarter as merger approaches

Both British Airways and soon-to-be merger partner Iberia recorded strong results in the period to 30-Sep-2010, as yields on long haul returned and load factors improved. This makes the prospects for the post-merger operation a lot better than previously. The two will merge on 21-Jan-2011 and trade as a single entity on 24-Jan-2011.