(Repeats to wider coding, no changes to test)
LONDON May 9 British Airways-owner
International Airlines Group said on Friday its
seasonal first-quarter loss narrowed by 46 percent, beating an
consensus forecast, as a turnaround at its Iberia unit started
to take effect.
The company posted an operating loss before exceptional
items of 150 million euros in the three months to March 31,
compared to the 278 million euro loss it made in the year
earlier period, and against analyst expectations for a loss of
162 million euros from a company-compiled consensus.
Like most tour operators and airlines, IAG generally reports
a loss in the traditionally weaker first part of the year and
makes the bulk of its profits in the summer months.
(Reporting by Sarah Young, Editing by Paul Sandle)