LONDON - Group International Airline, which combines British Airways and Iberia of the Spain, reported a profit of euro33 million ($48 million) for the first three months of the year.
The company said Friday that the two airlines had a total loss of euro243 million a year, before the merger. Income increased 15% to euro3.63 billion pounds.
It was the first report of earnings for the company, launched on 21 January.
Chief Executive Willie Walsh, says the Group reduced controllable costs - except fuel - 5 percent.
The group says the number of passengers choosing services premium rose 12 percent from a year ago.
Shares in the company rose by 2.8% to 252.8 pence on the London Stock Exchange.
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