Middle East conflict weighs on profits at British Airways owner IAG

Middle East conflict weighs on profits at British Airways owner IAG International Airlines Group (IAG), the owner of British Airways and Iberia, has reported a more than 12 percent fall in third-quarter net profit, citing soaring fuel costs and flight disruptions linked to the conflict in the Middle East. Profit after tax fell to 1.23 billion euros ($1.37 billion) in the July-September period, compared with 1.4 billion euros a year earlier, the group said. IAG reported that its fuel costs rose more than 30 percent