6 May 2011 Last updated at 02:16 ET
International Airlines Group has seen its losses narrow on rising revenues in the company’s first results since the British Airways-Iberia merger.
The firm lost 47m euros ($68m; £42m) in the first quarter of the year, down from a 273m euro loss a year ago.
The improved result came as the airline’s revenues rose 15.4% on the year as business volumes recovered, and despite a 31% jump in fuel costs.
The two national flag carriers completed their merger in January.
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BA-Iberia group sees losses fall