British Airways last night confirmed that it will merge with the Spanish flag carrier Iberia in a $7bn (£4.2bn) deal, creating the world's third biggest airline. The announcement comes after a day when the boards of both companies were locked in separate meetings, combing through the fine details of the plans which have been under discussion for nearly 18 months.
British Airways' Spanish merger partner Iberia today said losses in the first nine months of the year more than tripled to €181.9m (£162.4m). The group is suffering the same industry headaches that left BA with its first ever interim loss this year, with passengers flying less amid the recession.
British Airways' Spanish merger partner Iberia today said losses in the first nine months of the year more than tripled to €181.9m (£162.4m).
The group is suffering the same industry headaches that left BA with its first ever interim loss this year, with passengers flying less amid the recession.
