International Consolidated Airlines Swings To Q1 Profit

International Consolidated Airlines Group SA ICAGY swung to a Q1 profit from a year-ago loss. The company posted a net profit of 33 million euros ($48 million), versus a net loss of 243 million euros, in the year-earlier period. The company's total revenue increased 15% to 3.64 billion euros. The company's operating loss dropped to 102 million euros from 238 million euros. ICAGY shares gained 1.42% to close at $20.01 yesterday. Read more from Benzinga's Company news.