International Consolidated Airlines Swings To Profit

International Consolidated Airlines Group SA ICAGY swung to profit in the first half. ICAGY reported its first-half pretax profit of EUR39 million, versus a loss of EUR419 million, in the year-ago period on a pro-rata basis. Its revenue surged 17.9% to EUR7.77 billion. Its operating profit came in at EUR88 million, versus a year-ago loss of EUR309 million. ICAGY shares fell 1.36% to close at $18.80 yesterday.