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The International Consolidated Airline Group, which includes British Airway, in the first quarter of 2018 increased its net profit by 13.4 times year on year to 794 million euros. Operating profit was 919 million euros, up from 141 million euros. Revenues for the reporting period increased by 2.1% to 5 billion 22 million euros. Calculated per passenger, the company's revenue decreased by 0.7% to 6 euros 21 cents. The IAG fleet made up 551 aircraft and showed an increase compared to 547 aircraft a year earlier. The company increased fuel expenses by 0.6%. Excluding changes in foreign exchange rates, growth was 10%.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
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