BA owner IAG sees losses widen on higher fuel costs

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IAG, the parent firm of British Airways (BA) and Spain's Iberia, has reported widening losses, due in large part to higher fuel costs.

Pre-tax losses for the first three months of the year were 263m euros ($340m; £211m), compared with losses of 47m euros a year earlier. Revenue rose 8% to 3.9bn euros.

Fuel costs rose by 281m euros, while strikes at Iberia cost 25m euros.

The airline said the outlook for the aviation industry remained uncertain.

Jeremy Howell reports.

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