BA owner IAG sees losses widen on higher fuel costs
11 May 2012 Last updated at 16:18 BST
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.