IAG, the owner of airlines including British Airways, Iberia and Aer Lingus, reported a 27% rise in annual operating profit to 4.4 billion euros.

(Reuters) -British Airways owner IAG launched a 1-billion-euro ($1.04 billion) share buyback plan on Friday after it reported a 27% jump in annual operating profit, beating market expectations. The carrier reported adjusted operating profit of 4.

PROFITS took off at BRITISH AIRWAYS owner IAG last year as fuel costs shrank and it made more money from customers. Passenger revenue increased by 3.1 per cent, while fuel overheads fell by 5.2