British Airways continues to suffer under IAG (International Airlines Group) as the group reports operating losses of £531 million for the first quarter.

Losses at Spanish carrier Iberia have led to a net quarterly loss of €630 million (£531 million), as the Spanish business struggles to recover from the impact of the Eurozone crisis and increased competition from rival firms.

Despite the first quarter losses from the impact of the Iberia acquisition, IAG have announced total passenger revenue increases of 3.9 percent.

Chief executive Willie Walsh admitted that there was: “more work to be done".

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