Walsh's airline group orders 16 jets as profits soar

IAG chief executive, Willie Walsh

Sarah Stack

WILLIE Walsh's International Airlines Group (IAG) ordered 16 wide-body jets for its Iberia business as it reported a 55pc rise in second-quarter profit.

Shares in the British Airways owner rose as much as 4.9pc when trading opened in London yesterday after it was revealed the Spanish arm of the group is on track to return a full year profit for the first time since 2008.