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#518716

VintageKrug
Participant

stevescoots, what I was saying was that IAG and many of the BA Management team have experience turning round struggling airlines.

I did not mean Qatar was a struggling airline (though as accounts aren’t published, it’s hard to say either way – it made losses for many years during its explosive growth phase, a good profit in 2011, a modest loss in 2012) but there *may* be room for some efficiency there – what I meant was that IAG is now operating as a turnaround agent – for bmi, for Iberia, and to a lesser extent for Vueling building on the success it has had rescuing BA from imminent bankruptcy only a few years ago.

This makes IAG a very valuable entity in the context of the recession-wracked airline industry – it’s added value few other airline firms offer.