Middle East conflict weighs on profits at British Airways owner IAG

Middle East conflict weighs on profits at British Airways owner IAG International Airlines Group (IAG), the owner of British Airways and Iberia, has reported a more than 12 percent fall in third-quarter net profit, citing soaring fuel costs and flight disruptions linked to the conflict in the Middle East. Profit after tax fell to 1.23 billion euros ($1.37 billion) in the July-September period, compared with 1.4 billi…