By Jonathan Davies

British Airways' owner IAG Group has reported its first ever profit in the first quarter.

IAG, which also owns Vueling and Spanish airline Iberia, reported an operating profit of €25 million (£18m; $27.8m) in the three months. It compares with a loss of €150m.

Revenues grew 12% to €4.7bn.

IAG chief executive Willie Walsh said it had been a "strong improvement".

"This is IAG's first-ever quarter-one operating profit in what is traditionally the weakest quarter of the year," he said.