By Daniel Hunter
The owner of British Airways has reported a big jump in profits for the three months to the end of June.
International Airlines Group (IAG) posted profits of €449m (£315m) for the second quarter of the year, up 25% on the same period last year.
IAG is currently going through the process of purchasing Irish airline Aer Lingus. The sale has been approved by Aer Lingus and the Irish government. But Ryanair, which also owns a stake, is yet to give official approval.
"What Ryanair has said is that they do intend to sell us their stake," IAG chief executive Willie Walsh said.
Mr Walsh said a weaker euro had an impact on its results, despite the 38% rise. He said: "We continue to take cost out of the business, with both employee and supplier unit costs down at constant currency, and improvements in productivity levels."
