Lufthansa wins EU approval for its Italian airline deal

BRUSSELS โ€“ Lufthansa won European Union approval to buy a stake in Italyโ€™s state-owned carrier ITA Airways after last-ditch concessions eased high tensions between Rome and Brussels. The German airline, already the biggest in Europe by revenue, now adds Italian routes to its network, guaranteeing the future of the loss-making Italian airline, the successor to [โ€ฆ]

Strong demand drives profits record at British Airways owner IAG

Group says it will use third-quarter earnings of ยฃ1.52bn to invest in the business and reduce its debtThe British Airways owner, IAG, has reported a jump in profits in the last quarter because of strong performances on its North and South Atlantic rout…