If Spain exits the eurozone, Iberian and British Airways' parent company is ready
Skift Take
IAG leadership is positive that the union between Iberia and British Airways will start showing positive numbers in 2015, but a eurozone crisis would definitely throw that timetable off.
International Airlines Group, the merged British Airways and Iberian airlines, revealed it is preparing for a Spanish exit from the eurozone as it announced that huge and "unsustainable" losses from Iberia have dragged the parent company into the red.
Willlie Walsh, the chief executive of IAG, said there were "opportunities" as well as risks in a possible Spanish exit. While the broader economic downsides would be immense, he believed the airline's preparation and "prudent management" would give it a competitive advantage.
IAG has established a eurozone crisis management group that meets every two weeks to pl
