Middle East conflict weighs on British Airways owner IAG's profits

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Middle East conflict weighs on British Airways owner IAG's profits International Airlines Group (IAG), the owner of British Airways and Iberia, said its third-quarter net profit fell by more than 12 percent as fuel costs rose and the conflict in the Middle East disrupted flights. Profit after tax fell to 1.23 billion euros ($1.37bn) in the July-September quarter, compared with 1.4 billion euros a year earlier.…