British Airways Owner IAG to Cut 4,500 Iberia Jobs

British Airways parent International Consolidated Airlines Group SA said it will eliminate 4,500 jobs at Spanish unit Iberia -- or more than one-fifth of the total -- after third-quarter profit tumbled 25 percent.

How to Play the Volatility in Stocks
09:43 - Mark Sebastian, Option Pit founder, discusses his VIX options strategy with Bloomberg's Julie Hyman on "Bloomberg Markets." (Source: Bloomberg)
  • The Politics of High Drug Prices
  • Is There a Cyclical Bear Market Underway?
  • Bloomberg ‹GO› Full Episode (11/25)