Following British Airways merger with Iberia, International Consolidated Airlines Group (IAG) began trading today, with its name on the London Stock Exchange putting an end to BA as a stock market name after 24 years.The decision for a merger is with an aim at cutting costs, and securing access to each other's routes.

Savings are expected to reach £340m a year by IAG's fifth year.

The pair fly to more than 200 destinations on more than 400 aircraft and BA stands to benefit from Iberia's access to South American routes.