DALLAS – International Airlines Group (IAG) shares surged today after the London-listed company announced that Q3 results would be better than expected.
On Thursday afternoon, shares in the FTSE 100-listed company and parent company of British Airways (BA) and Iberia (IB) were trading 8.3% higher at 109.07 pence each.
Following a preliminary earnings statement, the Anglo-Spanish multinational airline holding company revealed that its 2022 third-quarter operating profit is expected to be approximately €1.2bn due to passenger revenue.
IAG turned a profit in its second-quarter earnings, owing to the resurgence of the tourism business following the COVID-19 outbreak. In the first half, read more ⇒
Source:: “Airways Magazine”