IAG Shares Surge after Optimistic Q3 Forecast

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”

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