(CercleFinance.com) – International Airlines Group (IAG), parent company of British Airways and Iberia, publishes for the second quarter an adjusted operating profit of 287 million euros, compared to a loss of 1.04 billion a year ago, a profit slightly exceeding the consensus.
“This slight overrun is mainly supported by better yields and comes despite operational disruptions during the quarter,” said Stifel, noting that like its peers, IAG is reducing its capacity for the summer period.
‘Nevertheless, talk about the outlook is clearly positive with revenues booked at 95% of their 2019 level, indicating strong returns,’ adds the boker, which maintains its ‘hold’ stance on the Anglo-Spanish airline’s stock. .
Copyright © 2022 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends with the buttons below.
