IAG's Latest Results Shows Airline Group is in Good Health -- Market Talk

Dow Jones11-08

0936 GMT - IAG appears to be in good health after the airline group's third-quarter result showed improvement across the board, Begbies Traynor partner Julie Palmer says in a note to clients. The result is made all the more impressive by how the company was able to grow revenue to by nearly 8% while also being able to sustain an expansion to its capacity. "IAG expects momentum to continue for the rest of the financial year and the announcement of a 350 million euro share buyback program today indicates just how strong a position IAG believes it is in," Palmer says. Shares trade 6.4% higher at 232.8 pence. (pierre.bertrand@wsj.com)

(END) Dow Jones Newswires

November 08, 2024 04:36 ET (09:36 GMT)

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