1115 GMT - International Consolidated Airlines' pricing in 2025 ought to be supported by constrained transatlantic capacity, Deutsche Bank's Jaime Rowbotham says. "With fuel set to be tailwind, we see scope for another year of ahead-of-consensus earnings growth in 2025," the analyst writes in a research note. Deutsche Bank estimates the company will post a 13.7% operating margin in 2025, rising to 14.3% in 2026. This would meet IAG's 12% to 15% target range set during its 2023 capital markets day. The bank upgrades its rating on the company's stock to buy from hold. Shares trade up 2.6% at 2.89 pounds, the highest price since March 2020. (pierre.bertrand@wsj.com)
(END) Dow Jones Newswires
December 11, 2024 06:15 ET (11:15 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
Comments