International Airlines Group (IAG), the parent company of British Airways, reported strong first-quarter earnings for 2024, surpassing expectations in several key metrics. The company recorded 26.36 million passengers, higher than the expected 25.96 million, and posted revenues of EUR 6.43 billion, exceeding forecasts of EUR 6.38 billion. Adjusted operating profit for the quarter was EUR 68 million, well above the anticipated EUR 49.5 million. This performance is attributed to robust demand for travel. IAG is optimistic about maintaining this momentum into the peak summer travel season, anticipating continued high demand.
Britain's economy bounces back, Rightmove expects better times for the housing market, and IAG sees strong demand for holidays -- get briefed ahead of your morning calls with The London Rush https://t.co/LZXDVtKmyE
British Airways owner IAG predicts summer boom as profits climb https://t.co/rBMCxSEEiH
Britain's economy bounces back, Rightmove expects better times for the housing market, and IAG sees strong demand for holidays -- get briefed ahead of your morning calls with The London Rush https://t.co/HTCXXejjXI
British Airways owner IAG says said high demand for travel is continuing as it readies itself for the crucial peak summer travel season https://t.co/EYVVSlnSyQ
IAG Q1 24 Earnings: - Passengers: 26.36M (exp 25.96M) - Revenue: EUR6.43B (exp EUR6.38B) - Adj Operating Profit: EUR68M (exp EUR49.5M) - Strong Demand For Travel Helped To Deliver Very Good Q1