RE: Market insanity8 May 2026 07:54
International Airlines Group (IAG), the parent company of British Airways, Iberia, and Vueling, reported better-than-expected Q1 results on Friday, leading the airline to confirm its annual forecasts.
IAG's Q1 operating profit before exceptional items took off to €198m, compared with €68m a year earlier, notably thanks to a reduction in its fuel bill.
In comparison, financial analysts were expecting operating profit of around €130m.
Its operating margin improved accordingly by 1.7 percentage points to 2.8%, while revenue over the period rose 9.6% to over €7bn
This will open basically in line with yesrdays close so I’m happy, long term once the ME conflict ends this is a good long term hold