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May 10 2024, 07:37 IST/BST
IAG
Q1 profitable; outlook unchanged
DAVY VIEW
IAG, uniquely among network airlines, was profitable in Q1 with €68m operating profit (consensus €48m; 2023 €9m) and continues to deliver. Outlook for the full year is unchanged. Net debt to EBITDA before exceptional items was 1.3x (December 31st 2023: 1.7x, March 31st 2023: 2.1x). IAG indicates that it is “well-positioned for the summer”.
