British Airways-owner IAG beats forecasts, but wary on outlook

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British Airways-owner IAG beats forecasts, but wary on outlook
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British Airways-owner IAG beats forecasts, mindful of uncertainty ahead

IAG, which also owns Iberia, Aer Lingus and Vueling, said it was "mindful of wider uncertainties that might affect the full year", which chief executive Luis Gallego told reporters referred to a lack of visibility on the fuel price and demand.Shares in IAG, which have climbed 25% this year, were up 2.6% to 159 pence in early deals, still well below the 400 pence level they were trading at before the pandemic in early 2020.

For the three months to the end of June, the group recorded an operating profit before exceptional items of 1.25 billion euros, compared to the 895 million euros analysts were on average expecting.

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