IAG shares rise after Iberia-owner's first-quarter profit beats estimates
IAG, which is also the owner of Spain's Iberia and Vueling, said that growth had been particularly strong in travel to Latin America and the Caribbean. The timing of the Easter weekend also lifted unit revenue, especially in Europe.
Operating profit in the three months to March 31 jumped to 68 million euros, up from 9 million euros in the year-ago period. Analysts had anticipated a return of 49 million euros, according to a company-compiled forecast cited by Reuters.
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