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IAG

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More travel and less debt means good news for IAG. But how are you feeling about 2024 (and beyond)?

I am not sure if you have been on a British Airways or an Air Lingus or an Iberia flight recently, but if you have, I reckon you would have found it a bit busier than last year or the year before. And - especially when you mix it with the lower fuel bills and slightly less general travel sector angst - you will not be particularly surprised to see IAG’s (IAG) first quarter numbers showed it to be profitable for the first time since the pre-Covid world of 2019. And they pushed up their hopes for full year profitability too. So is it time to pile into the shares then?

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By Chris Bailey of Financial Orbit
144 days ago

IAG

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IAG profit hopes up, share price down. Welcome to the airline sector!

Did you read the Q4/FY22 numbers from International Consolidated Airlines Group (IAG) this morning? The company, which includes British Airways within its key brands, is back to profit in recent months and even hopes to make nearly a couple of billion euros profit this year. However, despite the improving post-Covid world for the airline group, its shares are down this morning. It is always “good fun” investing in the airline sector.

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By Chris Bailey
214 days ago

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Tom Winnifrith Bearcast: Is Cineworld now a slam dunk zero thanks to blundering Boris?

My wife’s young cousin – L – and her young man will arrive shortly to our house to cat sit and the Mrs, Joshua, and I can head to the Greek Hovel. I wonder what Covid restrictions there are in Greece and how they will be applied? Here in the UK, BoJo has new rules and I ponder if they will mean the death of Cineworld (CINE). On the subject of death, I discuss Versarien (VRS) and also its moronic shareholders and why ADVFN (AFN) scores an own goal in not banning them. I look at Coro Energy (DOG) and also International Consolidated Airlines (IAG), British Airways as was.

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By Tom Winnifrith
1152 days ago

IAG

International Consolidated Airlines (British Airways) Results - a broker who understands travel warns you

Andrew Monk does understand travel. Most brokers only understand it in that they collect air miles flying 1st class on expenses on Corporate jollies. Monk did actually run an airline as well as being a top City travel guru in days gone by. Thus his comment today on results from International Consolidated Airlines (IAG), the son of British Airways, are worth heeding.