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

By Chris Bailey of Financial Orbit | Friday 5 May 2023

Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

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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