Companies
Aer Lingus owner IAG raises full-year outlook after surprise profit and travel rebound
The company now expects operating profit to exceed the upper end of its previous guidance, which called for a range of €1.8 billion to €2.3 billion
Aer Lingus and British Airways owner IAG SA raised its full-year earnings outlook after reporting a surprise profit in the typically weak first quarter, highlighting how the airline industry has rapidly bounced back from the depths of the pandemic slump.
The company now expects operating profit to exceed the upper end of its previous guidance, which called for a range of €1.8 billion to €2.3 billion, London-based IAG said on Friday. IAG also said its ...