Dow Jones Newswires
In this file photograph taken on October 27, 2017, British Airways aircraft taxi on the runway with the financial towers and office buildings of the City of London in the background before taking off from London City Airport in east London.
daniel leal-olivas/Agence France-Presse/Getty Images
International Consolidated Airlines Group said Friday it beat consensus as it reported a swing to operating profit for the first quarter, and raised its guidance for the year.
The London and Madrid-listed company UK:IAG ES:IAG— which houses British Airways, Iberia, and Vueling among others–said that operating profit was 9 million euros ($9.9 million) compared with an operating loss of EUR718 million for the first quarter of 2022. Three analysts polled by FactSet had an adjusted operating loss consensus of EUR156.6 million.
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