IAG: a sound Q3.
(CercleFinance.com) - Published on Friday morning, IAG's 9-month results included a 5.
6% year-on-year increase in net profit to 1.57 billion euros.
In addition, the parent company of British Airways and Iberia posted an operating profit of 2.43 billion euros, up 26.9% y-o-y, which was well above the consensus of 1.915 billion euros.
In terms of activity, revenue reached 17.51 billion, up 1.3%, while in terms of financial structure adjusted net debt was reduced to around 7.18 billion euros, compared to 8.16 billion euros.
IAG is targeting operating profit before extraordinary items of around 3 billion euros over the year at constant exchange rates and fuel prices.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
6% year-on-year increase in net profit to 1.57 billion euros.
In addition, the parent company of British Airways and Iberia posted an operating profit of 2.43 billion euros, up 26.9% y-o-y, which was well above the consensus of 1.915 billion euros.
In terms of activity, revenue reached 17.51 billion, up 1.3%, while in terms of financial structure adjusted net debt was reduced to around 7.18 billion euros, compared to 8.16 billion euros.
IAG is targeting operating profit before extraordinary items of around 3 billion euros over the year at constant exchange rates and fuel prices.
Copyright (c) 2017 CercleFinance.com. All rights reserved.