IAG says forward bookings still strong

Tuesday, 14 Oct, 2022 1

Shares in British Airways parent International Consolidated Airlines Group took off after it revealed better than expected Q3 financials.

IAG expects operating profit to be around £1bn, with ‘no weakness ‘in forward bookings.

Shares in IAG rose as much as 10%.

Despite cost of living woes, sales and yields are holding up.

“Forward bookings remain at expected levels for the time of year, with no indication of weakness, and accordingly our fourth quarter expectations remain unchanged,” BA said.

“Trading during the third quarter has been better than expected due to passenger revenue strength.”

It was a ‘very welcome surprise ‘analysts said.

It will announce consolidated nine month results on 28 October.

IAG also owns Aer Lingus, Iberia and Vueling.

 



 

profileimage

Ray Monty



Most Read

Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know

Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham

Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago

Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research

Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact

Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference

Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role

Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal

Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination

Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness

Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future

Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
TRAINING & COMPETITION
Skip to toolbar
Clearing CSS/JS assets' cache... Please wait until this notice disappears...
Updating... Please wait...