IAG sets bullish profit target
British Airways parent IAG will announce a more bullish profit target for 2015 to investors today.
At its Capital Markets Day, the airline group will set a target of €1.8 billion operating profit in 2015, up from €1.6 billion.
It believes this will be achieved thanks to the integration and improved performance of Vueling, the Iberia recovery plan and growth from BA and Vueling.
BA’s operating profit target has been revised from £1.1 billion to £1.3 billion.
The targets assume capital expenditures of €2.0 – €2.2 billion per year.
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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