IAG flies as it raises profits guidance - British Airways-owner IAG (LON:IAG) was flying high on Friday morning after cheering the market with a sharp increase in third quarter revenue. Revenue for the third quarter was up 8.5% to €5.87bn year-or-year, or up 6.9% on a constant currency (cc) basis. Fuel costs were down 7.5% on a cc basis, boosted by the introduction of new, more efficient aircraft into the fleet. For the first nine months of 2014, total revenue was up 7.... ow.ly/2PXBRs
Posted on: Fri, 31 Oct 2014 09:07:30 +0000
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