International Consolidated Airlines (GB:IAG) has released an update.
International Consolidated Airlines Group (IAG) reported a strong first quarter in 2024, with an operating profit of €68 million, a significant increase from €9 million in the same period last year. The company experienced a 7.0% growth in passenger capacity and a reduction in net debt to 1.3 times EBITDA. Despite market challenges, the airline group is poised for a profitable summer, backed by the continuing high demand for travel.
For further insights into GB:IAG stock, check out TipRanks’ Stock Analysis page.
