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IAG raises profit target for 2015

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Growth seen at Iberia, British Airways and Vueling

A turnaround at struggling Iberia and growth at British Airways and Vueling will increase earnings at International Airlines Group, the parent company says.

IAG is therefore raising its operating profit target for 2015 by 12.5% to €1.8 billion from the earlier €1.6 billion.

The group recently announced a 156% increase in third-quarter operating profit to €690 million, boosting overall pre-tax profits by 148% to €606 million.

TTG Digital

[pictured: Iberia aircraft at Madrid Terminal 4; photo courtesy oneworld]

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