0850 GMT - IAG is benefiting from cheaper fuel prices and resilient demand for travel, which helped boost its operating profit and its share price to five-year highs, Begbies Traynor partner Julie Palmer says in a note to clients. IAG appears to be defying the gloom weighing on consumer-facing sectors in the U.K., the analyst says. The owner of British Airways, Iberia and Vueling posted an operating profit before exceptional items of 4.44 billion euros last year. "Despite current successes, IAG must remain wary of the potential headwinds of a volatile geopolitical climate, the possible impact of tariffs and a highly competitive travel market," the analyst says. IAG shares trade up 3.9% at 351.90 pence. (pierre.bertrand@wsj.com)
(END) Dow Jones Newswires
February 28, 2025 03:50 ET (08:50 GMT)
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