0914 GMT - British Airways owner IAG appears to be flying high and with confidence, Interactive Investor's Richard Hunter says in a note to clients. The airline group's buyback of up to 1 billion euros comes as full-year cash flow surged to 3.56 billion euros from 1.32 billion euros. Revenue growth was supported by a 9.5% bump in passenger sales and a 6.7% rise in cargo sales. "Despite the obvious economic challenges which many consumers are currently facing, the annual holiday seems to have become shielded from day-to-day financial constraint," Hunter says. Shares trade up 4.5% at 354.0 pence. (pierre.bertrand@wsj.com)
(END) Dow Jones Newswires
February 28, 2025 04:14 ET (09:14 GMT)
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