0928 GMT - IAG's operating profit before exceptional items exceeded analysts' expectations and is expected to grow further this year, RBC Capital Markets analyst Ruairi Cullinane says in a research note. The metric, which strips out exceptional and other one-off items, rose 27% to 4.44 billion euros compared with expectations of 4.08 billion euros. The airline group has a stronger outlook than it is given credit for considering its supportive capacity backdrop on the Atlantic route, pricing potential from British Airways product measures and the possibility for further business travel recovery, RBC says. Shares trade up 5% at 355.70 pence. (pierre.bertrand@wsj.com)
(END) Dow Jones Newswires
February 28, 2025 04:28 ET (09:28 GMT)
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