1116 GMT - IAG's fourth-quarter performance was driven by stronger-than-expected revenue, somewhat offset by higher costs, Goodbody analyst Dudley Shanley says in a research note. Quarterly revenue growth of 11% to 8.05 billion euros compares with Goodbody's forecast of 7.60 billion euros, with the beat largely driven by passenger revenues, which were 4% higher than forecast, the analyst says. "Despite the very strong run the stock had last year and at the start of this year, we think the market will welcome the comments about sustainable earnings growth and the new EUR1B buyback," Shanley says. IAG shares trade up 5% at 3.55 pounds. (pierre.bertrand@wsj.com)
(END) Dow Jones Newswires
February 28, 2025 06:17 ET (11:17 GMT)
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