0739 GMT - IAG's balance sheet looks "investable" again, with high free cashflow generation despite elevated spending, JPMorgan analysts say in a note. IAG's re-investments, while leading to higher costs in the short term, can potentially drive revenue and higher EBIT margins in the medium term, JPM says. Current EBIT consensus expectations look too conservative, with the potential for earnings upside from stronger pricing driven by leisure demand, JPM says. Shares are up 0.8% at 292.50 pence.(anthony.orunagoriainoff@dowjones.com)
(END) Dow Jones Newswires
May 09, 2025 03:39 ET (07:39 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.