0846 GMT - International Consolidated Airlines has a stronger outlook than the airline group is given credit for, RBC Capital Markets analyst Ruairi Cullinane says in a research note. The view comes as the company, also known as IAG, said that it is continuing to see good demand for air travel. It posted first-quarter results in which demand for premium seats mitigated some weakness in U.S. economy demand. "We think IAG has a stronger outlook than given credit for, given a supportive capacity backdrop on the Atlantic, pricing potential from BA product measures, and given scope for business travel recovery to step up further," the analyst says. Shares trade up 2.1% at 296.34 pence. (pierre.bertrand@wsj.com)
(END) Dow Jones Newswires
May 09, 2025 04:46 ET (08:46 GMT)
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