0845 GMT - Uncertainty over the demand for third-quarter transatlantic economy flights may temper consensus upgrades for International Consolidated Airlines as the company's result for the first quarter implies around 6% upgrades for the full year, Jefferies analysts say. "We see value in IAG shares, given further self-help opportunities, relatively small carbon headwinds and strong cash generation," they say in a research note. Jefferies adds that the airline group's margins are now higher than before the pandemic, and they can keep growing as the company's long-haul capacity recovers. Shares trade up 1.4% at 294.30 pence. (pierre.bertrand@wsj.com)
(END) Dow Jones Newswires
May 09, 2025 04:45 ET (08:45 GMT)
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