0824 GMT - IAG's first-quarter earnings exceeded expectations thanks to lower fuel prices and increased revenue, JPMorgan analysts say in a research note. They add that they don't expect any major changes to consensus. The company's pre-exceptional operating profit came to 198 million euros, up from expectations of 133 million euros. Despite the beat and amid continuing uncertainty, IAG maintained its guidance, adding that strength in the premium cabin is offsetting recent softness in U.S. economy leisure. "This is the first public commentary around any incremental softness on Transatlantic," the analysts say. JPMorgan adds that IAG's second-quarter revenue being ahead of the prior-year level is a positive development. Shares trade up 1.6% at 295 pence. (pierre.bertrand@wsj.com)
(END) Dow Jones Newswires
May 09, 2025 04:24 ET (08:24 GMT)
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