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)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.