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IAGBullishEarningsnews
Materiality pending

IAG Shares Rise As FTSE Firm Reveals Robust Q1 Revenues, Profits

May 10, 2024, 5:02 AM EDT1 sourcesAI-analyzed

AI summary

What happened, with direct paths to the underlying reporting

- IAG's share price rose 1.1% to 184.9p per share in Friday trading. - Revenues rose 9.2% in Q1 to €6.4 billion, with passenger revenues up 11.7%. - Operating profit increased significantly to €68m. - Price Impact Rating: Bullish - Impact Horizon Rating: Short-term - Type: Earnings

  • IAG's share price rose 1.1% to 184.9p per share in Friday trading.
  • Revenues rose 9.2% in Q1 to €6.4 billion, with passenger revenues up 11.7%.
  • Operating profit increased significantly to €68m.

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