British Airways owner soars as buyback shows IAG 'firing on all cylinders'
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International Consolidated Airlines Group SA (IAG), owner of British Airways, announced a new €350 million buyback and reported a 15.4% increase in operating profit for the third quarter, leading to a 6% rise in its share price.
November 08, 2024 | 12:00 pm
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POSITIVE IMPACT
IAG's announcement of a €350 million buyback and a 15.4% increase in Q3 operating profit led to a 6% rise in its share price.
The announcement of a significant buyback and strong earnings results are positive indicators for investors, leading to a notable increase in share price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100