IAG share price surges on record €4.4bn profit, but business travel outlook dims
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International Airlines Group (IAG) reported a record €4.4 billion profit for 2024, driven by high-spending leisure passengers. Despite the surge in share price, the outlook for business travel remains dim.
February 28, 2025 | 11:15 am
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IAG's share price surged by almost 5% following the announcement of a record €4.4 billion profit for 2024, driven by strong demand from leisure passengers. However, the outlook for business travel remains uncertain.
The record profit announcement and subsequent share price increase indicate positive investor sentiment. However, the dim outlook for business travel could temper long-term growth expectations.
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