IAG Exceeds Q3 Earnings Estimates with EUR 9.33 Billion Revenue on Strong Trans-Atlantic Demand

IAG SA, the owner of British Airways, reported third-quarter earnings that exceeded market estimates due to strong demand for trans-Atlantic routes. The company posted revenues of EUR 9.33 billion, surpassing the estimated EUR 9.22 billion. Adjusted net income was EUR 1.44 billion, beating the forecasted EUR 1.32 billion. Additionally, IAG's adjusted operating profit reached EUR 2.01 billion, higher than the expected EUR 1.78 billion. The company also revised its full-year capital expenditure forecast to approximately EUR 3.1 billion from a previous estimate of EUR 3.7 billion.