Dow Jones Newswires: International Consolidated Airlines lifts guidance after swinging to profit

May 5, 2023

International Consolidated Airlines Group said Friday it beat consensus as it reported a swing to operating profit for the first quarter, and raised its guidance for the year.

The London and Madrid-listed company UK:IAG ES:IAG— which houses British Airways, Iberia, and Vueling among others–said that operating profit was 9 million euros ($9.9 million) compared with an operating loss of EUR718 million for the first quarter of 2022. Three analysts polled by FactSet had an adjusted operating loss consensus of EUR156.6 million.

…

Futurist Eric Fry says it will be a “Summer of Surge” for these three stocks

One company to replace Amazon… another to rival Tesla… and a third to upset Nvidia. These little-known stocks are poised to overtake the three reigning tech darlings in a move that could completely reorder the top dogs of the stock market. Eric Fry gives away names, tickers and full analysis in this first-ever free broadcast.

Watch now…