British Airways and Iberia owner International Airlines Group (IAG) has reported a 27% rise in operating profit to €4.4 billion (£3.6 billion) for 2024, as high-spending leisure passengers continued to drive strong demand across its core markets. The announcement sent IAG share price soaring by almost 5% in early trading on Friday.
British Airways owner International Consolidated Airlines Group SA has unveiled a €1 billion (£830 million) buyback after growing profit last year. Post-tax profit climbed 2.9% to €2.7 billion in the year to December 31, the airline reported Friday, as revenue took off 9.0% to reach €32.1 billion.
British Airways owner IAG launched a 1-billion-euro ($1.04 billion) share buyback plan on Friday after it reported a 27% jump in annual operating profit, beating market expectations.
The IAG share price has retreated as some investors start to take profits. It has dropped for three consecutive days and moved to the current 326p, down from the year-to-date high of 367p.
IAG's Q4 top line reflects higher gold sales volume and prices.
IAMGOLD Corporation (NYSE:IAG ) Q4 2024 Earnings Conference Call February 21, 2025 8:30 AM ET Company Participants Graeme Jennings - Vice President, Investor Relations and Corporate Communications Renaud Adams - President and Chief Executive Officer Maarten Theunissen - Chief Financial Officer Bruno Lemelin - Chief Operating Officer Conference Call Participants Anita Soni - CIBC World Markets Tanya Jakusconek - Scotiabank Operator Thank you for standing by. This is the conference operator.
IAG's Q4 results are likely to reflect higher gold prices and production.
In the closing of the recent trading day, Iamgold (IAG) stood at $6.54, denoting a -1.06% change from the preceding trading day.
Shares in International Consolidated Airlines Group SA (LSE:IAG) and easyJet PLC (LSE:EZJ) fell on Monday as rising oil prices pushed up fuel costs for airlines. Brent crude climbed above $75 per barrel, marking its second consecutive session of gains.
In the latest trading session, Iamgold (IAG) closed at $6.46, marking a -0.31% move from the previous day.
Iamgold (IAG) concluded the recent trading session at $6.24, signifying a -0.79% move from its prior day's close.
The price of gold's bullish trend in 2025 is expected to positively impact IAMGOLD Corporation, a $3.5 billion market cap gold producer. IAMGOLD has been increasing production and margins, leading to strong above-average revenue and earnings growth in 2025. IAG stock's low valuation leaves room to the upside for possible market outperformance.