British Airways Owner Strengthens Forecast After Aer Lingus Deal
- Third-quarter profit growth lags behind European competitors
- First dividend set with interim payout of 10 cents a share
This article is for subscribers only.
British Airways parent IAG SA fell the most in more than three weeks after a raised 2015 profit forecast lagged behind analysts’ predictions.
IAG dropped as much as 5.1 percent, the steepest intraday decline since Oct. 7, and was trading down 4.7 percent at 569.5 pence as of 10:07 a.m. in London. Operating profit this year, excluding one-time items and newly acquired Aer Lingus, will total 2.25 billion euros ($2.47 billion) to 2.3 billion euros, IAG said Friday in a statement. That’s below the 2.31 billion-euro average of 16 analyst estimates compiled by Bloomberg.