International Airlines Group
European markets down as US indicates further borrowing charge increases
Aer Lingus owner IAG was the biggest gainer on the FTSE 100 index
Irish airline earns €40 million profit in first six months of year
Passengers’ willingness to pay high prices underlines strong rebound in flying over the past year
Many corporate executives were quick to abandon video calls and get back on the road
Iseq All Share index ends session up 1.3%
Airline’s parent delivers a positive first quarter for the first time since pre-pandemic and upgrades profit forecast
Credit Suisse reported client outflows of €64 billion in first quarter
Euronext Dublin escaped the worst of it, outperforming international peers as it finished the day up 0.5 per cent
Airline recorded an operating profit of €45m in the year, bouncing back from a loss €338m in 2021, but it still lags pre-Covid 2019
Shares in engineering giant Rolls Royce climbed 23%, pushing up aviation and auto stocks
Iseq index shed more than 0.8% on Thursday during a low-volume session
Group expects expects operating profit to be in the region of €1.2bn for three months to end of September
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