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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.
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