British Airways owner gets target upgrades on lower fuel costs - analyst
IAG(ICAGY) Proactive Investors·2024-01-09 23:49
British Airways owner International Consolidated Airlines Group SA (LSE:IAG) should get a boost from an increasingly favourable macroeconomic outlook for the aviation sector. According to RBC, a dip in airline fuel costs should offer a roughly 2% boost to the operator’s 2024 pre-tax earnings estimates, which the bank forecast to come in at £3.37 billion. “We certainly see attractions in the IAG investment case,” the bank said in a note, “and now have the most potential upside to our IAG price target among ‘ ...