BA-owner IAG projects medium-term operating margin of 12%-15%
© Reuters. British Airways logos are seen on tail fins at Heathrow Airport in west London, Britain, February 23, 2018. REUTERS/Hannah McKay/File Photo ICAG -1.83% Add to/Remove from Watchlist Add to Watchlist Add Position Position added successfully to:
+ Add another position Close
LONDON (Reuters) - British Airways-owner IAG on Tuesday said it would see a medium-term operating margin of 12% to 15%, while its outlook for the 2023 financial year remained unchanged after strong results in its third quarter as it opened its capital markets day.
European airlines have reported strong earnings in their third quarters on the back of robust summer demand, but soaring jet fuel prices and political instability weighed on their outlooks and share prices.
IAG added that it projected a medium-term return on invested capital at 13% to 16%.
BA-owner IAG projects medium-term operating margin of 12%-15% 1
Oil prices steady as $80 brent remains elusive; US inventories in focus
European stocks fall on rate cut uncertainity, weak Chinese growth data
Trump hits back at Biden, attacks Haley in first 2024 trip to Iowa
US Consumer group seeks stronger warnings on Botox, similar treatments
China's debt outlook downgraded as economy slows
Pro Research: Wall Street dives into Walmart's strategic growth
Australia trade drags on Q3 growth, government spending a boost
European shares muted as investors await Fed minutes for policy outlook
