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BA-owner IAG second-quarter profit ahead on strong revenue

BA-owner IAG second-quarter profit ahead on strong revenue
FILE PHOTO: British Airways logos are seen on tail fins at Heathrow Airport in west London, Britain, February 23, 2018. REUTERS/Hannah McKay/File Photo -
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Hannah Mckay(Reuters)
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DUBLIN (Reuters) – British Airways owner IAG <ICAG.L> on Friday posted better than expected profit for the first half of its key summer period on strong ticket sales and said it was on course to match last year’s profit for the full year.

IAG said second-quarter operating profit was 960 million euros (£878.6 million), 5 percent ahead of the 914 million forecast by a company poll of 23 analysts. It expected passenger unit revenue to improve for the rest of the year on a constant currency basis.

(Reporting by Conor Humphries; editing by David Evans)

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