British Airways owner International Consolidated Airlines Group SA (LSE:IAG) publishes third-quarter results on Friday with UBS expecting revenues of €9.3 billion against €8.6 billion or slightly above consensus.
The Swiss bank is also higher than the consensus on profits, with its estimate for an operating surplus of €1.8 billion against the market’s €1,77 billion and net income of €1.32 billion (€1.31 billion).
“We think the outlook for winter 2024 /2025 will be the focus along with the potential for capital returns.
“We think there is a likelihood the company provides a profit range for 2024.”
After Ryanair’s caution over fare prices, what IAG says about the trends will be critical.
IAG shares on Monday were up 0.6% to 214.4p.