British Airways owner IAG rises on upbeat Q1 report
Shares of British Airways owner IAG ICAG.L up 1.3% to 94p
IAG reports Q1 adjusted operating profit that beats market estimates, backs FY outlook, orders 53 new planes
CEO says despite macro uncertainty, air travel demand is resilient across markets, particularly in premium cabins
Hargreaves Lansdown analyst says, "After such a strong start to the year and demand holding up well, there could be room for markets to turn more positive on IAG and the industry as a whole."
Up to Thursday's close, stock had fallen 3.8% this year
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