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