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IAG stumbles in fourth quarter

IAG stumbles in fourth quarter

These results from British Airways owner International Consolidated Airlines (IAG) were largely what the market wanted to see, although weaker profits in the fourth quarter managed to catch some investors off guard. Fourth-quarter operating profits fell because of higher employee bonus costs, which left group operating profit slightly short of some analysts’ forecasts. Management’s guidance for the current financial year is for a 4 per cent increase in operating profits, consistent with consensus expectations.

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