Airline operator International Consolidated Airlines (IAG) is due to report first-quarter numbers on 10 May.

The British Airways, Iberia, Aer Lingus and Vueling owner has experienced a revival of fortunes recently due to strong consumer demand – people are still prioritising holidays despite the ongoing cost-of-living crisis.

The company has grabbed the attention of several analysts recently with French investment bank BNP Paribas, Kepler Cheuvreux and US investment bank Raymond James all upgrading their recommendation on the stock.

In its full-year results at the end of February, the airline group said it had restored 95.7% of 2019 capacity and noted benefits from cost efficiencies, reductions in debt and some degree of stability in fuel prices.

Operating profits nearly tripled from €1.3 billion to €3.5 billion surpassing the previous record of €3.3 billion made by the company before the pandemic in 2019.

Shares in the airline have gained nearly 18% over the past year – nearly reaching a two-year high.

Analysts are expecting first quarter sales to rise by 8% to €6.4 billion

For the full year, the consensus is looking for a 6% increase in revenues to €31.2 billion and analysts will look for comment on capacity growth where 7% is the planned increase in (available seat kilometres) or ASKs. 

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