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Feb 28 2019, 08:00 GMT
IAG
Group profits up 9.5% with a similar level guided for 2019; special dividend of 35c
DAVY VIEW
IAG grew profits by 9.5% in FY 2018 ¿ one of the few, if any airlines to grow profits. For FY 2019, fuel is to be offset by improving unit revenue and ex-fuel costs. Full year dividend is 31c (€615m) with a special dividend of 35c (€700m). We maintain our ‘Outperform’ rating. Analyst briefing at 08:45 GMT, +353 14319615; +44 2071 928000; confirmation code: 8698932.
