British Airways parent IAG will announce a more bullish profit target for 2015 to investors today.
At its Capital Markets Day, the airline group will set a target of €1.8 billion operating profit in 2015, up from €1.6 billion.
It believes this will be achieved thanks to the integration and improved performance of Vueling, the Iberia recovery plan and growth from BA and Vueling.
BA’s operating profit target has been revised from £1.1 billion to £1.3 billion.
The targets assume capital expenditures of €2.0 – €2.2 billion per year.
