British Airways owner IAG beats profit estimates on premium demand

Group 1 - IAG reported an annual operating profit before exceptional items of 5.02 billion euros ($5.93 billion), exceeding analyst expectations of 4.97 billion euros [2] - This profit represents a 3.5% increase from the previous year's adjusted operating profit of 4.44 billion euros [2] - The company benefited from lower fuel costs and strong performance on its core transatlantic routes, particularly in premium services [1][2]