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IAG Q3 profit beats forecasts, upgrades 2015 guidance

[LONDON] British Airways-owner IAG reported a forecast-beating 34 per cent jump in quarterly operating profit helped by lower fuel costs, giving the company confidence to slightly upgrade its annual profit guidance.

IAG said that excluding newly acquired airline Aer Lingus it posted operating profit of 1.205 billion euros in the third quarter compared to a consensus forecast of 1.197 billion euros.

For 2015, IAG forecast operating profit of between 2.25 billion euros and 2.3 billion euros, above a previous forecast for it to come in over 2.2 billion euros.