British Airways Owner IAG Bucks Tough Year for Airline Stocks [Yahoo! Finance Canada]
AIR FRANCE-KLM ADS (AFLYY)
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Source: Yahoo! Finance Canada
Most Read from Bloomberg Carriers including Air France-KLM, Deutsche Lufthansa AG and Wizz Air Holdings Plc have failed to replicate the post-pandemic gains of 2023 — but one airline group has bucked the trend. British Airways' parent IAG SA almost doubled in value this year, making it the second-best performer on the Bloomberg World Airlines Index, and the only European carrier among the Top 10 gainers. Lufthansa, the biggest airline group in the region, is last on that list, with a 24% stock loss. There are several reasons for IAG's standout year. Its core transatlantic market boomed, bolstered by the introduction of extra-long-range Airbus SE narrow-body jets which has expand the group's US reach from Europe. Shareholders benefited from a dividend reinstatement, and the company repaid all of its pandemic-era debt. And to set its customer experience apart from competitors, British Airways recently unveiled a brand-new first class cabin that will debut on the Airbus A380 dou
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