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London - British Airways owner IAG upgraded its 2015 profit outlook after third-quarter results beat expectations on strong demand for travel and lower fuel prices.
IAG, which in August added Ireland-based carrier Aer Lingus to a portfolio comprising BA, Iberia and Vueling, said that full-year operating profit excluding Aer Lingus would come in between €2.25bn and €2.3bn, having previously forecast of €2.2bn.
Excluding Aer Lingus, IAG posted third-quarter operating profit of €1.205bn on Friday, higher than a consensus forecast of €1.197bn.
Rival airlines Lufthansa and Air France-KLM both reported better than expected quarterly results on Thursday.
IAG's results followed its announcement on Thursday that its board had approved an interim dividend, which it had said would be triggered by it meeting 2015 financial targets.
The payout is the first since the company was created in 2011 through a merger of BA and Spanish airline Iberia.
Investors are expecting further details of potential savings from the €1.3bn acquisition of Aer Lingus, plus forecasts for 2016 performance, in the group's presentation to investors on November 6.
