On Thursday, London-listed shares in International Consolidated Airlines Group SA (LON:ICAG) surged in afternoon trading after the carrier group said it expects to deliver better-than-expected Q3 results thanks to strong growth in passenger revenue.

In a preliminary earnings statement, British Airways and Iberia owner added that operating profit for the three months to September 30 before exceptional items would be in the region of €1.2 billion.

IAG noted that it previously anticipated that income during the period would improve when compared to the second quarter. Meanwhile, forward bookings remain at expected levels for this time of year with no indication of weakness.

As a result, the firm left its fourth-quarter estimates unchanged.
IAG will announce its full set of third-quarter results on October 28.

Founded in 2011, International Consolidated Airlines Group SA (IAG) is an Anglo-Spanish airline company. Its registered office is in Madrid, Spain, while its global headquarters is in London, United Kingdom. It was formed after a merger agreement between British Airways and Iberia, the flag carriers of the United Kingdom and Spain, respectively.