London - International Airlines Group raised its 2015 profit forecast on Friday, citing the impact of growth at British Airways and Vueling, and Iberia's ongoing recovery.
Operating profit, or earnings before tax and one-off costs, was expected to reach 1.8 billion euros ($2.42 billion) in 2015, IAG said in a statement.
That marked a 12.5-percent increase from the previous target level of 1.6 billion euros.
IAG also lifted the 2015 target for its British Airways division to £1.3 billion ($2.1 billion, 1.6 billion euros), up from £1.1
billion previously.
The airline group expects capital expenditure to be between 2.0
billion euros and 2.2 billion euros per year. It is targeting earnings per share to be greater or equal to 54 euro cents.
Last week, IAG had revealed that third-quarter net profits more than doubled, boosted by BA, Iberia and Vueling.
Profits after taxation surged 165 percent to 580 million euros ($777 million) for the three months to the end of September, compared with 219 million euros in the third quarter of 2012.
Total revenues advanced 6.9 percent to 5.406 billion euros in the reporting period.
IAG expects to make an operating profit before exceptional items of around 740 million euros in 2013. - Sapa-AFP