IAG expected to report large increase in profits

International Airlines Group, parent of British Airways, Iberia and Vueling, is poised to announce a 33% increase in third-quarter profits to almost €1.2bn, according to media reports. The official results will be announced on Friday October 30, 2015.  As the forecast does not include Aer Lingus, since the takeover was only six weeks before the end of the quarter, the actual profit increase is expected to be higher. IAG is also expected to announce its first dividend.