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| BA owner IAG reports strong profits | BA owner IAG reports strong profits |
| (35 minutes later) | |
| International Airlines Group (IAG) has raised its full-year profits forecast after seeing strong growth in the last three months. | International Airlines Group (IAG) has raised its full-year profits forecast after seeing strong growth in the last three months. |
| IAG posted a pre-tax profit for July to September of €1.1bn ($1.2bn; £792m), up 48% from last year. | IAG posted a pre-tax profit for July to September of €1.1bn ($1.2bn; £792m), up 48% from last year. |
| The company owns British Airways, Iberia, Vueling, and bought Aer Lingus earlier this year. | |
| IAG announced on Thursday that it would be paying its first dividend, which will be 10 euro cents per share. | IAG announced on Thursday that it would be paying its first dividend, which will be 10 euro cents per share. |
| It has not paid a dividend since the company was created in 2011 by the merger of BA and Iberia. | |
| It has slightly raised its forecast for operating profits for the full year to a range of €2.25bn to €2.3bn, having previously said it would be over €2.2bn. | |
| Chief executive Willie Walsh said: "We're reporting strong quarter results with a positive contribution from all of our airlines." | |
| On Thursday, Air France-KLM and Lufthansa both reported improving results. | |
| The airline sector has been boosted by low fuel prices and recovering demand for air travel. |