IAG shares soar as BA plans £7bn business transformation

ANALYSTS are backing IAG shares next year as the group’s flagship British Airways brand pushes ahead with a £7bn transformation plan.

- Guy Taylor

Panmure Liberum expects BA to fulfil its “ambitious” improvement targets of 15% by 2027 compared with 10% in 2023.

The airline, the largest owned by the IAG conglomerate, unveiled changes at a showcase event in London earlier this year, including a nearly £1bn injection into its IT infrastructure, machine learning and artificial intelligence.

The so-called £7bn modernisation programme had some blockbuster features but also aims to fix the basics.