StockMarketWire.com - International Consolidated Airlines Group said Friday it had a strong balance sheet and lifted a number of its long-term objectives, including targeting higher capacity and earnings growth.

For the period from 2019 to 2023, the British Airways owner lifted its target on earnings (ebitdar) to €7.2bn a year, from €6.5bn a year for 2018-2022 previously.

Its average net capex target was raised to €2.6bn a year from €2.1bn previously.

The average seat per kilometre growth target was raised to 6% a year from 5% for 2018-2022 previously.

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