. International Group of Consolidated Airlines (LSE: IAG) Share The price began in the morning, jumping by 2% on today’s (August 1) results in the first half. As someone who has a high flying growth, I was ready to celebrate the next day in the sun-but what is it?

When settling to write it around noon, the actions fell by almost 2%. It seems that investors are thinking.

The growth still looks sturdy

I understand why they were initially impressed. . FTSE 100-Pliste owner British Airways, Iberia and Aer Lingus have reported a sturdy set of numbers. Revenues increased by 8% year to EUR 15.9 billion in six months to June 30. Operational profit before unique items increased by 43.5% to EUR 1.88 billion. The profit per share increased by almost 70%. Not bad.

Margins have also improved, jumping from 8.9% to 11.8%. This is due to the continuous transformation program and closer cost control. Net debt dropped to EUR 5.46 billion, from EUR 7.52 billion at the end of December. This gives more financial flexibility to reward shareholders. This year, they already had EUR 1.5 billion in dividends and purchase.

British Airways and Iberia did particularly well, and the latter benefited from the presence of Madrid-Latin America on a roaring route. The only tender place was Vueling, in which a diminutive decrease due to more cushioned demand in Europe.

One reason for the investor’s caution

Despite the solid results, the company did not raise its forecasts for the whole year. It could tear off some of the results. Markets do not like to keep designs.

The management said that he is still expecting a good escalate in earnings and better margins this year. He also warned against the ongoing geopolitical and economic uncertainty, he did not facilitate Donald Trump enlivening the threat of the trading tariff, which gained three references in today’s statement.

Chris Beauchamp on the IG platform believes that the price of the action could reach the peak for now. “When the shares exceed 400p, it becomes much more difficult.” Today they are at 375 pence.

With shares by over 130% during the year, profits may not come so quickly. Beauchamp warned that some investors could block profits.

Aarin Chiekrie from Hargreaves Lansdown was more hopeful. He said that the dominance of British Airways on a circumscribed London market gives him price strength, and Iberia Latin American links are a plus. Since fuel and other operating costs will now be lower, profitability can still improve.

The valuation is still tempting

Actions still look budget-friendly in relation to a profit of only 7.9, about half FTSE 100 average. But it is an unstable sector, exposed to changing policy, oil prices, extreme weather and global economic cycles. This valuation gap will not be automatically closed.

Analysts covering shares are in the median of 12-month share price 407p. This suggests a diminutive escalate by about 8.5% compared to today’s level. I feel it for me, considering where things are.

It is not in a hurry to buy more, but there is no way I would sell. Market perspectives are a bit uncertain, and the international group of consolidated airlines may consider buying on immersion (as I did in April). Expect turbulence, but try to stick to it in the long run.