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International Airlines Group - formerly British Airways. (IAG)
skinny
- 21 Jan 2011 07:12
IAG Investor Relations
Recent Broker notes
BarChart Indicators
Recent Market news
International Airlines Group (IAG) Fundamentals
International Consolidated Airlines Group, S.A., also known as International Airlines Group, is the name of an Anglo-Spanish holding company formed on 8 April 2010 as a result of the proposed merger between British Airways and Iberia.
The new company will be the third largest airline holding company in the world by revenue,with 419 aircraft transporting passengers between 200 destinations.The new company will carry over 62 million passengers per year, according to British Airways executives.Both airlines will, however, continue to operate under their current brand names. British Airways shareholders will take a 55% stake in the new company, while Iberia shareholders will own the remaining 45% stake.
skinny
- 24 Jan 2011 09:50
- 2 of 466
MERGER BETWEEN BRITISH AIRWAYS AND IBERIA
International Consolidated Airlines Group, S.A. - Admission
Earlier today (24 January 2011), the listings of British Airways and Iberia shares were cancelled. IAG shares were admitted to the Official List by the UKLA and to trading on the London Stock Exchange and on the Madrid, Barcelona, Bilbao and Valencia stock exchanges (through the Spanish Stock Exchange Interconnection System) with effect from 8.00 a.m. (London time).
International Consolidated Airlines Group, S.A. - Admission
Earlier today (24 January 2011), the listings of British Airways and Iberia shares were cancelled. IAG shares were admitted to the Official List by the UKLA and to trading on the London Stock Exchange and on the Madrid, Barcelona, Bilbao and Valencia stock exchanges (through the Spanish Stock Exchange Interconnection System) with effect from 8.00 a.m. (London time).
HARRYCAT
- 24 Jan 2011 09:57
- 3 of 466
Presumably have to wait for broker anaysis & valuations now. Was hoping for an initial surge when launched, but not to be.
HARRYCAT
- 24 Jan 2011 12:09
- 4 of 466
Broker note from Merrill lynch:
"Based on the close share prices of BA and Iberia, we estimate the IAG valuation implies a FY 12/11E PE multiple of 16.8x falling to 10x for FY12/12E. We see a potential valuation range between 315p and 350p (3.8 and 4.2) per share, suggesting upside potential. This includes an FY12/11E EV/IC multiple range between 0.32x and 0.34x. At the low end of the range, this would imply FY12/11E and FY12/12E PE multiples of 19.4x (includes only limited synergies) and 11.5x respectively. At the high end of the range, this would imply FY12/11E and FY12/12E PE multiples of 21.4x and 12.7x respectively."
"Based on the close share prices of BA and Iberia, we estimate the IAG valuation implies a FY 12/11E PE multiple of 16.8x falling to 10x for FY12/12E. We see a potential valuation range between 315p and 350p (3.8 and 4.2) per share, suggesting upside potential. This includes an FY12/11E EV/IC multiple range between 0.32x and 0.34x. At the low end of the range, this would imply FY12/11E and FY12/12E PE multiples of 19.4x (includes only limited synergies) and 11.5x respectively. At the high end of the range, this would imply FY12/11E and FY12/12E PE multiples of 21.4x and 12.7x respectively."
skinny
- 10 Feb 2011 10:20
- 5 of 466
International Consolidated Airlines started at Investec as hold, 281p TP
HARRYCAT
- 04 Mar 2011 20:13
- 6 of 466
Looks likely that high oil prices are going to affect their next set of results. Not sure that the broker targets are achievable in the mid term.
skinny
- 06 May 2011 07:41
- 7 of 466
1st Quarter Results.
IAG period highlights:
Operating loss for the quarter to March 31, 2011 of 102 million (2010: operating loss 238 million)
Loss before tax for the quarter of 47 million (2010: loss before tax of 273 million)
Revenue for the quarter rose by 15.4 per cent to 3,636 million (2010: 3,152 million), including 98 million or 3.1 pts of currency translation
Premium yield up 4.4 per cent on top of volume increase of 11.9 per cent
Fuel costs up 30.9 per cent to 1,128 million (2010: 862 million)
Other operating costs up 3.2 per cent at 2,610 million, including 66 million or 2.6 pts of currency translation. Non-fuel unit costs down 5.2 per cent, or 7.6 per cent at constant currency translation
Cash down 35 million to 4,317 million (December 2010: 4,352 million)
Group net debt down 383 million to 512 million (December 2010: 895 million)
IAG period highlights:
Operating loss for the quarter to March 31, 2011 of 102 million (2010: operating loss 238 million)
Loss before tax for the quarter of 47 million (2010: loss before tax of 273 million)
Revenue for the quarter rose by 15.4 per cent to 3,636 million (2010: 3,152 million), including 98 million or 3.1 pts of currency translation
Premium yield up 4.4 per cent on top of volume increase of 11.9 per cent
Fuel costs up 30.9 per cent to 1,128 million (2010: 862 million)
Other operating costs up 3.2 per cent at 2,610 million, including 66 million or 2.6 pts of currency translation. Non-fuel unit costs down 5.2 per cent, or 7.6 per cent at constant currency translation
Cash down 35 million to 4,317 million (December 2010: 4,352 million)
Group net debt down 383 million to 512 million (December 2010: 895 million)
skinny
- 12 May 2011 10:04
- 8 of 466
Just had a punt here with a tight stop, in the hope that today's meeting proves fruitful!
skinny
- 12 May 2011 13:01
- 9 of 466
BA strike: Airline and union agree to end dispute
British Airways and the Unite union have reached an agreement to settle their long-running industrial dispute.
As part of the deal BA has agreed to restore travel concessions to staff who went on strike and to award some lower-paid employees top-up payments.
Both issues were at the centre of the bitter dispute which has lasted for almost two years and involved 22 days of strikes.
The agreement will now be put to a ballot of about 10,000 union members.
British Airways and the Unite union have reached an agreement to settle their long-running industrial dispute.
As part of the deal BA has agreed to restore travel concessions to staff who went on strike and to award some lower-paid employees top-up payments.
Both issues were at the centre of the bitter dispute which has lasted for almost two years and involved 22 days of strikes.
The agreement will now be put to a ballot of about 10,000 union members.
skinny
- 29 Jun 2011 08:08
- 10 of 466
Above 250 (for now).
HARRYCAT
- 29 Jun 2011 08:11
- 11 of 466
Are you now going short?
skinny
- 29 Jun 2011 08:13
- 12 of 466
Harry - I'm still long for my sins.
hlyeo98 - 08 Jul 2011 08:54 - 13 of 466
Sell IAG now at 250p... volcanic ash imminent
skinny
- 29 Jul 2011 07:16
- 14 of 466
Half Yearly Report.
29 July 2011
SIX MONTHS RESULTS ANNOUNCEMENT
International Airlines Group today (July 29) presented Group consolidated results for the six months ended June 30, 2011. In addition, IAG presented combined results for the six months ended June 30, 2011 including Iberia's first 21 days of January.
IAG period highlights on combined results:
-- Second quarter operating profit of EUR190 million, before exceptional items (2010: operating loss EUR71 million). Passenger unit revenue up 9.4 per cent for the quarter and non-fuel unit costs down 5.8 per cent
-- Operating profit for the half year to June 30, 2011 of EUR88m before exceptional items (2010: operating loss EUR309 million)
-- Profit before tax for the half year of EUR39 million (2010: loss before tax of EUR419 million)
-- Revenue for the half year up 17.9 per cent to EUR7,773 million (2010: EUR6,594 million), including EUR76 million or 1.1 per cent currency translation
-- Passenger unit revenue for the half year up 7.5 per cent, on top of volume increases of 10.4 per cent
-- Fuel costs up 34.8 per cent to EUR2,439 million (2010: EUR1,809 million)
-- Other operating costs before exceptional items, up 4.2 per cent at EUR5,307 million, including EUR53 million of adverse currency translation. Non fuel unit costs down 5.6 per cent, or 5.9 per cent at constant currency
-- Cash down EUR161 million to EUR4,191 million (December 2010: EUR4,352 million)
-- Group net debt down EUR415 million to EUR480 million (December 2010: EUR895 million)
29 July 2011
SIX MONTHS RESULTS ANNOUNCEMENT
International Airlines Group today (July 29) presented Group consolidated results for the six months ended June 30, 2011. In addition, IAG presented combined results for the six months ended June 30, 2011 including Iberia's first 21 days of January.
IAG period highlights on combined results:
-- Second quarter operating profit of EUR190 million, before exceptional items (2010: operating loss EUR71 million). Passenger unit revenue up 9.4 per cent for the quarter and non-fuel unit costs down 5.8 per cent
-- Operating profit for the half year to June 30, 2011 of EUR88m before exceptional items (2010: operating loss EUR309 million)
-- Profit before tax for the half year of EUR39 million (2010: loss before tax of EUR419 million)
-- Revenue for the half year up 17.9 per cent to EUR7,773 million (2010: EUR6,594 million), including EUR76 million or 1.1 per cent currency translation
-- Passenger unit revenue for the half year up 7.5 per cent, on top of volume increases of 10.4 per cent
-- Fuel costs up 34.8 per cent to EUR2,439 million (2010: EUR1,809 million)
-- Other operating costs before exceptional items, up 4.2 per cent at EUR5,307 million, including EUR53 million of adverse currency translation. Non fuel unit costs down 5.6 per cent, or 5.9 per cent at constant currency
-- Cash down EUR161 million to EUR4,191 million (December 2010: EUR4,352 million)
-- Group net debt down EUR415 million to EUR480 million (December 2010: EUR895 million)
skinny
- 23 Sep 2011 07:22
- 15 of 466
RNS Number : 8080O
International Cons Airlines Group
23 September 2011
LONDON HEATHROW SLOT PURCHASE
IAG has approved the acquisition by British Airways of six daily slot pairs at London Heathrow from bmi British Midland International.
The slots will be used by British Airways from late October 2011 with the airline looking to expand both its longhaul and shorthaul network at the airport.
ends
September 23, 2011 IAG09
Certain information included in these statements is forward-looking and involves risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward-looking statements.
Forward-looking statements include, without limitation, projections relating to results of operations and financial conditions and the Company's plans and objectives for future operations, including, without limitation, discussions of the Company's Business Plan, expected future revenues, financing plans and expected expenditures and divestments. All forward-looking statements in this report are based upon information known to the Company on the date of this report. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
It is not reasonably possible to itemise all of the many factors and specific events that could cause the Company's forward-looking statements to be incorrect or that could otherwise have a material adverse effect on the future operations or results of an airline operating in the global economy. Further information on some of the most important risks in this regard is given in the shareholder documentation in respect of the merger issued on October 26, 2010 and in the Securities Note and Summary issued on January 10, 2011; these documents are available on www.iagshares.com.
International Cons Airlines Group
23 September 2011
LONDON HEATHROW SLOT PURCHASE
IAG has approved the acquisition by British Airways of six daily slot pairs at London Heathrow from bmi British Midland International.
The slots will be used by British Airways from late October 2011 with the airline looking to expand both its longhaul and shorthaul network at the airport.
ends
September 23, 2011 IAG09
Certain information included in these statements is forward-looking and involves risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward-looking statements.
Forward-looking statements include, without limitation, projections relating to results of operations and financial conditions and the Company's plans and objectives for future operations, including, without limitation, discussions of the Company's Business Plan, expected future revenues, financing plans and expected expenditures and divestments. All forward-looking statements in this report are based upon information known to the Company on the date of this report. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
It is not reasonably possible to itemise all of the many factors and specific events that could cause the Company's forward-looking statements to be incorrect or that could otherwise have a material adverse effect on the future operations or results of an airline operating in the global economy. Further information on some of the most important risks in this regard is given in the shareholder documentation in respect of the merger issued on October 26, 2010 and in the Securities Note and Summary issued on January 10, 2011; these documents are available on www.iagshares.com.
skinny
- 04 Nov 2011 07:38
- 16 of 466
3rd Quarter Results.
International Airlines Group today (November 4) presented Group results for the three and nine months ended September 30, 2011. In addition, IAG presented combined results for the nine months ended September 30, 2011 including Iberia's first 21 days of January.
IAG period highlights on combined results:
Third quarter operating profit of 363 million, before exceptional items (2010: 528 million)
Operating profit for the nine months to September 30, 2011 of 451 million, before exceptional items (2010: 219 million)
Profit before tax for the nine months of 355 million after exceptional items (2010: 63 million)
Revenue for the nine months up 11.6 per cent to 12,263 million (2010: 10,986 million), including 146 million or 1.3 per cent of adverse currency translation
Passenger unit revenue for the nine months up 4.1 per cent (6.7 per cent at constant currency), on top of capacity increases of 7.7 per cent
Fuel costs for the nine months up 28.5 per cent to 3,751 million, before exceptional items (2010: 2,919 million)
Other operating costs up 2.7 per cent at 8,061 million, before exceptional items, including 122 million or 1.0 per cent of favourable currency translation. Non fuel unit costs down 4.7 per cent, or 3.4 per cent at constant currency
Cash down 200 million to 4,152 million (December 2010: 4,352 million)
Group net debt down 293 million to 602 million (December 2010: 895 million)
International Airlines Group today (November 4) presented Group results for the three and nine months ended September 30, 2011. In addition, IAG presented combined results for the nine months ended September 30, 2011 including Iberia's first 21 days of January.
IAG period highlights on combined results:
Third quarter operating profit of 363 million, before exceptional items (2010: 528 million)
Operating profit for the nine months to September 30, 2011 of 451 million, before exceptional items (2010: 219 million)
Profit before tax for the nine months of 355 million after exceptional items (2010: 63 million)
Revenue for the nine months up 11.6 per cent to 12,263 million (2010: 10,986 million), including 146 million or 1.3 per cent of adverse currency translation
Passenger unit revenue for the nine months up 4.1 per cent (6.7 per cent at constant currency), on top of capacity increases of 7.7 per cent
Fuel costs for the nine months up 28.5 per cent to 3,751 million, before exceptional items (2010: 2,919 million)
Other operating costs up 2.7 per cent at 8,061 million, before exceptional items, including 122 million or 1.0 per cent of favourable currency translation. Non fuel unit costs down 4.7 per cent, or 3.4 per cent at constant currency
Cash down 200 million to 4,152 million (December 2010: 4,352 million)
Group net debt down 293 million to 602 million (December 2010: 895 million)
skinny
- 04 Nov 2011 07:50
- 17 of 466
IAG AND LUFTHANSA AGREEMENT IN PRINCIPLE ON BMI
RNS Number : 5082R
International Cons Airlines Group
04 November 2011
IAG AND LUFTHANSA REACH AGREEMENT IN PRINCIPLE ON THE SALE OF BRITISH MIDLAND LTD
International Airlines Group (IAG) and Deutsche Lufthansa AG (Lufthansa) have today reached an agreement in principle for the sale of British Midland Ltd (BMI) to IAG.
The sale and closing of the deal remain subject to conditions including a binding purchase agreement, further due diligence and regulatory clearances. It is envisaged that the purchase agreement will be signed in the coming weeks and the aim is for the transaction to be completed in the first quarter of 2012.
ends
RNS Number : 5082R
International Cons Airlines Group
04 November 2011
IAG AND LUFTHANSA REACH AGREEMENT IN PRINCIPLE ON THE SALE OF BRITISH MIDLAND LTD
International Airlines Group (IAG) and Deutsche Lufthansa AG (Lufthansa) have today reached an agreement in principle for the sale of British Midland Ltd (BMI) to IAG.
The sale and closing of the deal remain subject to conditions including a binding purchase agreement, further due diligence and regulatory clearances. It is envisaged that the purchase agreement will be signed in the coming weeks and the aim is for the transaction to be completed in the first quarter of 2012.
ends
skinny
- 11 Nov 2011 07:18
- 18 of 466
INTERNATIONAL AIRLINES GROUP CAPITAL MARKETS DAY
At its inaugural Capital Markets Day today (November 11, 2011) IAG will release the following new financial information to the market:
An operating profit target of around 1.5 billion in 2015 achieved through an increase from 400 million to 450 million in annual synergy targets from year five, structural profit improvements of 400 million plus organic growth of 150 million.
Specific areas of financial benefit including the creation of Iberia Express (at least 100 million), hub improvements at Madrid Barajas (at least 100 million).
From a 2010 base, we expect the optimisation of the transatlantic joint business with American Airlines to deliver at least 150 million.
Planned capital expenditure programme of 1.1 billion in 2011, 1.6 billion in 2012, 2.0 billion in 2013, 1.35 billion in 2014, 1.6 billion in 2015.
Cost efficiency gains from the introduction of new aircraft into the fleet of around 250 million.
Organic capacity growth rate of 2.5 per cent per annum up to 2015.
EU emissions trading costs of 90 million in year one of the scheme at current
carbon prices.
View into 2012: at todays spot fuel price, we would expect around 14% growth in unit fuel costs; we expect unit costs ex-fuel to be flat; we plan to grow capacity by 2.5%.
At its inaugural Capital Markets Day today (November 11, 2011) IAG will release the following new financial information to the market:
An operating profit target of around 1.5 billion in 2015 achieved through an increase from 400 million to 450 million in annual synergy targets from year five, structural profit improvements of 400 million plus organic growth of 150 million.
Specific areas of financial benefit including the creation of Iberia Express (at least 100 million), hub improvements at Madrid Barajas (at least 100 million).
From a 2010 base, we expect the optimisation of the transatlantic joint business with American Airlines to deliver at least 150 million.
Planned capital expenditure programme of 1.1 billion in 2011, 1.6 billion in 2012, 2.0 billion in 2013, 1.35 billion in 2014, 1.6 billion in 2015.
Cost efficiency gains from the introduction of new aircraft into the fleet of around 250 million.
Organic capacity growth rate of 2.5 per cent per annum up to 2015.
EU emissions trading costs of 90 million in year one of the scheme at current
carbon prices.
View into 2012: at todays spot fuel price, we would expect around 14% growth in unit fuel costs; we expect unit costs ex-fuel to be flat; we plan to grow capacity by 2.5%.
HARRYCAT
- 22 Nov 2011 12:56
- 19 of 466
.
skinny
- 22 Nov 2011 13:18
- 20 of 466
This won't be helping today - Iberia pilots to vote on strike over new airline
Nov 22 (Reuters) - The pilots and crew of Spanish air carrier Iberia will decide on Nov. 30 whether to take strike action against the company's plans to launch a low-cost carrier with new, and cheaper, personnel, a union spokesman said.
Nov 22 (Reuters) - The pilots and crew of Spanish air carrier Iberia will decide on Nov. 30 whether to take strike action against the company's plans to launch a low-cost carrier with new, and cheaper, personnel, a union spokesman said.
skinny
- 29 Nov 2011 14:53
- 21 of 466
American Airlines files for Chapter 11 protection
American Airlines' parent company AMR Corporation has filed for Chapter 11 bankruptcy protection in an attempt to cut debt and reduce labour costs.
The company expects the airline to continue to operate as normal throughout the bankruptcy process.
American Airlines' parent company AMR Corporation has filed for Chapter 11 bankruptcy protection in an attempt to cut debt and reduce labour costs.
The company expects the airline to continue to operate as normal throughout the bankruptcy process.
skinny
- 22 Dec 2011 07:33
- 22 of 466
BINDING AGREEMENT FOR BMI PURCHASE
Following the announcement on November 4, 2011, International Airlines Group (IAG) and Deutsche Lufthansa AG (Lufthansa) have today reached a binding agreement for IAG to acquire British Midland Limited (bmi). The cost is £172.5 million in cash though the price is subject to significant reductions. bmi consists of three distinct business units - bmi mainline, bmi regional and bmibaby.
Transaction highlights:
· Acquisition of bmi for £172.5million in cash
· IAG's Heathrow slot portfolio to increase by up to 56 additional daily slot pairs
· Lufthansa to take on bmi's defined benefit pension scheme
· Lufthansa has the option to sell bmi regional and bmibaby before completion
· Significant price reduction if Lufthansa does not opt to sell bmibaby before completion
· Deal subject to competition clearance
· Earnings per share (EPS) accretive by 2014 at the latest
· 2015 operating profit target of €1.5 billion to increase by more than €100 million with consequent increase in EPS
· Underpins goal of 12 per cent return on capital employed by 2015
· Restructuring costs spread over three years and significantly lower in total than bmi's current annual losses
Following the announcement on November 4, 2011, International Airlines Group (IAG) and Deutsche Lufthansa AG (Lufthansa) have today reached a binding agreement for IAG to acquire British Midland Limited (bmi). The cost is £172.5 million in cash though the price is subject to significant reductions. bmi consists of three distinct business units - bmi mainline, bmi regional and bmibaby.
Transaction highlights:
· Acquisition of bmi for £172.5million in cash
· IAG's Heathrow slot portfolio to increase by up to 56 additional daily slot pairs
· Lufthansa to take on bmi's defined benefit pension scheme
· Lufthansa has the option to sell bmi regional and bmibaby before completion
· Significant price reduction if Lufthansa does not opt to sell bmibaby before completion
· Deal subject to competition clearance
· Earnings per share (EPS) accretive by 2014 at the latest
· 2015 operating profit target of €1.5 billion to increase by more than €100 million with consequent increase in EPS
· Underpins goal of 12 per cent return on capital employed by 2015
· Restructuring costs spread over three years and significantly lower in total than bmi's current annual losses
skinny
- 26 Jan 2012 11:13
- 23 of 466
Finally showing some upside and near October highs.
;MA(100);AreaBB(26,2)&IND=VOLMA(60);RSI(14);MACD(26,12,9)&Layout=2Line;Default;Price;HisDate&XCycle=&XFormat=)
skinny
- 26 Jan 2012 11:19
- 24 of 466
Nomura reiterates Buy TP 265.00p
skinny
- 05 Feb 2012 11:41
- 25 of 466
IAG Jan traffic up 1.1 percent
(Reuters) - International Airlines Group, formed by the merger of BA and Iberia, posted a small rise in traffic in January, boosted by strong growth in first and business class passengers.
Traffic, measured in revenue passenger kilometres (RPK), rose by 1.1 percent versus January 2011, while passenger load factor -- a measure of how well it fills its planes -- was up 200 basis points at 75.7 percent, it said on Friday.
IAG said its first and business-class travel -- the most profitable part of its passenger business - rose 3.8 percent, while non-premium traffic was up 0.7 percent.
(Reuters) - International Airlines Group, formed by the merger of BA and Iberia, posted a small rise in traffic in January, boosted by strong growth in first and business class passengers.
Traffic, measured in revenue passenger kilometres (RPK), rose by 1.1 percent versus January 2011, while passenger load factor -- a measure of how well it fills its planes -- was up 200 basis points at 75.7 percent, it said on Friday.
IAG said its first and business-class travel -- the most profitable part of its passenger business - rose 3.8 percent, while non-premium traffic was up 0.7 percent.
skinny
- 29 Feb 2012 07:19
- 26 of 466
Final Results.
FULL YEAR RESULTS ANNOUNCEMENT
International Airlines Group today (February 29, 2012) presented Group consolidated results for the year ended December 31, 2011. In addition, IAG presented combined results for the year ended December 31, 2011 including Iberia's first 21 days of January.
IAG period highlights on combined results:
· Fourth quarter operating profit of €34 million, before exceptional items (2010: €6 million)
· Operating profit for the year to December 31, 2011 of €485 million, before exceptional items (2010: €225 million)
· Profit before tax for the year of €503 million after exceptional items (2010: €84 million)
· Revenue for the year up 10.4 per cent to €16,339 million (2010: €14,798 million), including €317 million or 2.1 per cent of adverse currency impact
· Passenger unit revenue for the year up 3.6 per cent (5.8 per cent at constant currency), on top of capacity increases of 7.1 per cent
· Fuel costs for the year up 29.7 per cent to €5,068 million, before exceptional items (2010: €3,907 million), fuel unit costs were up 21.4 per cent
· Other operating costs up 1.1 per cent at €10,786 million, before exceptional items, including €165 million or 1.5 per cent of favourable currency impact. Non-fuel unit costs down 5.6 per cent, or 4.1 per cent at constant currency
· Cash down €617 million for the year to €3,735 million
· Group net debt up €253 million in the year to €1,148 million
FULL YEAR RESULTS ANNOUNCEMENT
International Airlines Group today (February 29, 2012) presented Group consolidated results for the year ended December 31, 2011. In addition, IAG presented combined results for the year ended December 31, 2011 including Iberia's first 21 days of January.
IAG period highlights on combined results:
· Fourth quarter operating profit of €34 million, before exceptional items (2010: €6 million)
· Operating profit for the year to December 31, 2011 of €485 million, before exceptional items (2010: €225 million)
· Profit before tax for the year of €503 million after exceptional items (2010: €84 million)
· Revenue for the year up 10.4 per cent to €16,339 million (2010: €14,798 million), including €317 million or 2.1 per cent of adverse currency impact
· Passenger unit revenue for the year up 3.6 per cent (5.8 per cent at constant currency), on top of capacity increases of 7.1 per cent
· Fuel costs for the year up 29.7 per cent to €5,068 million, before exceptional items (2010: €3,907 million), fuel unit costs were up 21.4 per cent
· Other operating costs up 1.1 per cent at €10,786 million, before exceptional items, including €165 million or 1.5 per cent of favourable currency impact. Non-fuel unit costs down 5.6 per cent, or 4.1 per cent at constant currency
· Cash down €617 million for the year to €3,735 million
· Group net debt up €253 million in the year to €1,148 million
skinny
- 02 Apr 2012 06:41
- 27 of 466
Announced after Friday's close - REGULATORY APPROVAL FOR BMI DEAL
The European Commission (EC) has today given regulatory approval for International Airlines Group's purchase of bmi from Lufthansa.
Some technical conditions need to be finalised before completion, which is anticipated to take place around April 20, 2012. Following completion, it is intended that bmi mainline will be integrated into British Airways during the coming months.
IAG has offered the following commitments to the EC as part of the regulatory process:
· Seven daily slot pairs to be used between Heathrow and either Edinburgh and/or Aberdeen.
· Five daily slot pairs to be used between Heathrow and the following destinations - Nice, Cairo, Riyadh, Moscow, Edinburgh and/or Aberdeen.
· Two Heathrow daily slot pairs will be leased to Transaero for use on flights to Moscow.
· Other airlines can apply for seats on the integrated BA/bmi short and midhaul network for their transfer passengers, on normal commercial terms.
The European Commission (EC) has today given regulatory approval for International Airlines Group's purchase of bmi from Lufthansa.
Some technical conditions need to be finalised before completion, which is anticipated to take place around April 20, 2012. Following completion, it is intended that bmi mainline will be integrated into British Airways during the coming months.
IAG has offered the following commitments to the EC as part of the regulatory process:
· Seven daily slot pairs to be used between Heathrow and either Edinburgh and/or Aberdeen.
· Five daily slot pairs to be used between Heathrow and the following destinations - Nice, Cairo, Riyadh, Moscow, Edinburgh and/or Aberdeen.
· Two Heathrow daily slot pairs will be leased to Transaero for use on flights to Moscow.
· Other airlines can apply for seats on the integrated BA/bmi short and midhaul network for their transfer passengers, on normal commercial terms.
halifax - 18 Apr 2012 16:48 - 28 of 466
merger with Iberia beginning to look like a big mistake by "willie wanker".
skinny
- 19 Apr 2012 08:47
- 29 of 466
BA fuel surcharge fine cut by OFT to £58.5m
The Office of Fair Trading (OFT) has sharply reduced a fine imposed on British Airways for price-fixing.
The original fine, imposed in 2007, was £121.5m, but the OFT has reduced that to £58.5m.
The Office of Fair Trading (OFT) has sharply reduced a fine imposed on British Airways for price-fixing.
The original fine, imposed in 2007, was £121.5m, but the OFT has reduced that to £58.5m.
skinny
- 20 Apr 2012 07:09
- 30 of 466
BMI DEAL COMPLETED
International Airlines Group (IAG) has completed the purchase of bmi from Lufthansa.
It is planned that bmi mainline will be integrated into British Airways and consultation has begun already with bmi mainline staff and their trade unions.
bmibaby and bmi regional have not been sold prior to completion. Under the terms of the purchase agreement, IAG will also acquire these businesses and receive a significant price reduction.
As previously stated, bmibaby and bmi regional are not part of IAG's long term plans and will not be integrated into British Airways. IAG will pursue options to exit these businesses and more details will be provided in due course. The costs associated with exiting these businesses, including the impact of operating them in the short term, are expected to be offset by the price reduction.
IAG will update investors about the bmi integration plan at its Q1 results on May 11, 2012.
ends
International Airlines Group (IAG) has completed the purchase of bmi from Lufthansa.
It is planned that bmi mainline will be integrated into British Airways and consultation has begun already with bmi mainline staff and their trade unions.
bmibaby and bmi regional have not been sold prior to completion. Under the terms of the purchase agreement, IAG will also acquire these businesses and receive a significant price reduction.
As previously stated, bmibaby and bmi regional are not part of IAG's long term plans and will not be integrated into British Airways. IAG will pursue options to exit these businesses and more details will be provided in due course. The costs associated with exiting these businesses, including the impact of operating them in the short term, are expected to be offset by the price reduction.
IAG will update investors about the bmi integration plan at its Q1 results on May 11, 2012.
ends
skinny
- 24 Apr 2012 12:26
- 31 of 466
Credit Suisse Upgrades to Outperform TP 195.00.
skinny
- 10 May 2012 10:16
- 32 of 466
RNS Number : 0646D
International Cons Airlines Group
10 May 2012
BMI REGIONAL SALE
International Airlines Group (IAG) has signed a binding agreement to sell bmi Regional to Sector Aviation Holdings Ltd (SAH) for a total consideration of GBP8 million in cash. The sale includes all bmi Regional's fixed assets and long-term liabilities, including owned and operating lease aircraft.
bmi Regional operates a fleet of 18 Embraer regional jets on scheduled services throughout the UK and Northern Europe.
The sale is conditional upon CAA approval and it is anticipated that ownership will be transferred to SAH within two weeks.
IAG chief executive Willie Walsh said: "This deal provides a future for bmi Regional and should secure around 330 jobs".
Sector Aviation is a consortium of businessmen with considerable aviation experience including the team previously referred to as Granite Aviation, led by Ian Woodley. The business is being funded by Stephen and Peter Bond who are also investors in Loganair.
ends
International Cons Airlines Group
10 May 2012
BMI REGIONAL SALE
International Airlines Group (IAG) has signed a binding agreement to sell bmi Regional to Sector Aviation Holdings Ltd (SAH) for a total consideration of GBP8 million in cash. The sale includes all bmi Regional's fixed assets and long-term liabilities, including owned and operating lease aircraft.
bmi Regional operates a fleet of 18 Embraer regional jets on scheduled services throughout the UK and Northern Europe.
The sale is conditional upon CAA approval and it is anticipated that ownership will be transferred to SAH within two weeks.
IAG chief executive Willie Walsh said: "This deal provides a future for bmi Regional and should secure around 330 jobs".
Sector Aviation is a consortium of businessmen with considerable aviation experience including the team previously referred to as Granite Aviation, led by Ian Woodley. The business is being funded by Stephen and Peter Bond who are also investors in Loganair.
ends
skinny
- 11 May 2012 07:05
- 33 of 466
1st Quarter Results.
IAG period highlights on combined results:
· First quarter operating loss of €249 million, before exceptional items (2011: €102 million loss)
· Loss before tax for the quarter of €263 million (2011: €47 million loss)
· Revenue for the quarter up 7.8 per cent to €3,919 million (2011: €3,636 million), including €40 million or 1.1 per cent of favourable currency impact
· Passenger unit revenue for the quarter up 8.5 per cent (7.3 per cent at constant currency), on top of capacity increases of 0.6 per cent
· Fuel costs for the quarter up 24.9 per cent to €1,409 million (2011: €1,128 million), fuel unit costs were up 24.0 per cent
· Non-fuel costs before exceptional items for the quarter up 5.7 per cent at €2,759 million, including €32 million or 1.2 per cent of adverse currency impact. Non-fuel unit costs up 5.1 per cent, or 3.7 per cent at constant currency
· Cash of €3,574 million at quarter end was down €161 million
· Group net debt down €19 million in the quarter to €1,129 million
IAG period highlights on combined results:
· First quarter operating loss of €249 million, before exceptional items (2011: €102 million loss)
· Loss before tax for the quarter of €263 million (2011: €47 million loss)
· Revenue for the quarter up 7.8 per cent to €3,919 million (2011: €3,636 million), including €40 million or 1.1 per cent of favourable currency impact
· Passenger unit revenue for the quarter up 8.5 per cent (7.3 per cent at constant currency), on top of capacity increases of 0.6 per cent
· Fuel costs for the quarter up 24.9 per cent to €1,409 million (2011: €1,128 million), fuel unit costs were up 24.0 per cent
· Non-fuel costs before exceptional items for the quarter up 5.7 per cent at €2,759 million, including €32 million or 1.2 per cent of adverse currency impact. Non-fuel unit costs up 5.1 per cent, or 3.7 per cent at constant currency
· Cash of €3,574 million at quarter end was down €161 million
· Group net debt down €19 million in the quarter to €1,129 million
skinny
- 21 Jun 2012 11:12
- 34 of 466
skinny
- 04 Jul 2012 16:52
- 35 of 466
INTERNATIONAL AIRLINES GROUP
JUNE 2012 - GROUP TRAFFIC AND CAPACITY STATISTICS
§ In June 2012, Group traffic measured in Revenue Passenger Kilometres rose by 8.9 per cent versus June 2011 (up 5.9 per cent on a like for like basis); Group capacity measured in Available Seat Kilometres was up 5.8 per cent (up 2.6 per cent on a like for like basis).
§ Group premium traffic for the month of June grew by 5.3 per cent compared to the previous year, with 9.6 per cent growth in non-premium traffic.
§ Underlying market conditions remain unchanged from last month. As we had indicated earlier in the year there is likely to be some near-term softness in premium traffic due to the Olympic Games.
JUNE 2012 - GROUP TRAFFIC AND CAPACITY STATISTICS
§ In June 2012, Group traffic measured in Revenue Passenger Kilometres rose by 8.9 per cent versus June 2011 (up 5.9 per cent on a like for like basis); Group capacity measured in Available Seat Kilometres was up 5.8 per cent (up 2.6 per cent on a like for like basis).
§ Group premium traffic for the month of June grew by 5.3 per cent compared to the previous year, with 9.6 per cent growth in non-premium traffic.
§ Underlying market conditions remain unchanged from last month. As we had indicated earlier in the year there is likely to be some near-term softness in premium traffic due to the Olympic Games.
skinny
- 30 Jul 2012 15:32
- 36 of 466
skinny
- 02 Aug 2012 11:52
- 37 of 466
Link copied from elsewhere.
Mark Warner uses BA flights for ski season
Mark Warner has extended its agreement with British Airways using the airline for its ski season for the first time due to positive customer feedback.
The airline will operate 65% of the tour operator's Heathrow and Gatwick charter flights into Grenoble, Geneva and Friedrichafen for the 2012/13 Ski season.
Mark Warner uses BA flights for ski season
Mark Warner has extended its agreement with British Airways using the airline for its ski season for the first time due to positive customer feedback.
The airline will operate 65% of the tour operator's Heathrow and Gatwick charter flights into Grenoble, Geneva and Friedrichafen for the 2012/13 Ski season.
skinny
- 02 Aug 2012 15:12
- 38 of 466
RNS Number : 1914J
International Cons Airlines Group
02 August 2012
International Consolidated AIRLINES GROUP, S.A.
Board member appointment
The Board of Directors of International Consolidated Airlines Group, S.A. ("IAG") has appointed Manuel Lagares Gomez-Abascal as a proprietary non-executive board director. He is the nominated candidate of IAG's shareholder, Bankia SA, following the resignation of Rodrigo de Rato y Figaredo.
Mr Lagares Gomez-Abascal's will be subject to re-election at the next IAG General Shareholders' Meeting.
This Notification is made in accordance with LR 9.6.11.
IAG Investor Relations
International Cons Airlines Group
02 August 2012
International Consolidated AIRLINES GROUP, S.A.
Board member appointment
The Board of Directors of International Consolidated Airlines Group, S.A. ("IAG") has appointed Manuel Lagares Gomez-Abascal as a proprietary non-executive board director. He is the nominated candidate of IAG's shareholder, Bankia SA, following the resignation of Rodrigo de Rato y Figaredo.
Mr Lagares Gomez-Abascal's will be subject to re-election at the next IAG General Shareholders' Meeting.
This Notification is made in accordance with LR 9.6.11.
IAG Investor Relations
skinny
- 03 Aug 2012 07:20
- 39 of 466
Half Yearly Report
IAG period highlights on combined results:
· Second quarter operating loss of €4 million, before exceptional items (2011: operating profit €190 million)
· Operating loss for the half year of €253 million before exceptional items (2011: operating profit €88 million)
· British Airways made an operating profit, after exceptional items, of €13 million in the half year to June 30, 2012 and Iberia made an operating loss of €263 million
· Loss before tax for the half year of €390 million (2011: profit before tax of €39 million)
· Revenue for the half year up 9.8 per cent to €8,532 million (2011: €7,773 million), including €278 million or 3.6 per cent currency impact
· Passenger unit revenue for the half year up 8.9 per cent, on top of capacity increases of 2.6 per cent
· Fuel costs up 25.0 per cent to €2,973 million (2011: €2,378 million before exceptional items)
· Non fuel costs before exceptional items, up 9.5 per cent at €5,812 million, including €198 million of adverse currency impact. Non-fuel unit costs up 6.7 per cent, or 3.0 per cent at constant currency
· Cash of €4,013 million at June 30, 2012 was up €278 million on 2011 year end (December 2011: €3,735 million)
· Group net debt up €160 million to €1,308 million (December 2011: €1,148 million)
Traffic Statistics July 2012
IAG period highlights on combined results:
· Second quarter operating loss of €4 million, before exceptional items (2011: operating profit €190 million)
· Operating loss for the half year of €253 million before exceptional items (2011: operating profit €88 million)
· British Airways made an operating profit, after exceptional items, of €13 million in the half year to June 30, 2012 and Iberia made an operating loss of €263 million
· Loss before tax for the half year of €390 million (2011: profit before tax of €39 million)
· Revenue for the half year up 9.8 per cent to €8,532 million (2011: €7,773 million), including €278 million or 3.6 per cent currency impact
· Passenger unit revenue for the half year up 8.9 per cent, on top of capacity increases of 2.6 per cent
· Fuel costs up 25.0 per cent to €2,973 million (2011: €2,378 million before exceptional items)
· Non fuel costs before exceptional items, up 9.5 per cent at €5,812 million, including €198 million of adverse currency impact. Non-fuel unit costs up 6.7 per cent, or 3.0 per cent at constant currency
· Cash of €4,013 million at June 30, 2012 was up €278 million on 2011 year end (December 2011: €3,735 million)
· Group net debt up €160 million to €1,308 million (December 2011: €1,148 million)
Traffic Statistics July 2012
skinny
- 06 Sep 2012 07:08
- 40 of 466
IAG and Qantas to terminate joint business
International Airlines Group's wholly owned subsidiary British Airways and Qantas have agreed to terminate their joint business from March 31, 2013. This follows Qantas' announcement that it is entering a new global partnership with Emirates.
The joint business was established in 1995 to enable close commercial cooperation on British Airways and Qantas' services between the UK and Australia. The airlines will continue to work together as part of the oneworld alliance and through bilateral codeshares.
International Airlines Group's wholly owned subsidiary British Airways and Qantas have agreed to terminate their joint business from March 31, 2013. This follows Qantas' announcement that it is entering a new global partnership with Emirates.
The joint business was established in 1995 to enable close commercial cooperation on British Airways and Qantas' services between the UK and Australia. The airlines will continue to work together as part of the oneworld alliance and through bilateral codeshares.
prodman - 07 Sep 2012 07:53 - 41 of 466
Deleted, big, big mistake :-)
skinny
- 07 Sep 2012 08:04
- 42 of 466
Prodman - are you confusing AIG with IAG?
prodman - 07 Sep 2012 08:05 - 43 of 466
Skinny, I'm going back to bed. :-)
skinny
- 07 Sep 2012 08:06
- 44 of 466
:-)
skinny
- 03 Oct 2012 10:42
- 45 of 466
Finally back above 160p/200ma!
;MA(50);MA(200);AreaBB(26,2)&IND=VOLMA(60);RSI(14);MACD(26,12,9)&Layout=2Line;Default;Price;HisDate&XCycle=&XFormat=)
skinny
- 17 Oct 2012 13:58
- 46 of 466
Gatwick airport to study second runway plans
LONDON | Wed Oct 17, 2012 12:53pm BST
(Reuters) - Gatwick airport is studying options to build a second runway and intends to submit the findings to a government under pressure to resolve the country's air capacity crisis.
A second runway cannot be built at London's second largest airport, which moves around 34 million passengers a year through its two terminals, before 2019 under a long-standing local agreement.
However, bosses at Gatwick, owned by Global Infrastructure Partners, on Wednesday said they were now looking at the implications of building a new runway. They plan to evaluate the environmental, surface access and economic impacts of various runway options.
LONDON | Wed Oct 17, 2012 12:53pm BST
(Reuters) - Gatwick airport is studying options to build a second runway and intends to submit the findings to a government under pressure to resolve the country's air capacity crisis.
A second runway cannot be built at London's second largest airport, which moves around 34 million passengers a year through its two terminals, before 2019 under a long-standing local agreement.
However, bosses at Gatwick, owned by Global Infrastructure Partners, on Wednesday said they were now looking at the implications of building a new runway. They plan to evaluate the environmental, surface access and economic impacts of various runway options.
skinny
- 05 Nov 2012 12:00
- 47 of 466
Burgeoning golden cross and looking for a close above 170.
;MA(50);MA(200);AreaBB(26,2)&IND=RSI(14);MTM(6,6);VOLMA(60)&Layout=2Line;Default;Price;HisDate&XCycle=&XFormat=)
skinny
- 06 Nov 2012 15:29
- 48 of 466
Traffic Statistics October 2012
OCTOBER 2012 - GROUP TRAFFIC AND CAPACITY STATISTICS
§ In October 2012, Group traffic measured in Revenue Passenger Kilometres rose by 3.2 per cent versus October 2011 (up 1.7 per cent on a like for like basis); Group capacity measured in Available Seat Kilometres was up 2.7 per cent (up 0.8 per cent on a like for like basis).
§ Taking account of Hurricane Sandy capacity, Group capacity would have risen by 3.4 per cent on an underlying basis.
§ Group premium traffic for the month of October grew by 3.2 per cent compared to the previous year, with 3.2 per cent growth in non-premium traffic
§ Latest outlook to be provided with Q3 results on November 9th.
OCTOBER 2012 - GROUP TRAFFIC AND CAPACITY STATISTICS
§ In October 2012, Group traffic measured in Revenue Passenger Kilometres rose by 3.2 per cent versus October 2011 (up 1.7 per cent on a like for like basis); Group capacity measured in Available Seat Kilometres was up 2.7 per cent (up 0.8 per cent on a like for like basis).
§ Taking account of Hurricane Sandy capacity, Group capacity would have risen by 3.4 per cent on an underlying basis.
§ Group premium traffic for the month of October grew by 3.2 per cent compared to the previous year, with 3.2 per cent growth in non-premium traffic
§ Latest outlook to be provided with Q3 results on November 9th.
skinny
- 08 Nov 2012 07:22
- 49 of 466
IAG STATEMENT ON VUELING
Following media reports, International Consolidated Airlines Group, S.A. (IAG) can confirm that it is considering making an offer for 100 per cent of the share capital of Vueling Airlines, S.A. (Vueling).
The IAG board will be considering the matter tomorrow (November 8, 2012) but no decision to make an offer has yet been reached nor, accordingly, on any of its potential terms, including in particular the price. Further announcements will be made in due course when a decision is made.
IAG's subsidiary Iberia L.A.E. Operadora, S.A. has a 45.85 per cent shareholding in Vueling.
ends
Following media reports, International Consolidated Airlines Group, S.A. (IAG) can confirm that it is considering making an offer for 100 per cent of the share capital of Vueling Airlines, S.A. (Vueling).
The IAG board will be considering the matter tomorrow (November 8, 2012) but no decision to make an offer has yet been reached nor, accordingly, on any of its potential terms, including in particular the price. Further announcements will be made in due course when a decision is made.
IAG's subsidiary Iberia L.A.E. Operadora, S.A. has a 45.85 per cent shareholding in Vueling.
ends
skinny
- 08 Nov 2012 16:12
- 50 of 466
skinny
- 09 Nov 2012 07:02
- 51 of 466
3rd Quarter Results
NINE MONTHS RESULTS ANNOUNCEMENT
International Consolidated Airlines Group (IAG) today (November 9, 2012) presented Group consolidated results for the nine months ended September 30, 2012 and 2011. In addition, IAG presented combined results for the nine months comparative period ended September 30, 2011, including Iberia's first 21 days of January 2011.
IAG period highlights:
• Third quarter operating profit of €270 million, before exceptional items, €301 million excluding bmi (2011: operating profit €363 million, before exceptional items)
• Passenger unit revenue up 9.1 per cent for the quarter, flat at constant currency
• Fuel unit costs up 15.4 per cent for the quarter, up 1.6 per cent at constant currency
• Non fuel unit costs before exceptional items up 8.5 per cent for the quarter, up 1.6 per cent at constant currency
• IAG made an operating profit in the nine months of €17 million, British Airways an operating profit of €286 million, and Iberia an operating loss of €262 million
• Passenger revenue in the nine months up 12.7 per cent, passenger unit revenue up 9.1 per cent, on top of volume increases of 3.3 per cent
• Fuel costs up 23.5 per cent to €4,633 million (2011: €3,751 million before exceptional items)
• Non fuel costs before exceptional items, up 10.9 per cent. Non fuel unit costs up 7.4 per cent, or 2.6 per cent at constant currency
• Cash for the nine months down €170 million to €3,565 million, net debt up €360 million to €1,508 million, adjusted gearing up 1pt to 45 per cent
NINE MONTHS RESULTS ANNOUNCEMENT
International Consolidated Airlines Group (IAG) today (November 9, 2012) presented Group consolidated results for the nine months ended September 30, 2012 and 2011. In addition, IAG presented combined results for the nine months comparative period ended September 30, 2011, including Iberia's first 21 days of January 2011.
IAG period highlights:
• Third quarter operating profit of €270 million, before exceptional items, €301 million excluding bmi (2011: operating profit €363 million, before exceptional items)
• Passenger unit revenue up 9.1 per cent for the quarter, flat at constant currency
• Fuel unit costs up 15.4 per cent for the quarter, up 1.6 per cent at constant currency
• Non fuel unit costs before exceptional items up 8.5 per cent for the quarter, up 1.6 per cent at constant currency
• IAG made an operating profit in the nine months of €17 million, British Airways an operating profit of €286 million, and Iberia an operating loss of €262 million
• Passenger revenue in the nine months up 12.7 per cent, passenger unit revenue up 9.1 per cent, on top of volume increases of 3.3 per cent
• Fuel costs up 23.5 per cent to €4,633 million (2011: €3,751 million before exceptional items)
• Non fuel costs before exceptional items, up 10.9 per cent. Non fuel unit costs up 7.4 per cent, or 2.6 per cent at constant currency
• Cash for the nine months down €170 million to €3,565 million, net debt up €360 million to €1,508 million, adjusted gearing up 1pt to 45 per cent
skinny
- 09 Nov 2012 07:09
- 52 of 466
IBERIA'S TRANSFORMATION PLAN
Transformation Plan Highlights:
· Stem Iberia's cash losses by mid-2013;
· Turnaround in profitability of at least €600 million from 2012 levels to align Iberia with IAG's target return on capital of 12 per cent by 2015;
· Network capacity cut by 15 per cent in 2013 to focus on profitable routes
· Downsizing its fleet by 25 aircraft - five long haul and 20 short haul.
· Reduction of 4,500 jobs to safeguard around 15,500 posts across the airline. This is in line with capacity cuts and improved productivity across the airline.
· New commercial initiatives to boost unit revenues including increased ancillary sales and website redesign.
· Discontinue non-profitable third party maintenance and retain profitable ground handling services outside Madrid.
· The transformation will be funded from Iberia's internal resources
Transformation Plan Highlights:
· Stem Iberia's cash losses by mid-2013;
· Turnaround in profitability of at least €600 million from 2012 levels to align Iberia with IAG's target return on capital of 12 per cent by 2015;
· Network capacity cut by 15 per cent in 2013 to focus on profitable routes
· Downsizing its fleet by 25 aircraft - five long haul and 20 short haul.
· Reduction of 4,500 jobs to safeguard around 15,500 posts across the airline. This is in line with capacity cuts and improved productivity across the airline.
· New commercial initiatives to boost unit revenues including increased ancillary sales and website redesign.
· Discontinue non-profitable third party maintenance and retain profitable ground handling services outside Madrid.
· The transformation will be funded from Iberia's internal resources
halifax - 09 Nov 2012 14:09 - 53 of 466
what a great idea to merge with Iberia,Willie Walsh should be sacked.
skinny
- 10 Nov 2012 10:38
- 54 of 466
Iberia strategy is still sound but terms now look like a mistake
The chief executive of British Airways-owner IAG has unleashed a radical restructuring plan “to save Iberia”, the Spanish airline he merged BA with at the beginning of last year.
He’s also fighting to save the rationale and reputation of that deal which saw Iberia shareholders take 45pc of the merged group. Given its mounting losses and current troubles Iberia’s shareholders look like they got the better part of that deal by far. BA is now effectively supporting Iberia and if the same merger was struck today it would justify a ratio well below 45pc.
Of course the euro crisis and Spain’s own appalling economic problems have intervened. And that, ironically, could be the thing that helps Walsh pull off his plan to cut 4,500 jobs and stem a daily cash burn of €1.7m which makes Iberia unsustainable.
As Mayor Emanuel went on to say about never letting a crisis go to waste: “And what I mean by that it’s an opportunity to do things you think you could not do before.”
Walsh has, rightly, won his reputation for achieving what others thought unachievable by rationalising BA’s once dreadful industrial relations. But he forced through the most important changes here when things were looking their worst economically. The public dislike air travel strikes at the best of times but staff striking when the country’s dole queues are lengthening are doubly unpopular.
That’s the same backdrop against which Walsh will go into battle against the Spanish unions now. He has set an aggressive deadline of January 31 to reach agreement. If not, then Iberia has warned of “more radical action which will lead to greater reduction in capacity and jobs”. Classic Walsh.
With the benefit of hindsight some will be questioning the sanity of buying Iberia. The strategy remains sound, however, given Iberia’s valuable network into Latin America.
But the terms on which the deal was done now look a mistake which is why Walsh will battle hard to turn Iberia round and prove it can be worth 45pc of the group again.
Ranged against him will be the “narrow self interest of the few” as he described the trade unions today. On his side is the rapidly deteriorating Spanish economic crisis and €3.5bn of cash on the IAG balance sheet built up to see him through exactly this sort of problem - although it won't last for ever.
Since the start of last year IAG’s shares are down nearly 40pc reflecting the fall in value suffered by the Iberian half of the merger. But more recently the IAG price has outperformed the All Share index and on today’s restructuring news was up 2.9 to 170p so the market is confident Walsh will pull this off. Given his track record, the market is probably right.
The chief executive of British Airways-owner IAG has unleashed a radical restructuring plan “to save Iberia”, the Spanish airline he merged BA with at the beginning of last year.
He’s also fighting to save the rationale and reputation of that deal which saw Iberia shareholders take 45pc of the merged group. Given its mounting losses and current troubles Iberia’s shareholders look like they got the better part of that deal by far. BA is now effectively supporting Iberia and if the same merger was struck today it would justify a ratio well below 45pc.
Of course the euro crisis and Spain’s own appalling economic problems have intervened. And that, ironically, could be the thing that helps Walsh pull off his plan to cut 4,500 jobs and stem a daily cash burn of €1.7m which makes Iberia unsustainable.
As Mayor Emanuel went on to say about never letting a crisis go to waste: “And what I mean by that it’s an opportunity to do things you think you could not do before.”
Walsh has, rightly, won his reputation for achieving what others thought unachievable by rationalising BA’s once dreadful industrial relations. But he forced through the most important changes here when things were looking their worst economically. The public dislike air travel strikes at the best of times but staff striking when the country’s dole queues are lengthening are doubly unpopular.
That’s the same backdrop against which Walsh will go into battle against the Spanish unions now. He has set an aggressive deadline of January 31 to reach agreement. If not, then Iberia has warned of “more radical action which will lead to greater reduction in capacity and jobs”. Classic Walsh.
With the benefit of hindsight some will be questioning the sanity of buying Iberia. The strategy remains sound, however, given Iberia’s valuable network into Latin America.
But the terms on which the deal was done now look a mistake which is why Walsh will battle hard to turn Iberia round and prove it can be worth 45pc of the group again.
Ranged against him will be the “narrow self interest of the few” as he described the trade unions today. On his side is the rapidly deteriorating Spanish economic crisis and €3.5bn of cash on the IAG balance sheet built up to see him through exactly this sort of problem - although it won't last for ever.
Since the start of last year IAG’s shares are down nearly 40pc reflecting the fall in value suffered by the Iberian half of the merger. But more recently the IAG price has outperformed the All Share index and on today’s restructuring news was up 2.9 to 170p so the market is confident Walsh will pull this off. Given his track record, the market is probably right.
halifax - 10 Nov 2012 12:44 - 55 of 466
still think Walsh should be sacked, no companies can survive for long without good industrial relations with their staff.
skinny
- 16 Nov 2012 07:42
- 56 of 466
HSBC reiterates it's Overweight and raises TP to 220p
skinny
- 20 Nov 2012 09:05
- 57 of 466
RBC Capital Markets Upgrade to Outperform.
halifax - 29 Nov 2012 17:07 - 58 of 466
Iberia strike imminent.
skinny
- 19 Dec 2012 14:42
- 59 of 466
Out performing again today.
skinny
- 10 Jan 2013 11:17
- 60 of 466
Looking at £2 :-
Tuesday, February 5, 2013
January Traffic and Capacity Statistics
Thursday, February 28, 2013
Full Year 2012 Results
;MA(50)&IND=RSI(14)&Layout=2Line;Default;Price;HisDate&XCycle=&XFormat=)
Tuesday, February 5, 2013
January Traffic and Capacity Statistics
Thursday, February 28, 2013
Full Year 2012 Results
skinny
- 10 Jan 2013 11:29
- 61 of 466
!
skinny
- 11 Jan 2013 08:13
- 62 of 466
Strong open through 2 quid.
skinny
- 11 Jan 2013 16:01
- 63 of 466
Now looking to close above £2 on good volume.
skinny
- 11 Jan 2013 16:17
- 64 of 466
UBS update boosts IAGShares in International Airlines Group have surged this morning after UBS upgraded stock from ‘neutral’ to ‘buy’.
UBS issued the statement on hopes of a successful resolution to IAG plans to restructure loss-making carrier Iberia.
IAG, which also operates British Airways, reach an agreement on a five year labour deal with unions in December, which also saw planned strikes called off
In a statement UBS said: “Despite its share price being up over 25 per cent in 2012, IAG was the worst performing European airline share under our coverage, underperforming Lufthansa by over 30 per cent and Air France KLM by around 45 per cent.
“We think that IAG could be the laggard most likely to outperform in 2013 should it achieve the concessions the company wants from Iberia staff.”
skinny
- 15 Jan 2013 06:29
- 65 of 466
Heathrow: 2012 'busiest year on record'
Heathrow has said that it handled 70 million passengers in 2012, the highest number on record, as the crowded airport saw bigger and fuller planes.
Numbers rose 0.9% from 2011, with 3.2% growth in its staple North Atlantic business, and traffic to the Far East and Brazil boosted by new routes.
December was also a record month at the airport, with China traffic up 23%.
Heathrow has said that it handled 70 million passengers in 2012, the highest number on record, as the crowded airport saw bigger and fuller planes.
Numbers rose 0.9% from 2011, with 3.2% growth in its staple North Atlantic business, and traffic to the Far East and Brazil boosted by new routes.
December was also a record month at the airport, with China traffic up 23%.
skinny
- 17 Jan 2013 15:21
- 66 of 466
Who owns Dreamliners?
Air India: 6
All Nippon Airways (Japan): 17
Ethiopian Airlines: 4
Japan Airlines: 7
LAN Airlines (Chile): 3
Lot Polish Airlines: 2
Qatar Airways: 5
United Airlines (US): 6
Total: 50
Source: Boeing
Air India: 6
All Nippon Airways (Japan): 17
Ethiopian Airlines: 4
Japan Airlines: 7
LAN Airlines (Chile): 3
Lot Polish Airlines: 2
Qatar Airways: 5
United Airlines (US): 6
Total: 50
Source: Boeing
skinny
- 22 Jan 2013 08:36
- 67 of 466
220p looks a key area.
skinny
- 24 Jan 2013 16:57
- 68 of 466
Uncrossed @218.4 the highest since mid 2011.
skinny
- 25 Jan 2013 08:27
- 69 of 466
Clear of 220 atm @226.
skinny
- 25 Jan 2013 15:44
- 70 of 466
Analysts at JP Morgan moved from neutral to overweight on IAG, saying:
We see the decision by Iberia unions to negotiate the details of the restructuring plan with no change to its overall targets as lowering the short-term risk of turbulence surrounding its implementation. We believe IAG shares will outperform once Iberia reaches agreement with unions (or implements unilateral cuts), and see the recent under performance as a good entry point for investors.
We see the decision by Iberia unions to negotiate the details of the restructuring plan with no change to its overall targets as lowering the short-term risk of turbulence surrounding its implementation. We believe IAG shares will outperform once Iberia reaches agreement with unions (or implements unilateral cuts), and see the recent under performance as a good entry point for investors.
skinny
- 02 Feb 2013 11:58
- 71 of 466
RNS Number : 9660W
International Cons Airlines Group
01 February 2013
IAG STATEMENT ON IBERIA TRANSFORMATION PLAN
International Airlines Group confirms that no agreement has been reached between Iberia and its trade unions over the airline's transformation plan proposals, published on November 9, 2012.
Iberia will, therefore, press ahead with the previously announced capacity reduction of 15 per cent for 2013.
IAG will also move forward on alternative plans to return Iberia to break-even, in terms of operating cash flow, by the second half of this year and restore Iberia to an acceptable level of profitability by 2015.
Willie Walsh, IAG chief executive, said: "We're disappointed that no agreement has been reached. Iberia is ready and willing to negotiate with the Trade Unions. We are determined and united to implement the necessary changes to secure the future survival and viability of Iberia".
ends
International Cons Airlines Group
01 February 2013
IAG STATEMENT ON IBERIA TRANSFORMATION PLAN
International Airlines Group confirms that no agreement has been reached between Iberia and its trade unions over the airline's transformation plan proposals, published on November 9, 2012.
Iberia will, therefore, press ahead with the previously announced capacity reduction of 15 per cent for 2013.
IAG will also move forward on alternative plans to return Iberia to break-even, in terms of operating cash flow, by the second half of this year and restore Iberia to an acceptable level of profitability by 2015.
Willie Walsh, IAG chief executive, said: "We're disappointed that no agreement has been reached. Iberia is ready and willing to negotiate with the Trade Unions. We are determined and united to implement the necessary changes to secure the future survival and viability of Iberia".
ends
skinny
- 05 Feb 2013 15:26
- 72 of 466
RNS Number : 1827X
International Cons Airlines Group
05 February 2013
IAG JANUARY 2013 - GROUP TRAFFIC AND CAPACITY STATISTICS
-- In January 2013, Group traffic measured in Revenue Passenger Kilometres rose by 0.7 per cent versus January 2012; Group capacity measured in Available Seat Kilometres was down 1.0 per cent.
-- Group premium traffic for the month of January grew by 2.7 per cent compared to the previous year, with a 0.3 per cent growth in non-premium traffic.
-- Underlying market conditions remain unchanged from those described at IAG Capital Markets Day on 9(th) November. There is continued firmness in trends at British Airways and weakness in Spanish markets as in the previous months.
February 5(th) , 2013
STRATEGIC DEVELOPMENTS
On February 1(st) , IAG confirmed that no agreement had been reached between Iberia and its trade unions over the airline's transformation plan. Iberia will press ahead with the previously announced capacity reduction of 15 per cent for 2013. IAG will also move forward on alternative plans to return Iberia to break-even, in terms of operating cash flow, by the second half of this year and restore Iberia to an acceptable level of profitability by 2015.
On January 31(st) , Malaysia Airlines joined oneworld alliance adding one of Asia's leading airlines to the group. Malaysia Airlines, which serves more than 60 destinations in almost 30 countries, will substantially expand the alliance's network in one of the world's fastest growing economic powerhouses, South East Asia.
Iberia unveiled its new long haul business and economy class cabins at the Fitur travel fair in Madrid. The new product will be introduced with the first of the new Airbus A330-300 being delivered in February.
Certain information included in these statements is forward-looking and involves risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward-looking statements. Forward-looking statements include, without limitation, projections relating to results of operations and financial conditions and the Company's plans and objectives for future operations, including, without limitation, discussions of the Company's Business Plan, expected future revenues, financing plans and expected expenditures and divestments. All forward-looking statements in this report are based upon information known to the Company on the date of this report. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
It is not reasonably possible to itemise all of the many factors and specific events that could cause the Company's forward-looking statements to be incorrect or that could otherwise have a material adverse effect on the future operations or results of an airline operating in the global economy. Further information on the primary risks to the Company and its risk management process is given in the Annual Report and Accounts 2011; this document is available on www.iagshares.com.
International Cons Airlines Group
05 February 2013
IAG JANUARY 2013 - GROUP TRAFFIC AND CAPACITY STATISTICS
-- In January 2013, Group traffic measured in Revenue Passenger Kilometres rose by 0.7 per cent versus January 2012; Group capacity measured in Available Seat Kilometres was down 1.0 per cent.
-- Group premium traffic for the month of January grew by 2.7 per cent compared to the previous year, with a 0.3 per cent growth in non-premium traffic.
-- Underlying market conditions remain unchanged from those described at IAG Capital Markets Day on 9(th) November. There is continued firmness in trends at British Airways and weakness in Spanish markets as in the previous months.
February 5(th) , 2013
STRATEGIC DEVELOPMENTS
On February 1(st) , IAG confirmed that no agreement had been reached between Iberia and its trade unions over the airline's transformation plan. Iberia will press ahead with the previously announced capacity reduction of 15 per cent for 2013. IAG will also move forward on alternative plans to return Iberia to break-even, in terms of operating cash flow, by the second half of this year and restore Iberia to an acceptable level of profitability by 2015.
On January 31(st) , Malaysia Airlines joined oneworld alliance adding one of Asia's leading airlines to the group. Malaysia Airlines, which serves more than 60 destinations in almost 30 countries, will substantially expand the alliance's network in one of the world's fastest growing economic powerhouses, South East Asia.
Iberia unveiled its new long haul business and economy class cabins at the Fitur travel fair in Madrid. The new product will be introduced with the first of the new Airbus A330-300 being delivered in February.
Certain information included in these statements is forward-looking and involves risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward-looking statements. Forward-looking statements include, without limitation, projections relating to results of operations and financial conditions and the Company's plans and objectives for future operations, including, without limitation, discussions of the Company's Business Plan, expected future revenues, financing plans and expected expenditures and divestments. All forward-looking statements in this report are based upon information known to the Company on the date of this report. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
It is not reasonably possible to itemise all of the many factors and specific events that could cause the Company's forward-looking statements to be incorrect or that could otherwise have a material adverse effect on the future operations or results of an airline operating in the global economy. Further information on the primary risks to the Company and its risk management process is given in the Annual Report and Accounts 2011; this document is available on www.iagshares.com.
skinny
- 12 Feb 2013 12:14
- 73 of 466
IAG Update on Iberia Transformation Plan
International Airlines Group announces that Iberia has today informed its employees, trade unions and the Spanish Employment Ministry that it has started the formal process of collective redundancy. 3,807 jobs in the airline are affected. There will now be a 30 day consultation process.
This is part of Iberia's transformation plan to introduce permanent structural changes across the airline to stem its losses enabling it to grow profitably in the future.
ends
International Airlines Group announces that Iberia has today informed its employees, trade unions and the Spanish Employment Ministry that it has started the formal process of collective redundancy. 3,807 jobs in the airline are affected. There will now be a 30 day consultation process.
This is part of Iberia's transformation plan to introduce permanent structural changes across the airline to stem its losses enabling it to grow profitably in the future.
ends
halifax - 12 Feb 2013 12:40 - 74 of 466
wee willie's crash and burn policy, he is destroying what was once the world's favourite airine.
skinny
- 13 Feb 2013 06:54
- 75 of 466
Bullish engulfing candle on good volume yesterday.
skinny
- 14 Feb 2013 06:53
- 76 of 466
American Airlines and US Airways poised 'to merge'
American Airlines and US Airways are planning to form one of the world's biggest airlines, according to media and newswire sources.
The two boards are said by a number of unnamed sources to have met on Wednesday to approve the merger.
A formal announcement is expected on Thursday.
American Airlines and US Airways are planning to form one of the world's biggest airlines, according to media and newswire sources.
The two boards are said by a number of unnamed sources to have met on Wednesday to approve the merger.
A formal announcement is expected on Thursday.
skinny
- 15 Feb 2013 12:45
- 77 of 466
Credit Suisse Outperform 225.80 226.90 259.00 259.00 Reiterates
skinny
- 20 Feb 2013 07:31
- 78 of 466
A bit more here - IAG says it will not increase bid for budget airline Vueling
Feb 19 (Reuters) - The International Airline Group says it will not raise its 7 euros per share bid to buy out shares in Spanish budget carrier Vueling despite shareholder pressure for a higher offer.
Spanish website El Confidencial had cited unnamed sources as saying that IAG would present an increased offer of between 7.5 and 8 euros per share in the coming days after several shareholders rejected the current bid.
"IAG is moving ahead with its 7 euros per share offer, as the company informed on Feb. 6," an IAG spokeswoman told Reuters by email on Tuesday.
Feb 19 (Reuters) - The International Airline Group says it will not raise its 7 euros per share bid to buy out shares in Spanish budget carrier Vueling despite shareholder pressure for a higher offer.
Spanish website El Confidencial had cited unnamed sources as saying that IAG would present an increased offer of between 7.5 and 8 euros per share in the coming days after several shareholders rejected the current bid.
"IAG is moving ahead with its 7 euros per share offer, as the company informed on Feb. 6," an IAG spokeswoman told Reuters by email on Tuesday.
skinny
- 22 Feb 2013 07:35
- 79 of 466
Bankia to sell 12%.
Bankia to reveal loss of more than €19bn
Bankia will next week reveal an annual net loss of more than €19bn, the largest in Spanish corporate history, as the nationalised lender that last year became the symbol of the country’s financial crisis speeds up its plan to close branches and sell assets.
Bankia to reveal loss of more than €19bn
Bankia will next week reveal an annual net loss of more than €19bn, the largest in Spanish corporate history, as the nationalised lender that last year became the symbol of the country’s financial crisis speeds up its plan to close branches and sell assets.
skinny
- 22 Feb 2013 10:12
- 80 of 466
Thursday, February 28 Full Year 2012 Results.
skinny
- 28 Feb 2013 08:58
- 81 of 466
Final Results
IAG period highlights on combined results:
· Operating loss for the year to December 31, 2012 of €23 million before exceptional items (2011: operating profit €485 million). After exceptional items operating loss for the year not including Iberia restructuring and impairment was €68 million, compared to our guidance in November of €120 million
· Before exceptional items, British Airways made an operating profit of €347 million in the year to December 31, 2012 and Iberia made an operating loss of €351 million
· Non-operating charges for the year were €384 million, including €266 million related to non-cash pensions accounting requirements
· Loss before tax for the year of €997 million (2011: profit before tax of €503 million), including restructuring charge of €202 million for the Iberia transformation plan and €343 million impairment of Iberia intangible assets
· Revenue for the year up 10.9 per cent to €18,117 million (2011: €16,339 million), including €872 million or 5.4 per cent currency impact. Passenger unit revenue for the year up 9.4 per cent, on top of volume increases of 2.8 per cent
· Fuel costs up 20.4 per cent to €6,101 million (2011: €5,068 million before exceptional items). Fuel unit costs up 16.8 per cent, or 8.4 per cent at constant currency
· Non-fuel costs before exceptional items, up 11.6 per cent at €12,039 million, including €543 million of adverse currency translation. Non-fuel unit costs up 8.5 per cent, or 3.8 per cent at constant currency
· Capital investment of €1,239 million (2011: €1,071 million) including over €400 million on pre-delivery payments for future aircraft
· Cash of €2,909 million at December 31, 2012 was down €826 million on 2011 year end (December 2011: €3,735 million). Group net debt up €741 million to €1,889 million (December 2011: €1,148 million)
IAG period highlights on combined results:
· Operating loss for the year to December 31, 2012 of €23 million before exceptional items (2011: operating profit €485 million). After exceptional items operating loss for the year not including Iberia restructuring and impairment was €68 million, compared to our guidance in November of €120 million
· Before exceptional items, British Airways made an operating profit of €347 million in the year to December 31, 2012 and Iberia made an operating loss of €351 million
· Non-operating charges for the year were €384 million, including €266 million related to non-cash pensions accounting requirements
· Loss before tax for the year of €997 million (2011: profit before tax of €503 million), including restructuring charge of €202 million for the Iberia transformation plan and €343 million impairment of Iberia intangible assets
· Revenue for the year up 10.9 per cent to €18,117 million (2011: €16,339 million), including €872 million or 5.4 per cent currency impact. Passenger unit revenue for the year up 9.4 per cent, on top of volume increases of 2.8 per cent
· Fuel costs up 20.4 per cent to €6,101 million (2011: €5,068 million before exceptional items). Fuel unit costs up 16.8 per cent, or 8.4 per cent at constant currency
· Non-fuel costs before exceptional items, up 11.6 per cent at €12,039 million, including €543 million of adverse currency translation. Non-fuel unit costs up 8.5 per cent, or 3.8 per cent at constant currency
· Capital investment of €1,239 million (2011: €1,071 million) including over €400 million on pre-delivery payments for future aircraft
· Cash of €2,909 million at December 31, 2012 was down €826 million on 2011 year end (December 2011: €3,735 million). Group net debt up €741 million to €1,889 million (December 2011: €1,148 million)
skinny
- 05 Mar 2013 15:22
- 82 of 466
International Cons Airlines Group Traffic Statistics February 2013
IAG FEBRUARY 2013 - GROUP TRAFFIC AND CAPACITY STATISTICS
-- In February 2013, Group traffic measured in Revenue Passenger Kilometres decreased by 2.4 per cent versus February 2012; Group capacity measured in Available Seat Kilometres was down 4.4 per cent.
-- Group premium traffic for the month of February grew by 0.2 per cent compared to the previous year, with a 2.9 per cent decrease in non-premium traffic.
-- In February, Iberia cabin crew and ground employees' unions went on strike for five consecutive days: Iberia operated approximately 64 per cent of its flights. At a Group level, capacity was impacted by approximately 0.8 per cent.
-- For current outlook and strategic developments please see Quarter Four results presentation.
IAG FEBRUARY 2013 - GROUP TRAFFIC AND CAPACITY STATISTICS
-- In February 2013, Group traffic measured in Revenue Passenger Kilometres decreased by 2.4 per cent versus February 2012; Group capacity measured in Available Seat Kilometres was down 4.4 per cent.
-- Group premium traffic for the month of February grew by 0.2 per cent compared to the previous year, with a 2.9 per cent decrease in non-premium traffic.
-- In February, Iberia cabin crew and ground employees' unions went on strike for five consecutive days: Iberia operated approximately 64 per cent of its flights. At a Group level, capacity was impacted by approximately 0.8 per cent.
-- For current outlook and strategic developments please see Quarter Four results presentation.
skinny
- 11 Mar 2013 07:07
- 83 of 466
IAG Statement on Iberia
The board of International Airlines Group (IAG) has met today in an extraordinary session to analyse and assess the proposal issued by a mediator regarding Iberia.
As a result, the board has decided to accept the proposal.
The board of International Airlines Group (IAG) has met today in an extraordinary session to analyse and assess the proposal issued by a mediator regarding Iberia.
As a result, the board has decided to accept the proposal.
skinny
- 11 Mar 2013 13:58
- 84 of 466
Tudela confident that Iberia unions accept their proposal
MADRID, Mar. 11 (AFP) -
The mediator in the conflict in Iberia, Gregory Tudela, said on Monday to be "optimistic" about the support of unions and Iberia to its proposal on Wednesday, the union had a majority expressed their acceptance to the document.
"I'm optimistic, there is reason to be," Tudela said in remarks to reporters after the meeting with the parties involved.
The mediator also hoped that the proposal "is the first step in harnessing the problems facing the company."
Tudela said that although "the company has expressed its support for the agreement and most unions were in favor, wait a couple of days" so they can hold consultations with members, because "it is an issue very complex. "
MADRID, Mar. 11 (AFP) -
The mediator in the conflict in Iberia, Gregory Tudela, said on Monday to be "optimistic" about the support of unions and Iberia to its proposal on Wednesday, the union had a majority expressed their acceptance to the document.
"I'm optimistic, there is reason to be," Tudela said in remarks to reporters after the meeting with the parties involved.
The mediator also hoped that the proposal "is the first step in harnessing the problems facing the company."
Tudela said that although "the company has expressed its support for the agreement and most unions were in favor, wait a couple of days" so they can hold consultations with members, because "it is an issue very complex. "
skinny
- 12 Mar 2013 15:57
- 85 of 466
A reversal of fortunes seems to be under way - looking very strong today.
skinny
- 13 Mar 2013 14:04
- 86 of 466
RNS Number : 9298Z
International Cons Airlines Group
13 March 2013
IAG UPDATE ON MEDIATOR PROPOSAL FOR IBERIA
International Airlines Group notes, further to its acceptance of the mediator's proposal regarding Iberia, that unions representing the majority of Iberia's employees have also agreed to accept the proposal.
ends
March 13, 2013
Certain information included in these statements is forward-looking and involves risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward-looking statements. Forward-looking statements include, without limitation, projections relating to results of operations and financial conditions and the Company's plans and objectives for future operations, including, without limitation, discussions of the Company's Business Plan, expected future revenues, financing plans and expected expenditures and divestments. All forward-looking statements in this report are based upon information known to the Company on the date of this report. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
It is not reasonably possible to itemise all of the many factors and specific events that could cause the Company's forward-looking statements to be incorrect or that could otherwise have a material adverse effect on the future operations or results of an airline operating in the global economy. Further information on the primary risks to the Company and its risk management process is given in the Annual Report and Accounts 2012; this document is available on www.iagshares.com.
International Cons Airlines Group
13 March 2013
IAG UPDATE ON MEDIATOR PROPOSAL FOR IBERIA
International Airlines Group notes, further to its acceptance of the mediator's proposal regarding Iberia, that unions representing the majority of Iberia's employees have also agreed to accept the proposal.
ends
March 13, 2013
Certain information included in these statements is forward-looking and involves risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward-looking statements. Forward-looking statements include, without limitation, projections relating to results of operations and financial conditions and the Company's plans and objectives for future operations, including, without limitation, discussions of the Company's Business Plan, expected future revenues, financing plans and expected expenditures and divestments. All forward-looking statements in this report are based upon information known to the Company on the date of this report. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
It is not reasonably possible to itemise all of the many factors and specific events that could cause the Company's forward-looking statements to be incorrect or that could otherwise have a material adverse effect on the future operations or results of an airline operating in the global economy. Further information on the primary risks to the Company and its risk management process is given in the Annual Report and Accounts 2012; this document is available on www.iagshares.com.
skinny
- 15 Mar 2013 08:11
- 87 of 466
Off to the races this morning!
Morgan Stanley Overweight 0.00 262.70 2.40 4.00 Upgrades
Which I assume means £4 from £2.40!
Morgan Stanley Overweight 0.00 262.70 2.40 4.00 Upgrades
Which I assume means £4 from £2.40!
HARRYCAT
- 15 Mar 2013 12:44
- 88 of 466
Morgan Stanley note today:
"Pleasingly, IAG has taken clear steps to address Iberia losses in recent weeks. In addition, we think there are multiple avenues of leverage from US, Latam and Heathrow positioning. Our OW is further supported by clear progress in the financing markets – de-risking the balance sheet for IAG.
There is more to play for in the near term: We are 25% ahead of the market on FY13 EBIT. Our €629m forecast compares to consensus of €504m. Market exposures are generally favourable (or at least controllable in the case of Spain) and global partnership momentum has increased materially – oneworld has gained around 400bp of market share with recent deals.
Multiple Aircraft Transactions YTD. Flight Global reported on March 8 that American Airlines raised $660m in the past week, secured at 4-5.6%. In addition, two major lessors (Air Lease and Aviation Capital) raised US$700m for 4.6-4.8%. Management (CEO and senior execs) incentivised to deliver 2014 earnings at 96% of the 2015 target level. Maximum vesting occurs if the group achieves €0.50 EPS in 2014, which compares to the 2015 target of €0.52.
Where could we be wrong? In addition to the usual airline caveats of fuel, FX and event risk, the primary IAG risks involve further weakening of Spanish macro trends, additional austerity or taxation shocks in the UK or Spain and potential execution delays of the Iberia restructuring plans.
"Pleasingly, IAG has taken clear steps to address Iberia losses in recent weeks. In addition, we think there are multiple avenues of leverage from US, Latam and Heathrow positioning. Our OW is further supported by clear progress in the financing markets – de-risking the balance sheet for IAG.
There is more to play for in the near term: We are 25% ahead of the market on FY13 EBIT. Our €629m forecast compares to consensus of €504m. Market exposures are generally favourable (or at least controllable in the case of Spain) and global partnership momentum has increased materially – oneworld has gained around 400bp of market share with recent deals.
Multiple Aircraft Transactions YTD. Flight Global reported on March 8 that American Airlines raised $660m in the past week, secured at 4-5.6%. In addition, two major lessors (Air Lease and Aviation Capital) raised US$700m for 4.6-4.8%. Management (CEO and senior execs) incentivised to deliver 2014 earnings at 96% of the 2015 target level. Maximum vesting occurs if the group achieves €0.50 EPS in 2014, which compares to the 2015 target of €0.52.
Where could we be wrong? In addition to the usual airline caveats of fuel, FX and event risk, the primary IAG risks involve further weakening of Spanish macro trends, additional austerity or taxation shocks in the UK or Spain and potential execution delays of the Iberia restructuring plans.
halifax - 15 Mar 2013 16:13 - 89 of 466
Virgin appears to have financial issues so IAG may be suffering too.
skinny
- 19 Mar 2013 07:21
- 90 of 466
Deutsche Bank Buy 270.30 270.50 330.00 330.00 Reiterates
skinny
- 27 Mar 2013 09:43
- 91 of 466
Directorate Change
IBERIA CHIEF EXECUTIVE
International Airlines Group (IAG) and Rafael Sánchez-Lozano have decided by mutual agreement that he will step down as chief executive of Iberia and from the IAG board with immediate effect. He will be replaced by Luis Gallego who is currently chief executive of Iberia's subsidiary Iberia Express. Luis has joined the Iberia and IAG boards.
IBERIA CHIEF EXECUTIVE
International Airlines Group (IAG) and Rafael Sánchez-Lozano have decided by mutual agreement that he will step down as chief executive of Iberia and from the IAG board with immediate effect. He will be replaced by Luis Gallego who is currently chief executive of Iberia's subsidiary Iberia Express. Luis has joined the Iberia and IAG boards.
skinny
- 27 Mar 2013 16:05
- 92 of 466
Tender offer for the shares of Vueling Airlines
PUBLIC TENDER OFFER FOR THE SHARES OF VUELING AIRLINES, S.A.
International Consolidated Airlines Group, S.A., in compliance with article 82 of Law 24/1988, of July 28, on the Securities Markets, hereby announces that its wholly-owned subsidiary, Veloz Holdco, S.L. (Sociedad Unipersonal) ("Veloz Holdco"), in relation with the tender offer it has launched for 100% shares of Vueling Airlines, S.A. ("Vueling") (the "Offer"), has resolved:
1. To increase the consideration offered in the Offer of 7 euros per share of Vueling to 9.25 euros per share.
2. To extend the Offer acceptance period from 39 to 48 calendar days.
3. To reduce the Offer's minimum acceptance condition from 90% of those Vueling voting rights not owned by Iberia to 1,244,029 Vueling shares, which represent 4.16% of Vueling's share capital.
Veloz Holdco will submit the documentation relating to the amended Offer with the Spanish National Securities Markets Commission (CNMV) for its authorisation on or before 3 April 2013.
27 March 2013
PUBLIC TENDER OFFER FOR THE SHARES OF VUELING AIRLINES, S.A.
International Consolidated Airlines Group, S.A., in compliance with article 82 of Law 24/1988, of July 28, on the Securities Markets, hereby announces that its wholly-owned subsidiary, Veloz Holdco, S.L. (Sociedad Unipersonal) ("Veloz Holdco"), in relation with the tender offer it has launched for 100% shares of Vueling Airlines, S.A. ("Vueling") (the "Offer"), has resolved:
1. To increase the consideration offered in the Offer of 7 euros per share of Vueling to 9.25 euros per share.
2. To extend the Offer acceptance period from 39 to 48 calendar days.
3. To reduce the Offer's minimum acceptance condition from 90% of those Vueling voting rights not owned by Iberia to 1,244,029 Vueling shares, which represent 4.16% of Vueling's share capital.
Veloz Holdco will submit the documentation relating to the amended Offer with the Spanish National Securities Markets Commission (CNMV) for its authorisation on or before 3 April 2013.
27 March 2013
skinny
- 28 Mar 2013 06:11
- 93 of 466
American Airlines and US Airways merger approved
The merger of the owner of American Airlines and US Airways has been approved by a US judge, moving the two companies one step closer to forming the world's largest carrier.
The deal had to be approved by the judge because American Airlines has been in bankruptcy protection since November 2011.
The merger was first announced in February.
It still needs approval by the Justice Department and US Airways shareholders.
They are expected to back the deal before the end of the year.
The merger of the owner of American Airlines and US Airways has been approved by a US judge, moving the two companies one step closer to forming the world's largest carrier.
The deal had to be approved by the judge because American Airlines has been in bankruptcy protection since November 2011.
The merger was first announced in February.
It still needs approval by the Justice Department and US Airways shareholders.
They are expected to back the deal before the end of the year.
skinny
- 04 Apr 2013 07:03
- 94 of 466
LONGHAUL FLEET ORDERS
International Airlines Group (IAG) has reached agreement with Boeing for new longhaul aircraft for the group's fleet.
IAG plans to convert 18 existing Boeing 787s options into firm orders for British Airways. They will be used to replace some of the airline's Boeing 747-400 aircraft between 2017 and 2021.
For Iberia, IAG has reached agreement with Boeing to secure commercial terms and delivery slots that could lead to an order for Boeing 787s. Firm orders will only be made when Iberia has restructured and reduced its cost base and is in a position grow profitably.
British Airways' 787s will be powered by Rolls-Royce Trent 1000 engines. The engine order includes a comprehensive maintenance package with total care agreement.
Willie Walsh, IAG chief executive, said: "British Airways has 24 Boeing 787s on order already and we plan to boost this by a further 18 aircraft by exercising our options.
"The aircraft offers a step change in fuel burn efficiency versus our existing aircraft with improvements in fuel cost per seat of more than 20 per cent. New technology engines and improved aerodynamics will lower fuel burn leading to reduced carbon and NOx emissions.
"The creation of IAG has resulted in greater buying power for both airlines through joint procurement and we have been able to obtain delivery slots for Iberia as part of British Airways' order".
British Airways has 118 wide-bodied longhaul aircraft in its fleet with 42 aircraft (12 A380s, 24 B787s, six B777-300ERs) already ordered.
Iberia has 31 wide-bodied longhaul aircraft in its fleet with six A330 aircraft already ordered.
The fleet order is subject to approval by IAG shareholders.
International Airlines Group (IAG) has reached agreement with Boeing for new longhaul aircraft for the group's fleet.
IAG plans to convert 18 existing Boeing 787s options into firm orders for British Airways. They will be used to replace some of the airline's Boeing 747-400 aircraft between 2017 and 2021.
For Iberia, IAG has reached agreement with Boeing to secure commercial terms and delivery slots that could lead to an order for Boeing 787s. Firm orders will only be made when Iberia has restructured and reduced its cost base and is in a position grow profitably.
British Airways' 787s will be powered by Rolls-Royce Trent 1000 engines. The engine order includes a comprehensive maintenance package with total care agreement.
Willie Walsh, IAG chief executive, said: "British Airways has 24 Boeing 787s on order already and we plan to boost this by a further 18 aircraft by exercising our options.
"The aircraft offers a step change in fuel burn efficiency versus our existing aircraft with improvements in fuel cost per seat of more than 20 per cent. New technology engines and improved aerodynamics will lower fuel burn leading to reduced carbon and NOx emissions.
"The creation of IAG has resulted in greater buying power for both airlines through joint procurement and we have been able to obtain delivery slots for Iberia as part of British Airways' order".
British Airways has 118 wide-bodied longhaul aircraft in its fleet with 42 aircraft (12 A380s, 24 B787s, six B777-300ERs) already ordered.
Iberia has 31 wide-bodied longhaul aircraft in its fleet with six A330 aircraft already ordered.
The fleet order is subject to approval by IAG shareholders.
skinny
- 08 Apr 2013 06:37
- 95 of 466
Airbus seen close to BA deal, adding pressure for Boeing revamp
PARIS | Sun Apr 7, 2013 10:21pm BST
(Reuters) - A potential $7 billion (4.5 billion pounds) order from British Airways for Airbus A350 jets is set to hand Boeing Co (BA.N) its next major challenge as it nears the end of a three-month crisis over the grounding of the 787 Dreamliner, analysts said.
If confirmed, the order would strike a blow inside one of Boeing's most loyal wide-body customers and may hike pressure on the U.S. planemaker to defend future profits by formally offering a revamped version of its successful 777 mini-jumbo.
PARIS | Sun Apr 7, 2013 10:21pm BST
(Reuters) - A potential $7 billion (4.5 billion pounds) order from British Airways for Airbus A350 jets is set to hand Boeing Co (BA.N) its next major challenge as it nears the end of a three-month crisis over the grounding of the 787 Dreamliner, analysts said.
If confirmed, the order would strike a blow inside one of Boeing's most loyal wide-body customers and may hike pressure on the U.S. planemaker to defend future profits by formally offering a revamped version of its successful 777 mini-jumbo.
skinny
- 10 Apr 2013 07:16
- 96 of 466
Spain's Vueling accepts takeover bid from IAG
MADRID | Tue Apr 9, 2013 12:23pm EDT
(Reuters) - The board of Spanish low-cost airline Vueling (VULG.MC) on Tuesday unanimously recommended shareholders accept an improved takeover offer of 9.25 euros per share from International Airline Group (ICAG.L) (ICAG.MC).
IAG, which already owns 45.85 percent of Vueling as well as British Airways and Spanish airline Iberia, last month raised its bid by almost one third after the Barcelona-based carrier rejected a previous offer of 7 euros per share.
MADRID | Tue Apr 9, 2013 12:23pm EDT
(Reuters) - The board of Spanish low-cost airline Vueling (VULG.MC) on Tuesday unanimously recommended shareholders accept an improved takeover offer of 9.25 euros per share from International Airline Group (ICAG.L) (ICAG.MC).
IAG, which already owns 45.85 percent of Vueling as well as British Airways and Spanish airline Iberia, last month raised its bid by almost one third after the Barcelona-based carrier rejected a previous offer of 7 euros per share.
skinny
- 10 Apr 2013 14:57
- 97 of 466
IAG chief says won't merge Spanish airline Vueling with Iberia
ABU DHABI | Wed Apr 10, 2013 12:52pm BST
(Reuters) - International Airline Group (ICAG.L) will not merge Spanish low-cost airline Vueling (VULG.MC) with its Iberia unit if its takeover bid is successful, IAG's chief executive Willie Walsh said on Wednesday.
The board of Vueling on Tuesday unanimously recommended shareholders accept an improved offer of 9.
Walsh said the profitable Vueling business will operate separately from loss-making Iberia after the takeover.
ABU DHABI | Wed Apr 10, 2013 12:52pm BST
(Reuters) - International Airline Group (ICAG.L) will not merge Spanish low-cost airline Vueling (VULG.MC) with its Iberia unit if its takeover bid is successful, IAG's chief executive Willie Walsh said on Wednesday.
The board of Vueling on Tuesday unanimously recommended shareholders accept an improved offer of 9.
Walsh said the profitable Vueling business will operate separately from loss-making Iberia after the takeover.
skinny
- 22 Apr 2013 17:07
- 98 of 466
Dreamliner: Boeing 'may never find battery fault cause'
Boeing has admitted that it may never know what caused the battery malfunctions that resulted in all its 787 Dreamliner aircraft being grounded.
The admission came from Boeing's Larry Loftis, the general manager of the company's 787 division.
Replacement battery systems are now being fitted to all 50 Dreamliners that had been in operation with airlines around the world.
Boeing expects the planes to resume service in the coming weeks.
Boeing has admitted that it may never know what caused the battery malfunctions that resulted in all its 787 Dreamliner aircraft being grounded.
The admission came from Boeing's Larry Loftis, the general manager of the company's 787 division.
Replacement battery systems are now being fitted to all 50 Dreamliners that had been in operation with airlines around the world.
Boeing expects the planes to resume service in the coming weeks.
halifax - 22 Apr 2013 17:13 - 99 of 466
skinny doesn't it make passengers feel confident if the aircraft manufacturer doesn't know why components in its aircraft fail, steer clear.
skinny
- 22 Apr 2013 17:15
- 100 of 466
Yes - its not very reassuring!
skinny
- 23 Apr 2013 06:38
- 101 of 466
AIRBUS A350 ORDERS
International Airlines Group (IAG) is ordering Airbus A350 aircraft for the group's longhaul fleet.
For British Airways, there are 18 A350-1000 firm orders, plus 18 options. These are in addition to 18 Boeing 787 options which IAG announced previously that it plans to convert into firm orders.
The A350 and Boeing 787 firm orders will be used to replace 30 Boeing 747-400 aircraft between 2017 and 2023 while the options can be used to replace aircraft or provide opportunities for growth.
For Iberia, IAG has also reached agreement with Airbus as well as Boeing to secure commercial terms and delivery slots that could lead to firm orders for A350s and/or Boeing 787s. Firm orders will only be made when Iberia is in a position to grow profitably, having restructured and reduced its cost base.
The A350 will be powered by Rolls-Royce Trent XWB engines. The order includes a comprehensive maintenance package with total care agreement.
Willie Walsh, IAG chief executive, said: "The A350-1000 will bring many benefits to our fleet. Its size and range will be an excellent fit for our existing network and, with lower unit costs, there is an opportunity to operate a new range of destinations profitably. This will not only bring greater flexibility to our network but also more choice for our customers.
"Both aircraft will provide further cost efficiencies and environmental benefits with fuel cost per seat improvements of more than 20 per cent.
"This order will also secure jobs in Britain and Spain. The A350's wings are made in Britain while its horizontal tail plane, horizontal tail plane boxes and lower wing covers are made in Spain. Rolls-Royce Trent XWB engines are assembled in Britain".
The fleet order is subject to approval by IAG shareholders.
International Airlines Group (IAG) is ordering Airbus A350 aircraft for the group's longhaul fleet.
For British Airways, there are 18 A350-1000 firm orders, plus 18 options. These are in addition to 18 Boeing 787 options which IAG announced previously that it plans to convert into firm orders.
The A350 and Boeing 787 firm orders will be used to replace 30 Boeing 747-400 aircraft between 2017 and 2023 while the options can be used to replace aircraft or provide opportunities for growth.
For Iberia, IAG has also reached agreement with Airbus as well as Boeing to secure commercial terms and delivery slots that could lead to firm orders for A350s and/or Boeing 787s. Firm orders will only be made when Iberia is in a position to grow profitably, having restructured and reduced its cost base.
The A350 will be powered by Rolls-Royce Trent XWB engines. The order includes a comprehensive maintenance package with total care agreement.
Willie Walsh, IAG chief executive, said: "The A350-1000 will bring many benefits to our fleet. Its size and range will be an excellent fit for our existing network and, with lower unit costs, there is an opportunity to operate a new range of destinations profitably. This will not only bring greater flexibility to our network but also more choice for our customers.
"Both aircraft will provide further cost efficiencies and environmental benefits with fuel cost per seat improvements of more than 20 per cent.
"This order will also secure jobs in Britain and Spain. The A350's wings are made in Britain while its horizontal tail plane, horizontal tail plane boxes and lower wing covers are made in Spain. Rolls-Royce Trent XWB engines are assembled in Britain".
The fleet order is subject to approval by IAG shareholders.
skinny
- 23 Apr 2013 11:15
- 102 of 466
IAG has enough investor support to gain control of Vueling
MADRID | Tue Apr 23, 2013 10:47am BST
(Reuters) - The Spanish stock market regulator said on Tuesday that airline IAG ICAG.C (ICAG.MC) had enough bid acceptances to gain control of airline Vueling (VULG.MC).
IAG, which already owns 45.85 percent of Vueling as well as British Airways and Spanish airline Iberia, last month raised its bid by almost one third after Vueling rejected a previous offer of 7 euros per share.
MADRID | Tue Apr 23, 2013 10:47am BST
(Reuters) - The Spanish stock market regulator said on Tuesday that airline IAG ICAG.C (ICAG.MC) had enough bid acceptances to gain control of airline Vueling (VULG.MC).
IAG, which already owns 45.85 percent of Vueling as well as British Airways and Spanish airline Iberia, last month raised its bid by almost one third after Vueling rejected a previous offer of 7 euros per share.
skinny
- 23 Apr 2013 11:43
- 103 of 466
Deutsche Bank Buy 262.35 256.40 330.00 330.00 Reiterates
Bank of America Merrill Lynch Buy 262.35 256.40 310.00 310.00 Reiterates
Bank of America Merrill Lynch Buy 262.35 256.40 310.00 310.00 Reiterates
skinny
- 24 Apr 2013 07:10
- 104 of 466
Liberum Capital Hold 269.55 269.60 - - Upgrades
skinny
- 24 Apr 2013 08:12
- 105 of 466
Making new highs this morning.
;MA(50);MA(200);&IND=VOLMA(60);RSI(14);MACD(26,12,9)&Layout=2Line;Default;Price;HisDate&XCycle=&XFormat=)
skinny
- 24 Apr 2013 08:48
- 106 of 466
Credit Suisse Outperform 277.80 269.60 295.00 328.00 Reiterates
Chris Carson
- 24 Apr 2013 08:55
- 107 of 466
Chart looking good skinny.
Greystone
- 24 Apr 2013 08:57
- 108 of 466
Liberum Capital upgraded the BA/Iberia operator to hold from sell today.
skinny
- 01 May 2013 12:09
- 109 of 466
Deutsche Bank Buy 272.80 272.00 330.00 330.00 Reiterates
skinny
- 08 May 2013 14:38
- 110 of 466
Credit Suisse Outperform 280.95 281.40 328.00 328.00 Reiterates
Deutsche Bank Buy 280.95 281.40 330.00 330.00 Reiterates
Deutsche Bank Buy 280.95 281.40 330.00 330.00 Reiterates
skinny
- 08 May 2013 15:01
- 111 of 466
APRIL 2013 - IAG GROUP TRAFFIC AND CAPACITY STATISTICS
§ In April 2013, Group traffic measured in Revenue Passenger Kilometres decreased by 5.6 per cent versus April 2012; Group capacity measured in Available Seat Kilometres was down 2.9 per cent.
§ Group premium traffic for the month of April increased by 1.8 per cent compared to the previous year. Non-premium traffic decreased by 6.9 per cent.
§ Traffic and load factor were affected by Easter and a Group policy to improve unit revenues through yield, rather than load. To look through the Easter effect, it is necessary to aggregate March and April. In doing so, load factor reduction was 0.6 points, premium traffic increased by 0.6 per cent and non-premium traffic decreased by 3.2 per cent.
§ Underlying market conditions remain unchanged from those described at the publication of Quarter Four results on 28th February.
May 8th, 2013
§ In April 2013, Group traffic measured in Revenue Passenger Kilometres decreased by 5.6 per cent versus April 2012; Group capacity measured in Available Seat Kilometres was down 2.9 per cent.
§ Group premium traffic for the month of April increased by 1.8 per cent compared to the previous year. Non-premium traffic decreased by 6.9 per cent.
§ Traffic and load factor were affected by Easter and a Group policy to improve unit revenues through yield, rather than load. To look through the Easter effect, it is necessary to aggregate March and April. In doing so, load factor reduction was 0.6 points, premium traffic increased by 0.6 per cent and non-premium traffic decreased by 3.2 per cent.
§ Underlying market conditions remain unchanged from those described at the publication of Quarter Four results on 28th February.
May 8th, 2013
skinny
- 10 May 2013 07:04
- 112 of 466
1st Quarter Results
THREE MONTHS RESULTS ANNOUNCEMENT
International Consolidated Airlines Group (IAG) today (May 10, 2013) presented Group consolidated results for the three months to March 31, 2013.
IAG period highlights:
§ First quarter operating loss of €278 million, before exceptional items (2012: €249 million loss)
§ There was an exceptional charge of €311 million in the quarter, principally relating to restructuring at Iberia (2012: €37 million exceptional
credit)
§ Revenue for the quarter up 0.5 per cent to €3,939 million (2012: €3,919 million), including €46 million or 1.2 per cent of unfavourable
currency impact. Passenger unit revenue for the quarter up 3.9 per cent (5.3 per cent at constant currency), on capacity decreases of
2.1 per cent
§ Fuel costs for the quarter down 3.4 per cent to €1,361 million (2012: €1,409 million). Fuel unit costs were down 1.5 per cent
§ Non-fuel costs before exceptional items for the quarter up 3.5 per cent at €2,856 million, including €24 million or 0.9 per cent of adverse
currency impact. Non-fuel unit costs up 5.8 per cent, or 4.9 per cent at constant currency
§ Cash of €2,833 million at quarter end was down €76 million and Group net debt down €157 million in the quarter to €1,732 million
THREE MONTHS RESULTS ANNOUNCEMENT
International Consolidated Airlines Group (IAG) today (May 10, 2013) presented Group consolidated results for the three months to March 31, 2013.
IAG period highlights:
§ First quarter operating loss of €278 million, before exceptional items (2012: €249 million loss)
§ There was an exceptional charge of €311 million in the quarter, principally relating to restructuring at Iberia (2012: €37 million exceptional
credit)
§ Revenue for the quarter up 0.5 per cent to €3,939 million (2012: €3,919 million), including €46 million or 1.2 per cent of unfavourable
currency impact. Passenger unit revenue for the quarter up 3.9 per cent (5.3 per cent at constant currency), on capacity decreases of
2.1 per cent
§ Fuel costs for the quarter down 3.4 per cent to €1,361 million (2012: €1,409 million). Fuel unit costs were down 1.5 per cent
§ Non-fuel costs before exceptional items for the quarter up 3.5 per cent at €2,856 million, including €24 million or 0.9 per cent of adverse
currency impact. Non-fuel unit costs up 5.8 per cent, or 4.9 per cent at constant currency
§ Cash of €2,833 million at quarter end was down €76 million and Group net debt down €157 million in the quarter to €1,732 million
skinny
- 10 May 2013 07:51
- 113 of 466
Bank of America Merrill Lynch Buy 0.00 310.00 310.00 Reiterates
skinny
- 13 May 2013 08:50
- 114 of 466
Beaufort Securities Hold 271.60 - - Retains
Deutsche Bank Buy 271.60 330.00 - Reiterates
Credit Suisse Outperform 267.70 328.00 345.00 Reiterates
Deutsche Bank Buy 271.60 330.00 - Reiterates
Credit Suisse Outperform 267.70 328.00 345.00 Reiterates
skinny
- 14 May 2013 07:12
- 115 of 466
IAG Convertible Bond Launch
CONVERTIBLE BOND LAUNCH
International Airlines Group (IAG) is launching a senior unsecured convertible bond offer of up to an approximate maximum amount of €400 million to fund its acquisition of Vueling, enhance liquidity and lower its cost of capital.
The bonds, which are due to mature in 2018, can be converted into ordinary shares of IAG. It is expected that the bonds' conversion price will be set at a premium of between 30 - 35 per cent with a fixed rate of interest between 1.75 - 2.5 per cent, payable semi-annually in arrears. The final size of the offer will be determined at the time of pricing which is expected to be later today. Full conversion of the bonds would increase the number of IAG shares in issue by up to five per cent.
CONVERTIBLE BOND LAUNCH
International Airlines Group (IAG) is launching a senior unsecured convertible bond offer of up to an approximate maximum amount of €400 million to fund its acquisition of Vueling, enhance liquidity and lower its cost of capital.
The bonds, which are due to mature in 2018, can be converted into ordinary shares of IAG. It is expected that the bonds' conversion price will be set at a premium of between 30 - 35 per cent with a fixed rate of interest between 1.75 - 2.5 per cent, payable semi-annually in arrears. The final size of the offer will be determined at the time of pricing which is expected to be later today. Full conversion of the bonds would increase the number of IAG shares in issue by up to five per cent.
skinny
- 14 Jun 2013 06:36
- 116 of 466
Boeing set to confirm plans for larger 787 Dreamliner - sources
Fri Jun 14, 2013 2:20am BST
(Reuters) - Boeing Co (BA.N) is poised to launch a larger member of its 787 Dreamliner jetliner family to meet demand for long-haul travel within Asia and other long-haul routes, sources told Reuters on Thursday.
Long-discussed plans for a 323-seat version of the 787 are likely to be formally announced at next week's Paris Airshow, the sources said, confirming a Wall Street Journal report.
"We have no comment on the report but we are engaged in discussions with customers on a potential new member of the 787 family," a Boeing spokesman said.
Fri Jun 14, 2013 2:20am BST
(Reuters) - Boeing Co (BA.N) is poised to launch a larger member of its 787 Dreamliner jetliner family to meet demand for long-haul travel within Asia and other long-haul routes, sources told Reuters on Thursday.
Long-discussed plans for a 323-seat version of the 787 are likely to be formally announced at next week's Paris Airshow, the sources said, confirming a Wall Street Journal report.
"We have no comment on the report but we are engaged in discussions with customers on a potential new member of the 787 family," a Boeing spokesman said.
skinny
- 14 Jun 2013 07:00
- 117 of 466
A350: The aircraft that Airbus did not want to build
After many years on the drawing board and $15bn (£9.5bn) of investment the latest potential blockbuster from Airbus is due to make its long-awaited first flight on Friday.
The A350XWB (extra wide body) is an aircraft which Airbus says will set new standards in fuel efficiency and environmental performance.
The long-range, twin-engined plane is being pitched as a direct rival to Boeing's radical 787 Dreamliner, another airliner which claims to have taken aircraft technology to new heights.
Yet, the A350 is also an aircraft that Airbus never really wanted to build.
After many years on the drawing board and $15bn (£9.5bn) of investment the latest potential blockbuster from Airbus is due to make its long-awaited first flight on Friday.
The A350XWB (extra wide body) is an aircraft which Airbus says will set new standards in fuel efficiency and environmental performance.
The long-range, twin-engined plane is being pitched as a direct rival to Boeing's radical 787 Dreamliner, another airliner which claims to have taken aircraft technology to new heights.
Yet, the A350 is also an aircraft that Airbus never really wanted to build.
skinny
- 26 Jun 2013 07:41
- 118 of 466
British Airways inaugural $927 million EETC Bond Issue
International Consolidated Airlines Group, S.A. ("IAG") today announces the successful launch by British Airways of an inaugural $927 million publicly-traded bond issue, using aircraft as collateral. These bonds are known as EETCs, or Enhanced Equipment Trust Certificates, and are a form of aircraft financing commonly used by US airlines.
International Consolidated Airlines Group, S.A. ("IAG") today announces the successful launch by British Airways of an inaugural $927 million publicly-traded bond issue, using aircraft as collateral. These bonds are known as EETCs, or Enhanced Equipment Trust Certificates, and are a form of aircraft financing commonly used by US airlines.
HARRYCAT
- 26 Jun 2013 08:09
- 119 of 466
I thought aircraft were leased so how can you use them as collateral?
Obviously you can, but seems to be a book keeping trick!
Obviously you can, but seems to be a book keeping trick!
skinny
- 26 Jun 2013 08:16
- 120 of 466
HARRYCAT
- 27 Jun 2013 13:06
- 121 of 466
Merrill Lynch comment today:
"Post the sale of Bankia’s stake, we feel that one of the overhangs on IAG’s shares has been cleared and that investors can refocus more on the improving fundamentals. We are reiterating our Buy on IAG with a 310p price objective. We believe the best time to build a position in any airline is when:
There are capacity reductions, which provides sustenance for consensus upgrades.
The bears have a short-term red herring over which to be concerned.
A valuation is discounting value destruction, with an uptick in CROCE.
IAG qualifies strongly under all three banners
At IAG group-wide capacity will likely be down c.1.5% this year. Consensus upgrades are being driven by strong revenue momentum across the North Atlantic (we estimate RASK has been at c.+10% YoY in H1’13). Our group-wide FY13E EBIT forecast of €833mn is c.€200mn above consensus, driven by a c.100bp differential on yields (vs. consensus; BofAMLe +5% YoY).
In terms of red herrings, we regard the Iberia issues as a distraction, with little value being given to the Iberia asset in the share price.
We estimate an FY13 EV/CE multiple of 0.40x, with the business covering its cost of capital in FY15. Our 310p PO is based on an EV/CE multiple of 0.45x, which is similar to where BA traded in 2007."
"Post the sale of Bankia’s stake, we feel that one of the overhangs on IAG’s shares has been cleared and that investors can refocus more on the improving fundamentals. We are reiterating our Buy on IAG with a 310p price objective. We believe the best time to build a position in any airline is when:
There are capacity reductions, which provides sustenance for consensus upgrades.
The bears have a short-term red herring over which to be concerned.
A valuation is discounting value destruction, with an uptick in CROCE.
IAG qualifies strongly under all three banners
At IAG group-wide capacity will likely be down c.1.5% this year. Consensus upgrades are being driven by strong revenue momentum across the North Atlantic (we estimate RASK has been at c.+10% YoY in H1’13). Our group-wide FY13E EBIT forecast of €833mn is c.€200mn above consensus, driven by a c.100bp differential on yields (vs. consensus; BofAMLe +5% YoY).
In terms of red herrings, we regard the Iberia issues as a distraction, with little value being given to the Iberia asset in the share price.
We estimate an FY13 EV/CE multiple of 0.40x, with the business covering its cost of capital in FY15. Our 310p PO is based on an EV/CE multiple of 0.45x, which is similar to where BA traded in 2007."
skinny
- 17 Jul 2013 07:36
- 122 of 466
Jefferies International Buy 0.00 - 320.00 Initiates/Starts
Deutsche Bank Buy 0.00 330.00 330.00 Reiterates
Morgan Stanley Overweight 0.00 - - Reiterates
Deutsche Bank Buy 0.00 330.00 330.00 Reiterates
Morgan Stanley Overweight 0.00 - - Reiterates
skinny
- 19 Jul 2013 07:18
- 123 of 466
RBC Capital Markets Outperform 0.00 - 330.00 Reiterates
skinny
- 19 Jul 2013 13:34
- 124 of 466
2 year+ high @290.00p
skinny
- 22 Jul 2013 06:54
- 125 of 466
skinny
- 02 Aug 2013 07:09
- 126 of 466
Half Yearly report
SIX MONTHS RESULTS ANNOUNCEMENT
International Consolidated Airlines Group (IAG) today (August 2, 2013) presented Group consolidated results for the six months to June 30, 2013.
IAG period highlights on results:
· Second quarter operating profit €245 million (2012: loss €4 million) before exceptional items, based on strong passenger unit revenues and non-fuel unit cost improvements
· Before Vueling at constant currency, second quarter passenger unit revenue up 4.8 per cent and non-fuel unit costs down 0.2 per cent
· Operating loss for the half year €33 million (2012: loss €253 million) before exceptional items
· Revenue for the half year up 2.1 per cent to €8,707 million including 1.7 per cent adverse currency impact
· Passenger unit revenue for the half year up 2.8 per cent (4.6 per cent at constant currency), on capacity increase of 1.2 per cent
· Fuel costs for the half year down 3.7 per cent to €2,864 million (2012: €2,973 million). Fuel unit costs down 4.7 per cent at constant currency
· Non-fuel costs before exceptional items for the half year up 1.1 per cent at €5,876 million. Non-fuel unit costs down 0.2 per cent, up 0.9 per cent at constant currency
· Cash €3,627 million at June 30, 2013, up €718 million including €549 million of Vueling cash
· Adjusted gearing up 3 points to 54 per cent including Vueling
SIX MONTHS RESULTS ANNOUNCEMENT
International Consolidated Airlines Group (IAG) today (August 2, 2013) presented Group consolidated results for the six months to June 30, 2013.
IAG period highlights on results:
· Second quarter operating profit €245 million (2012: loss €4 million) before exceptional items, based on strong passenger unit revenues and non-fuel unit cost improvements
· Before Vueling at constant currency, second quarter passenger unit revenue up 4.8 per cent and non-fuel unit costs down 0.2 per cent
· Operating loss for the half year €33 million (2012: loss €253 million) before exceptional items
· Revenue for the half year up 2.1 per cent to €8,707 million including 1.7 per cent adverse currency impact
· Passenger unit revenue for the half year up 2.8 per cent (4.6 per cent at constant currency), on capacity increase of 1.2 per cent
· Fuel costs for the half year down 3.7 per cent to €2,864 million (2012: €2,973 million). Fuel unit costs down 4.7 per cent at constant currency
· Non-fuel costs before exceptional items for the half year up 1.1 per cent at €5,876 million. Non-fuel unit costs down 0.2 per cent, up 0.9 per cent at constant currency
· Cash €3,627 million at June 30, 2013, up €718 million including €549 million of Vueling cash
· Adjusted gearing up 3 points to 54 per cent including Vueling
skinny
- 04 Aug 2013 18:29
- 127 of 466
skinny
- 05 Aug 2013 08:15
- 128 of 466
Deutsche Bank Buy 0.00 317.00 330.00 360.00 Reiterates
skinny
- 05 Aug 2013 08:51
- 129 of 466
HSBC Overweight 318.55 317.00 350.00 375.00 Reiterates
Credit Suisse Outperform 318.55 317.00 345.00 345.00 Reiterates
Credit Suisse Outperform 318.55 317.00 345.00 345.00 Reiterates
skinny
- 06 Aug 2013 07:39
- 130 of 466
Citigroup Buy 326.70 326.70 300.00 380.00 Upgrades
skinny
- 06 Aug 2013 15:07
- 131 of 466
Traffic Statistics July 2013M
JULY 2013 - IAG GROUP TRAFFIC AND CAPACITY STATISTICS
∙ In July 2013, Group traffic measured in Revenue Passenger Kilometres increased by 6.6 per cent versus July 2012 (down 2.8 per cent on a pro-forma basis); Group capacity measured in Available Seat Kilometres rose by 8.5 per cent (down 1.7 per cent on a pro-forma basis).
∙ Group premium traffic for the month of July increased by 0.4 per cent compared to the previous year, on falling capacity.
∙ Traffic in long haul is still influenced by the Group policy to improve unit revenues through yield, rather than load, as well as by the timing of Ramadan.
∙ Underlying market conditions remain unchanged from those described at the publication of Quarter Two results on 2 August.
6 August 2013
JULY 2013 - IAG GROUP TRAFFIC AND CAPACITY STATISTICS
∙ In July 2013, Group traffic measured in Revenue Passenger Kilometres increased by 6.6 per cent versus July 2012 (down 2.8 per cent on a pro-forma basis); Group capacity measured in Available Seat Kilometres rose by 8.5 per cent (down 1.7 per cent on a pro-forma basis).
∙ Group premium traffic for the month of July increased by 0.4 per cent compared to the previous year, on falling capacity.
∙ Traffic in long haul is still influenced by the Group policy to improve unit revenues through yield, rather than load, as well as by the timing of Ramadan.
∙ Underlying market conditions remain unchanged from those described at the publication of Quarter Two results on 2 August.
6 August 2013
skinny
- 09 Aug 2013 08:15
- 132 of 466
HSBC Overweight 0.00 323.40 375.00 375.00 Reiterates
Jefferies International Buy 323.40 323.40 - 355.00 Reiterates
Jefferies International Buy 323.40 323.40 - 355.00 Reiterates
skinny
- 14 Aug 2013 07:13
- 133 of 466
Deutsche Bank Buy 320.60 320.60 360.00 360.00 Reiterates
Nomura Buy 320.60 320.60 283.00 335.00 Retains
Nomura Buy 320.60 320.60 283.00 335.00 Retains
skinny
- 15 Aug 2013 07:15
- 134 of 466
Shorthaul fleet order
International Airlines Group (IAG) has secured firm orders and options for up to 220 Airbus A320 family shorthaul aircraft - up to 120 of these for its subsidiary Vueling. The new aircraft will enable the Barcelona-based airline to replace some of its existing A320 fleet and expand its business.
The Vueling agreement comprises 62 firm orders - 30 A320ceo and 32 A320neo - plus 58 options. The firm orders will be delivered to Vueling between 2015 and 2020.
In addition, IAG has secured 100 A320neo options which could be used for any of the airlines in the Group - British Airways, Iberia or Vueling - for aircraft replacement requirements.
International Airlines Group (IAG) has secured firm orders and options for up to 220 Airbus A320 family shorthaul aircraft - up to 120 of these for its subsidiary Vueling. The new aircraft will enable the Barcelona-based airline to replace some of its existing A320 fleet and expand its business.
The Vueling agreement comprises 62 firm orders - 30 A320ceo and 32 A320neo - plus 58 options. The firm orders will be delivered to Vueling between 2015 and 2020.
In addition, IAG has secured 100 A320neo options which could be used for any of the airlines in the Group - British Airways, Iberia or Vueling - for aircraft replacement requirements.
mitzy - 15 Aug 2013 15:41 - 135 of 466
Talk of a bid for Flyb.
skinny
- 27 Aug 2013 11:18
- 136 of 466
Investec Hold 304.60 315.80 270.00 320.00 Downgrade
skinny
- 06 Sep 2013 08:55
- 137 of 466
Cantor Fitzgerald Buy 303.10 299.40 290.00 360.00 Reiterates
Deutsche Bank Buy 302.55 360.00 360.00 Reiterates
Deutsche Bank Buy 302.55 360.00 360.00 Reiterates
skinny
- 09 Sep 2013 07:26
- 138 of 466
Bank of America Merrill Lynch Buy 301.10 301.20 - 360.00 Reiterates
skinny
- 19 Sep 2013 06:42
- 139 of 466
Stan
- 19 Sep 2013 07:57
- 140 of 466
Well, that doesn't sound much good for the SP does it?
skinny
- 19 Sep 2013 07:58
- 141 of 466
No - I've twice been tempted to sell some @330p - looks like I may have a wait!
skinny
- 19 Sep 2013 08:15
- 142 of 466
Deutsche Bank Buy 0.00 323.20 360.00 360.00 Reiterates
skinny
- 21 Oct 2013 14:30
- 143 of 466
New multi year high @368.40p
;MA(50);MA(200)&IND=VOLMA(60);RSI(14)&Layout=2Line;Default;Price;HisDate&XCycle=&XFormat=)
skinny
- 23 Oct 2013 11:26
- 144 of 466
RBC Capital Markets Outperform 364.30 360.00 400.00 Reiterates
skinny
- 25 Oct 2013 11:00
- 145 of 466
Deutsche Bank Buy 357.20 364.00 - 360.00 Reiterates
skinny
- 04 Nov 2013 07:13
- 146 of 466
Deutsche Bank Buy 353.90 353.90 360.00 400.00 Reiterates
skinny
- 08 Nov 2013 07:04
- 147 of 466
3rd Quarter results
IAG period highlights on results:
· Third quarter operating profit €690 million (2012: €270 million) before exceptional items
· At constant currency, third quarter passenger unit revenue up 6.7 per cent (excluding Vueling 7.4 per cent) and non-fuel unit costs down 4.3 per cent (excluding Vueling up 0.6 per cent)
· Operating profit for the nine month period €657 million (2012: €17 million) before exceptional items
· Revenue for the nine month period up 3.9 per cent to €14,113 million
· Passenger unit revenue for the nine month period up 2.3 per cent (5.6 per cent at constant currency)
· Fuel costs for the nine month period down 3.4 per cent to €4,475 million (2012: €4,633 million). Fuel unit costs down 5.4 per cent at constant currency
· Non-fuel costs before exceptional items for the nine month period up 0.5 per cent at €8,981 million. Non-fuel unit costs down 3.5 per cent, down 1.1 per cent at constant currency
· Cash €3,740 million at September 30, 2013, up €831 million from December including €591 million of Vueling cash
· Adjusted gearing down 2 points to 49 per cent including Vuelin
IAG period highlights on results:
· Third quarter operating profit €690 million (2012: €270 million) before exceptional items
· At constant currency, third quarter passenger unit revenue up 6.7 per cent (excluding Vueling 7.4 per cent) and non-fuel unit costs down 4.3 per cent (excluding Vueling up 0.6 per cent)
· Operating profit for the nine month period €657 million (2012: €17 million) before exceptional items
· Revenue for the nine month period up 3.9 per cent to €14,113 million
· Passenger unit revenue for the nine month period up 2.3 per cent (5.6 per cent at constant currency)
· Fuel costs for the nine month period down 3.4 per cent to €4,475 million (2012: €4,633 million). Fuel unit costs down 5.4 per cent at constant currency
· Non-fuel costs before exceptional items for the nine month period up 0.5 per cent at €8,981 million. Non-fuel unit costs down 3.5 per cent, down 1.1 per cent at constant currency
· Cash €3,740 million at September 30, 2013, up €831 million from December including €591 million of Vueling cash
· Adjusted gearing down 2 points to 49 per cent including Vuelin
skinny
- 08 Nov 2013 08:17
- 148 of 466
IAG GROUP OCTOBER 2013 - GROUP TRAFFIC AND CAPACITY STATISTICS
§ In October 2013, Group traffic measured in Revenue Passenger Kilometres increased by 8.9 per cent versus October 2012 (up 1.1 per cent on a pro-forma basis); Group capacity measured in Available Seat Kilometres rose by 8.0 per cent (down 0.1 per cent on a pro-forma basis).
§ Group premium traffic for the month of October increased by 4.0 per cent compared to the previous year, on falling capacity.
§ For current outlook please see Quarter Three results presentation.
8 November 2013
STRATEGIC DEVELOPMENTS
On 29 October, Qatar Airways joined oneworld, becoming the first major Gulf carrier to join a global airline alliance. British Airways was its sponsor into the alliance. The airline serves more than 130 destinations in 70 countries. The addition of Qatar Airways to oneworld enhances the alliance's network and product offerings in one of the world's fastest growing regions for air travel demand.
British Airways announced that its hand-baggage only and new semi-flex fare options are now available across its short-haul network of more than 90 destinations.
On 15 October, Iberia unveiled its new corporate image as part of its transformation plan which aims to reshape the company into a modern, competitive and trend-setting airline. In mid-November Iberia will start to operate its fifth Airbus A330, which will be the first with the new livery in place.
Vueling will offer seven new destinations from Barcelona-El Prat airport in the summer 2014 season: Dakar, Warsaw, Leipzig, Budapest, Belgrade and Porto and Jerez. With these new routes, Vueling will have a total of 111 destinations from Barcelona to Europe, North Africa and Middle East.
§ In October 2013, Group traffic measured in Revenue Passenger Kilometres increased by 8.9 per cent versus October 2012 (up 1.1 per cent on a pro-forma basis); Group capacity measured in Available Seat Kilometres rose by 8.0 per cent (down 0.1 per cent on a pro-forma basis).
§ Group premium traffic for the month of October increased by 4.0 per cent compared to the previous year, on falling capacity.
§ For current outlook please see Quarter Three results presentation.
8 November 2013
STRATEGIC DEVELOPMENTS
On 29 October, Qatar Airways joined oneworld, becoming the first major Gulf carrier to join a global airline alliance. British Airways was its sponsor into the alliance. The airline serves more than 130 destinations in 70 countries. The addition of Qatar Airways to oneworld enhances the alliance's network and product offerings in one of the world's fastest growing regions for air travel demand.
British Airways announced that its hand-baggage only and new semi-flex fare options are now available across its short-haul network of more than 90 destinations.
On 15 October, Iberia unveiled its new corporate image as part of its transformation plan which aims to reshape the company into a modern, competitive and trend-setting airline. In mid-November Iberia will start to operate its fifth Airbus A330, which will be the first with the new livery in place.
Vueling will offer seven new destinations from Barcelona-El Prat airport in the summer 2014 season: Dakar, Warsaw, Leipzig, Budapest, Belgrade and Porto and Jerez. With these new routes, Vueling will have a total of 111 destinations from Barcelona to Europe, North Africa and Middle East.
skinny
- 08 Nov 2013 10:51
- 149 of 466
Davy Research Outperform 370.05 349.00 - - Reiterates
Prime Markets Buy 367.40 349.00 385.00 385.00 Reiterates
Prime Markets Buy 367.40 349.00 385.00 385.00 Reiterates
skinny
- 08 Nov 2013 14:56
- 150 of 466
Excellent gap up - £4 beckons.
doodlebug4 - 08 Nov 2013 15:00 - 151 of 466
Well done skinny - another choo, choo I've missed.:-)
skinny
- 13 Nov 2013 06:34
- 152 of 466
Deutsche Bank Buy 384.20 384.20 400.00 430.00 Reiterates
HSBC Overweight 384.20 384.20 420.00 420.00 Reiterates
HSBC Overweight 384.20 384.20 420.00 420.00 Reiterates
skinny
- 14 Nov 2013 16:21
- 153 of 466
Directorate Change
IAG BOARD CHANGE
International Consolidated Airlines Group (IAG) is announcing that John Snow has notified his intention to resign as a director at the next IAG Board meeting on December 19, 2013.
The Board's Nominations Committee has proposed the appointment of Dame Marjorie Scardino as an independent non-executive director and this will be submitted for approval at the next Board meeting.
ends
IAG BOARD CHANGE
International Consolidated Airlines Group (IAG) is announcing that John Snow has notified his intention to resign as a director at the next IAG Board meeting on December 19, 2013.
The Board's Nominations Committee has proposed the appointment of Dame Marjorie Scardino as an independent non-executive director and this will be submitted for approval at the next Board meeting.
ends
skinny
- 15 Nov 2013 07:21
- 154 of 466
INTERNATIONAL AIRLINES GROUP CAPITAL MARKETS DAY
At its Capital Markets Day today (November 15, 2013) IAG will update the market with the following information:
· IAG is targeting a €1.8 billion operating profit in 2015, up from €1.6 billion through:
o Impact of Vueling integration and performance
o Improved margins in British Airways increasing the 2015 operating profit target from £1.1 billion to £1.3 billion
o Iberia recovery plan on track with improvement expected
o Additional contribution coming from British Airways and Vueling growth
· Aiming for a level of EPS ≥ €0.54 (RoIC ≥ 12 per cent)
· Keeping 2015 leverage at around 55 per cent (pre IAS19)
· Heading for a business model that could sustain organic growth levels of 2-3 per cent (excluding Vueling) beyond 2015
o Assuming capex of €2.0 - €2.2 billion per year
o Providing market level returns for our shareholders
The presentations from the Capital Markets Day can be accessed via www.iairgroup.com and a webcast of the event will be available today from 0900 GMT/1000 CET.
At its Capital Markets Day today (November 15, 2013) IAG will update the market with the following information:
· IAG is targeting a €1.8 billion operating profit in 2015, up from €1.6 billion through:
o Impact of Vueling integration and performance
o Improved margins in British Airways increasing the 2015 operating profit target from £1.1 billion to £1.3 billion
o Iberia recovery plan on track with improvement expected
o Additional contribution coming from British Airways and Vueling growth
· Aiming for a level of EPS ≥ €0.54 (RoIC ≥ 12 per cent)
· Keeping 2015 leverage at around 55 per cent (pre IAS19)
· Heading for a business model that could sustain organic growth levels of 2-3 per cent (excluding Vueling) beyond 2015
o Assuming capex of €2.0 - €2.2 billion per year
o Providing market level returns for our shareholders
The presentations from the Capital Markets Day can be accessed via www.iairgroup.com and a webcast of the event will be available today from 0900 GMT/1000 CET.
skinny
- 15 Nov 2013 12:34
- 155 of 466
IAG ups 2015 profit target on British Airways growth, Iberia recovery
(Reuters) - International Airlines Group on Friday raised its 2015 operating profit target by 12.5 percent, due to expected growth from British Airways (BA) and Vueling and the recovery of Iberia.
IAG, which owns the three airlines, raised its 2015 operating profit target to 1.8 billion euros ($2.42 billion) from 1.6 billion euros due to the expected impact of integrating Spanish budget carrier Vueling, which it took control of earlier this year, improved margins at BA and a recovery at Iberia.
Prior to Friday's statement the airline group is expected to report an average 2015 operating profit of 1.63 billion euros, according to Thomson Reuters data.
(Reuters) - International Airlines Group on Friday raised its 2015 operating profit target by 12.5 percent, due to expected growth from British Airways (BA) and Vueling and the recovery of Iberia.
IAG, which owns the three airlines, raised its 2015 operating profit target to 1.8 billion euros ($2.42 billion) from 1.6 billion euros due to the expected impact of integrating Spanish budget carrier Vueling, which it took control of earlier this year, improved margins at BA and a recovery at Iberia.
Prior to Friday's statement the airline group is expected to report an average 2015 operating profit of 1.63 billion euros, according to Thomson Reuters data.
skinny
- 18 Nov 2013 12:38
- 156 of 466
Credit Suisse Outperform 366.85 362.20 443.00 443.00 Reiterates
Nomura Buy 366.85 362.20 335.00 380.00 Retains
Nomura Buy 366.85 362.20 335.00 380.00 Retains
skinny
- 25 Nov 2013 07:43
- 157 of 466
Jefferies International Buy 362.80 362.80 - 410.00 Retains
Chris Carson
- 25 Nov 2013 08:41
- 158 of 466
Nice chart skinny.
skinny
- 20 Dec 2013 08:07
- 159 of 466
Making new highs this morning - 394.80p
skinny
- 24 Dec 2013 09:48
- 160 of 466
New high and 4 quid @402.40p
skinny
- 02 Jan 2014 12:13
- 161 of 466
New high @405.80p
;MA(50);MA(200)&IND=MACD(26,12,9);RSI(14);VOLMA(60)&Layout=2Line;Default;Price;HisDate&XCycle=&XFormat=)
skinny
- 06 Jan 2014 11:20
- 162 of 466
New high @416.30p
skinny
- 07 Jan 2014 15:22
- 163 of 466
International Cons Airlines Group Traffic Statistics December 2013
-- In December 2013, Group traffic measured in Revenue Passenger Kilometres increased by 10.6 per cent versus December 2012 (up 3.6 per cent on a pro-forma basis); Group capacity measured in Available Seat Kilometres rose by 9.1 per cent (up 1.9 per cent on a pro-forma basis).
-- Group premium traffic for the month of December increased by 7.3 per cent compared to the previous year, with a greater increase in load factor than that experienced in the non-premium cabin.
-- Underlying market conditions remain unchanged from those described at the publication of Capital Markets Day and Quarter Three results.
7 January 2014
STRATEGIC DEVELOPMENTS
On 2 December, Iberia announced that it has completed the reorganisation of its management team as part of its restructuring plan. The total number of management positions has been reduced by 48 per cent from 399 to 208. In addition, Iberia announced the reduction of the minimum connecting time between its flights at Terminal 4 in Madrid- Barajas airport enabling an additional 1,200 flight connections to be made each week.
On 10 December, British Airways announced that it is extending the number of routes operated by its new A380 and 787 fleets. The A380 will start services to Washington DC from September 2014, having already announced it will operate to Johannesburg in February 2014. The aircraft is already flying to Los Angeles and Hong Kong. The 787s will be operated on flights to Hyderabad from March, Chengdu from May, Philadelphia from June and Calgary from July 2014.
British Airways cancelled around 200 flights on 7 December, due to a technical failure at UK NATS (National Air Traffic Services).
Certain information included in these statements is forward-looking and involves risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward-looking statements.
Forward-looking statements include, without limitation, projections relating to results of operations and financial conditions and International Consolidated Airlines Group S.A. (the 'Group') plans and objectives for future operations, including, without limitation, discussions of the Group's Business Plan, expected future revenues, financing plans and expected expenditures and divestments. All forward-looking statements in this report are based upon information known to the Group on the date of this report. The Group undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
It is not reasonably possible to itemise all of the many factors and specific events that could cause the Group's forward-looking statements to be incorrect or that could otherwise have a material adverse effect on the future operations or results of an airline operating in the global economy. Further information on the primary risks of the business and the risk management process of the Group is given in the Annual Report and Accounts 2012; this document is available on www.iagshares.com.
-- In December 2013, Group traffic measured in Revenue Passenger Kilometres increased by 10.6 per cent versus December 2012 (up 3.6 per cent on a pro-forma basis); Group capacity measured in Available Seat Kilometres rose by 9.1 per cent (up 1.9 per cent on a pro-forma basis).
-- Group premium traffic for the month of December increased by 7.3 per cent compared to the previous year, with a greater increase in load factor than that experienced in the non-premium cabin.
-- Underlying market conditions remain unchanged from those described at the publication of Capital Markets Day and Quarter Three results.
7 January 2014
STRATEGIC DEVELOPMENTS
On 2 December, Iberia announced that it has completed the reorganisation of its management team as part of its restructuring plan. The total number of management positions has been reduced by 48 per cent from 399 to 208. In addition, Iberia announced the reduction of the minimum connecting time between its flights at Terminal 4 in Madrid- Barajas airport enabling an additional 1,200 flight connections to be made each week.
On 10 December, British Airways announced that it is extending the number of routes operated by its new A380 and 787 fleets. The A380 will start services to Washington DC from September 2014, having already announced it will operate to Johannesburg in February 2014. The aircraft is already flying to Los Angeles and Hong Kong. The 787s will be operated on flights to Hyderabad from March, Chengdu from May, Philadelphia from June and Calgary from July 2014.
British Airways cancelled around 200 flights on 7 December, due to a technical failure at UK NATS (National Air Traffic Services).
Certain information included in these statements is forward-looking and involves risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward-looking statements.
Forward-looking statements include, without limitation, projections relating to results of operations and financial conditions and International Consolidated Airlines Group S.A. (the 'Group') plans and objectives for future operations, including, without limitation, discussions of the Group's Business Plan, expected future revenues, financing plans and expected expenditures and divestments. All forward-looking statements in this report are based upon information known to the Group on the date of this report. The Group undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
It is not reasonably possible to itemise all of the many factors and specific events that could cause the Group's forward-looking statements to be incorrect or that could otherwise have a material adverse effect on the future operations or results of an airline operating in the global economy. Further information on the primary risks of the business and the risk management process of the Group is given in the Annual Report and Accounts 2012; this document is available on www.iagshares.com.
skinny
- 08 Jan 2014 08:59
- 164 of 466
Making new highs again today.
skinny
- 08 Jan 2014 11:56
- 165 of 466
Credit Suisse Outperform 434.40 443.00 443.00 Reiterates
skinny
- 13 Feb 2014 15:54
- 166 of 466
IBERIA REACHES LANDMARK AGREEMENT WITH PILOTS' UNION
International Airlines Group (IAG) announces today that Iberia has reached agreement in principle with its pilots' union, SEPLA, to introduce permanent structural change and improve the airline's viability. It also heralds a new positive working relationship between Iberia and SEPLA after years of conflict.
This landmark agreement provides a strong foundation to put Iberia on the path towards sustainable profitable growth - the more positive of the two scenarios outlined at IAG's Capital Markets Day in November 2013. It will also enable Iberia to become more competitive and reduce its cost base.
The main impacts of the agreement are:
· Fundamental productivity improvements within Iberia.
· Salaries to remain frozen until 2015 as outlined in the Mediation Agreement. After that date, increases will be subject to the airline's profitability.
· The Mediation Agreement provided a 14 per cent salary reduction for pilots and an additional 4 per cent cut linked to the productivity agreement. With these productivity improvements, the 4 per cent will be returned.
· Facilitates the growth of Iberia and Iberia Express.
Luis Gallego, Iberia's executive chairman, said: "I would like to thank the efforts made by SEPLA, the pilots and Iberia's management team who worked together to reach this agreement. This groundbreaking deal reduces the cost structure and provides the foundation for the airline to grow profitably. A strong and profitable Iberia can protect jobs in the long term and boost tourism which is a key driver in Barajas and Spain's economic recovery.
"Iberia is the natural airline choice for Latin America and this agreement will enable it to be a formidable competitor and build on its new brand, providing customers with great service and an extensive network.
"This agreement also enables the growth of Iberia Express with a competitive cost base and provides promotion opportunities for current Iberia and Iberia Express first officers. Iberia Express will help make Iberia profitable and stronger, by providing short haul feed, and will provide Spanish competition to low cost carriers".
Willie Walsh, IAG's chief executive said: "'Luis Gallego, his team and SEPLA deserve congratulations for striking a bold deal that will mark the turning point in Iberia's future. Luis has deservedly won the respect of the industry, his colleagues and the trade unions. Permanent structural change was the only way to save Iberia from slow decline. This agreement marks the beginning of its future".
This agreement in principle is subject to the approval of SEPLA's general assembly.
International Airlines Group (IAG) announces today that Iberia has reached agreement in principle with its pilots' union, SEPLA, to introduce permanent structural change and improve the airline's viability. It also heralds a new positive working relationship between Iberia and SEPLA after years of conflict.
This landmark agreement provides a strong foundation to put Iberia on the path towards sustainable profitable growth - the more positive of the two scenarios outlined at IAG's Capital Markets Day in November 2013. It will also enable Iberia to become more competitive and reduce its cost base.
The main impacts of the agreement are:
· Fundamental productivity improvements within Iberia.
· Salaries to remain frozen until 2015 as outlined in the Mediation Agreement. After that date, increases will be subject to the airline's profitability.
· The Mediation Agreement provided a 14 per cent salary reduction for pilots and an additional 4 per cent cut linked to the productivity agreement. With these productivity improvements, the 4 per cent will be returned.
· Facilitates the growth of Iberia and Iberia Express.
Luis Gallego, Iberia's executive chairman, said: "I would like to thank the efforts made by SEPLA, the pilots and Iberia's management team who worked together to reach this agreement. This groundbreaking deal reduces the cost structure and provides the foundation for the airline to grow profitably. A strong and profitable Iberia can protect jobs in the long term and boost tourism which is a key driver in Barajas and Spain's economic recovery.
"Iberia is the natural airline choice for Latin America and this agreement will enable it to be a formidable competitor and build on its new brand, providing customers with great service and an extensive network.
"This agreement also enables the growth of Iberia Express with a competitive cost base and provides promotion opportunities for current Iberia and Iberia Express first officers. Iberia Express will help make Iberia profitable and stronger, by providing short haul feed, and will provide Spanish competition to low cost carriers".
Willie Walsh, IAG's chief executive said: "'Luis Gallego, his team and SEPLA deserve congratulations for striking a bold deal that will mark the turning point in Iberia's future. Luis has deservedly won the respect of the industry, his colleagues and the trade unions. Permanent structural change was the only way to save Iberia from slow decline. This agreement marks the beginning of its future".
This agreement in principle is subject to the approval of SEPLA's general assembly.
skinny
- 14 Feb 2014 07:38
- 167 of 466
Deutsche Bank Buy 442.00 442.00 430.00 506.00 Reiterates
BAYLIS
- 14 Feb 2014 13:45
- 168 of 466
RED LINE IAG
skinny
- 24 Feb 2014 08:57
- 169 of 466
British Airways rated top brand in the UK
BRITISH Airways has topped the latest Superbrands survey for the first time, as Apple plummeted to 14th place below Kellogg's and Andrex.
The flag carrier beat more than 1500 companies to the top of the annual ranking of brand strength in the UK, partly because of residual goodwill from its association with the 2012 Olympics and Paralympics, according to Superbrands council chairman Stephen Cheliotis.
Last year's leader, Rolex, moved down to second place, while Apple fell from second place last year to 14th. Google also dropped for the second year running, albeit only from sixth to seventh place, and Microsoft slipped from third to sixth.
Mr Cheliotis said: "British Airways has always performed well in the survey but over the last two years its reputation has climbed to new heights, partly through the cementing of its successful To Fly, To Serve positioning and the residual goodwill from its effective 2012 Olympic and Paralympic Games association."
BRITISH Airways has topped the latest Superbrands survey for the first time, as Apple plummeted to 14th place below Kellogg's and Andrex.
The flag carrier beat more than 1500 companies to the top of the annual ranking of brand strength in the UK, partly because of residual goodwill from its association with the 2012 Olympics and Paralympics, according to Superbrands council chairman Stephen Cheliotis.
Last year's leader, Rolex, moved down to second place, while Apple fell from second place last year to 14th. Google also dropped for the second year running, albeit only from sixth to seventh place, and Microsoft slipped from third to sixth.
Mr Cheliotis said: "British Airways has always performed well in the survey but over the last two years its reputation has climbed to new heights, partly through the cementing of its successful To Fly, To Serve positioning and the residual goodwill from its effective 2012 Olympic and Paralympic Games association."
skinny
- 26 Feb 2014 12:54
- 170 of 466
Quietly making new 6+ year highs.
skinny
- 28 Feb 2014 07:02
- 171 of 466
Final Results
FULL YEAR RESULTS ANNOUNCEMENT
International Consolidated Airlines Group (IAG) today (February 28, 2014) presented Group consolidated results for the year to December 31, 2013.
IAG period highlights on results:
· Fourth quarter operating profit €113 million (2012: operating loss of €40 million) before exceptional items
· At constant currency and excluding Vueling and one-offs, fourth quarter passenger unit revenue up 2.7 per cent, and non-fuel unit costs down 2.7 per cent
· Operating profit for the year to December 31, 2013 of €770 million (2012: operating loss of €23 million) before exceptional items
· Revenue for the year up 3.1 per cent to €18,675 million and passenger unit revenue for the year up 0.6 per cent (3.7 per cent at constant currency)
· Fuel costs for the year down 2.5 per cent to €5,951 million (2012: €6,101 million). Fuel unit costs down 5.0 per cent at constant currency
· Non-fuel costs before exceptional items for year down 0.7 per cent at €11,954 million. Non-fuel unit costs down 5.6 per cent, down 2.7 per cent at constant currency
· Cash of €3,633 million at December 31, 2013 was up €724 million on 2012 year end (December 2012: €2,909 million).
· Adjusted gearing down 1 point to 50 per cent
FULL YEAR RESULTS ANNOUNCEMENT
International Consolidated Airlines Group (IAG) today (February 28, 2014) presented Group consolidated results for the year to December 31, 2013.
IAG period highlights on results:
· Fourth quarter operating profit €113 million (2012: operating loss of €40 million) before exceptional items
· At constant currency and excluding Vueling and one-offs, fourth quarter passenger unit revenue up 2.7 per cent, and non-fuel unit costs down 2.7 per cent
· Operating profit for the year to December 31, 2013 of €770 million (2012: operating loss of €23 million) before exceptional items
· Revenue for the year up 3.1 per cent to €18,675 million and passenger unit revenue for the year up 0.6 per cent (3.7 per cent at constant currency)
· Fuel costs for the year down 2.5 per cent to €5,951 million (2012: €6,101 million). Fuel unit costs down 5.0 per cent at constant currency
· Non-fuel costs before exceptional items for year down 0.7 per cent at €11,954 million. Non-fuel unit costs down 5.6 per cent, down 2.7 per cent at constant currency
· Cash of €3,633 million at December 31, 2013 was up €724 million on 2012 year end (December 2012: €2,909 million).
· Adjusted gearing down 1 point to 50 per cent
skinny
- 05 Mar 2014 08:28
- 172 of 466
Cantor Fitzgerald Hold 439.90 439.90 360.00 470.00 Reiterates
Deutsche Bank Buy 436.60 439.90 506.00 506.00 Reiterates
Deutsche Bank Buy 436.60 439.90 506.00 506.00 Reiterates
skinny
- 11 Mar 2014 07:18
- 173 of 466
Jefferies International Buy 433.10 433.10 410.00 510.00 Retains
skinny
- 02 Apr 2014 15:22
- 174 of 466
Back on the up.
;MA(50);MA(200)&IND=MACD(26,12,9);RSI(14);VOLMA(60)&Layout=2Line;Default;Price;HisDate&XCycle=&XFormat=)
goldfinger
- 02 Apr 2014 17:01
- 175 of 466
Yep was giving this the once over earlier this afternoon.
MKS just beats it so bought that instead.
Already have 2 airline stocks.
MKS just beats it so bought that instead.
Already have 2 airline stocks.
Fred1new
- 02 Apr 2014 17:12
- 176 of 466
Bought small amount SBs of IAG earlier to-day, but noted that it is marked up for UNCONFIRMED AGM on 7/4/2014.
Not sure this is correct.
Not sure this is correct.
skinny
- 02 Apr 2014 17:17
- 177 of 466
Nothing in the link in the header for that day - Upcoming Events
Fred1new
- 02 Apr 2014 17:23
- 178 of 466
It is marked up on Sharescope which is generally reliable.
Not sure!
Not sure!
goldfinger
- 02 Apr 2014 17:36
- 179 of 466
AGM last year was 20th of June, Fred looks like its a rouge entry on S Scope.
Fred1new
- 04 Apr 2014 10:24
- 180 of 466
GF,
Thanks.
Sharescope has updated 7/4/2014
Going nicely at the moment!
Would like to see it break above 460.
Then you may say sky is the limit 8-)
Thanks.
Sharescope has updated 7/4/2014
Going nicely at the moment!
Would like to see it break above 460.
Then you may say sky is the limit 8-)
skinny
- 04 Apr 2014 10:44
- 181 of 466
"Sharescope has updated 7/4/2014" - Fred is that when the AGM is?
Still nothing on their website.
Still nothing on their website.
skinny
- 17 Apr 2014 08:44
- 182 of 466
Excellent bounce off of the 200ma.
HARRYCAT
- 17 Apr 2014 15:31
- 183 of 466
HSBC note:
"Our downgrade of IAG to Neutral (IAG Time out, 10 January 2014) was driven by valuation, seeing the company’s earnings growth to be very good, but fully priced in. We think the recent pull back in airline share prices (IAG down 15% in the last two months) reflects reduced risk appetite in the stock market, but does not seem to be grounded in any change to industry or company prospects. Trading to March has been in line with our and the company’s expectations. We are therefore comfortable maintaining our existing estimates and target price, and upgrade IAG to OW(V).
Earnings momentum: We expect IAG’s earnings to FY15 to benefit from capacity growth at British Airways, as the company uses its new A380s, B787s and B777-300s to grow on the acquired bmi slot portfolio at Heathrow, taking advantage of relatively low BA cost base. We expect Iberia to break into profitability on the basis of the hard fought restructuring, the recent productivity agreements and recovering local economy. Meanwhile Vueling continues to grow apace, (traffic up 28% in Q114). Recent positive developments have also included the integration of USAirways into the American-IAG-Finnair transatlantic joint venture, the start of codesharing with Qatar Airways and the start of the IAG-Finnair-JAL Siberian joint venture.
Capacity remains the key risk: Our key concerns for IAG remain the capacity growth on the North Atlantic and on European short haul, the start of the Delta-Virgin joint venture and the challenges of Vueling’s new Rome base.
Upgrade to OW (V): In the mid 400p range, two months ago, we thought that the share needed a meaningful injection of fresh catalysts to drive the stock higher. At the current share price we think that delivering the market estimates and company EUR1.8bn EBIT target for FY15 should be sufficient to generate upward share price momentum. On our estimates it trades on FY15 PER of 8.2x and EV/EBITDRA of 3.6x. It is difficult to anticipate when the overall market momentum will return to a more positive tone, but we expect IAG Q1 14 results on May 9 to offer reassurance on current market estimates."
"Our downgrade of IAG to Neutral (IAG Time out, 10 January 2014) was driven by valuation, seeing the company’s earnings growth to be very good, but fully priced in. We think the recent pull back in airline share prices (IAG down 15% in the last two months) reflects reduced risk appetite in the stock market, but does not seem to be grounded in any change to industry or company prospects. Trading to March has been in line with our and the company’s expectations. We are therefore comfortable maintaining our existing estimates and target price, and upgrade IAG to OW(V).
Earnings momentum: We expect IAG’s earnings to FY15 to benefit from capacity growth at British Airways, as the company uses its new A380s, B787s and B777-300s to grow on the acquired bmi slot portfolio at Heathrow, taking advantage of relatively low BA cost base. We expect Iberia to break into profitability on the basis of the hard fought restructuring, the recent productivity agreements and recovering local economy. Meanwhile Vueling continues to grow apace, (traffic up 28% in Q114). Recent positive developments have also included the integration of USAirways into the American-IAG-Finnair transatlantic joint venture, the start of codesharing with Qatar Airways and the start of the IAG-Finnair-JAL Siberian joint venture.
Capacity remains the key risk: Our key concerns for IAG remain the capacity growth on the North Atlantic and on European short haul, the start of the Delta-Virgin joint venture and the challenges of Vueling’s new Rome base.
Upgrade to OW (V): In the mid 400p range, two months ago, we thought that the share needed a meaningful injection of fresh catalysts to drive the stock higher. At the current share price we think that delivering the market estimates and company EUR1.8bn EBIT target for FY15 should be sufficient to generate upward share price momentum. On our estimates it trades on FY15 PER of 8.2x and EV/EBITDRA of 3.6x. It is difficult to anticipate when the overall market momentum will return to a more positive tone, but we expect IAG Q1 14 results on May 9 to offer reassurance on current market estimates."
skinny
- 17 Apr 2014 15:34
- 184 of 466
Thanks Harry - I'll be happy when it regains the 420 mark.
skinny
- 08 May 2014 09:25
- 185 of 466
Cantor Fitzgerald Hold 401.25 394.20 470.00 470.00 Reiterates
Deutsche Bank Buy 401.25 394.20 506.00 506.00 Reiterates
Deutsche Bank Buy 401.25 394.20 506.00 506.00 Reiterates
Claret Dragon
- 08 May 2014 22:49
- 186 of 466
Not sure if there is much more to go on the upside.
Airlines are fickle to say the least. Appears like this one has already arrived!!!!
Airlines are fickle to say the least. Appears like this one has already arrived!!!!
skinny
- 09 May 2014 07:03
- 187 of 466
1st Quarter Results
THREE MONTHS RESULTS ANNOUNCEMENT
International Consolidated Airlines Group (IAG) today (May 9, 2014) presented Group consolidated results for the three months to March 31, 2014.
IAG period highlights on results:
· First quarter operating loss €150 million (2013: operating loss of €278 million) before exceptional items
· Revenue for the quarter up 6.7 per cent to €4,203 million, up 7.6 per cent at constant currency
· Non-fuel costs up 3.8 per cent, up 4.8 per cent at constant currency
· At constant currency, first quarter passenger unit revenue down 1.4 per cent (excluding Vueling down 0.5 per cent) and non-fuel unit costs down 6.2 per cent (excluding Vueling down 4.2 per cent)
· Fuel unit costs for the quarter down 8.9 per cent, 7.4 per cent at constant currency
· Cash of €4,004 million at March 31, 2014 was up €371 million on 2013 year end
· Adjusted gearing remains at 50 per cent
THREE MONTHS RESULTS ANNOUNCEMENT
International Consolidated Airlines Group (IAG) today (May 9, 2014) presented Group consolidated results for the three months to March 31, 2014.
IAG period highlights on results:
· First quarter operating loss €150 million (2013: operating loss of €278 million) before exceptional items
· Revenue for the quarter up 6.7 per cent to €4,203 million, up 7.6 per cent at constant currency
· Non-fuel costs up 3.8 per cent, up 4.8 per cent at constant currency
· At constant currency, first quarter passenger unit revenue down 1.4 per cent (excluding Vueling down 0.5 per cent) and non-fuel unit costs down 6.2 per cent (excluding Vueling down 4.2 per cent)
· Fuel unit costs for the quarter down 8.9 per cent, 7.4 per cent at constant currency
· Cash of €4,004 million at March 31, 2014 was up €371 million on 2013 year end
· Adjusted gearing remains at 50 per cent
skinny
- 09 May 2014 07:21
- 188 of 466
APRIL 2014 - IAG GROUP TRAFFIC AND CAPACITY STATISTICS
APRIL 2014 - IAG GROUP TRAFFIC AND CAPACITY STATISTICS
§ In April 2014, Group traffic measured in Revenue Passenger Kilometres increased by 18.0 per cent versus March 2013 (up 9.5 per cent on a pro-forma basis); Group capacity measured in Available Seat Kilometres rose by 16.6 per cent (up 7.6 per cent on a pro-forma basis).
§ Group premium traffic for the month of April increased by 4.0 per cent compared to the previous year.
§ For current outlook please see Quarter One results presentation.
9 May 2014
STRATEGIC DEVELOPMENTS
In April, Iberia signed labour agreements with its pilots, cabin crew and ground staff unions after ratification by the unions' assemblies. Iberia also announced that it is gradually re-opening some routes including long-haul services to Santo Domingo and Montevideo as well as short-haul flights to Istanbul, Amsterdam, Athens and Stockholm.
British Airways announced the location of the world's first facility to convert landfill waste to jet fuel. The airline has committed to buying all of the jet fuel from the plant being built in Essex by Solena Fuels which will go into production in 2017.
Vueling has announced new flights from France to Catania, Palermo and the new route between Rennes and Bastia. The airline will also operate from Barcelona to Thessaloniki and Yerevan (Armenia) and from Seville to Malta.
APRIL 2014 - IAG GROUP TRAFFIC AND CAPACITY STATISTICS
§ In April 2014, Group traffic measured in Revenue Passenger Kilometres increased by 18.0 per cent versus March 2013 (up 9.5 per cent on a pro-forma basis); Group capacity measured in Available Seat Kilometres rose by 16.6 per cent (up 7.6 per cent on a pro-forma basis).
§ Group premium traffic for the month of April increased by 4.0 per cent compared to the previous year.
§ For current outlook please see Quarter One results presentation.
9 May 2014
STRATEGIC DEVELOPMENTS
In April, Iberia signed labour agreements with its pilots, cabin crew and ground staff unions after ratification by the unions' assemblies. Iberia also announced that it is gradually re-opening some routes including long-haul services to Santo Domingo and Montevideo as well as short-haul flights to Istanbul, Amsterdam, Athens and Stockholm.
British Airways announced the location of the world's first facility to convert landfill waste to jet fuel. The airline has committed to buying all of the jet fuel from the plant being built in Essex by Solena Fuels which will go into production in 2017.
Vueling has announced new flights from France to Catania, Palermo and the new route between Rennes and Bastia. The airline will also operate from Barcelona to Thessaloniki and Yerevan (Armenia) and from Seville to Malta.
skinny
- 04 Jun 2014 15:20
- 189 of 466
Traffic Statistics May 2014
In May 2014, Group traffic measured in Revenue Passenger Kilometres increased by 7.3 per cent versus May 2013; Group capacity measured in Available Seat Kilometres rose by 8.0 per cent.
Group premium traffic for the month of May increased by 9.7 per cent compared to the previous year.
Underlying market conditions remain unchanged from those published at Quarter One results.
STRATEGIC DEVELOPMENTS
On 19 May, British Airways announced five new routes from Gatwick to Cagliari in Sardinia, Crete and Rhodes in Greece, and Bodrum and Dalaman in Turkey. The airline will start these services in April 2015.
In June, Iberia will add additional summer service from Madrid to Chicago, increasing to 10 weekly services from seven. In addition, Iberia will increase year-round service to Panama, one of Latin America’s fastest growing markets, increasing from five weekly services to six in June and to seven in July.
On 1 May, Vueling started operations from its new base in Brussels. The airline has also begun services between Rome and Catania, connecting the capital with Southern Italy.
In May 2014, Group traffic measured in Revenue Passenger Kilometres increased by 7.3 per cent versus May 2013; Group capacity measured in Available Seat Kilometres rose by 8.0 per cent.
Group premium traffic for the month of May increased by 9.7 per cent compared to the previous year.
Underlying market conditions remain unchanged from those published at Quarter One results.
STRATEGIC DEVELOPMENTS
On 19 May, British Airways announced five new routes from Gatwick to Cagliari in Sardinia, Crete and Rhodes in Greece, and Bodrum and Dalaman in Turkey. The airline will start these services in April 2015.
In June, Iberia will add additional summer service from Madrid to Chicago, increasing to 10 weekly services from seven. In addition, Iberia will increase year-round service to Panama, one of Latin America’s fastest growing markets, increasing from five weekly services to six in June and to seven in July.
On 1 May, Vueling started operations from its new base in Brussels. The airline has also begun services between Rome and Catania, connecting the capital with Southern Italy.
skinny
- 05 Jun 2014 10:28
- 190 of 466
Credit Suisse Outperform 403.15 403.70 587.00 587.00 Reiterates
skinny
- 26 Jun 2014 08:43
- 191 of 466
skinny
- 01 Jul 2014 07:58
- 192 of 466
Deutsche Bank Buy 370.50 370.50 506.00 506.00 Reiterates
skinny
- 02 Jul 2014 07:24
- 193 of 466
Barclays Capital Overweight 373.00 373.00 500.00 500.00 Reiterates
skinny
- 08 Jul 2014 11:54
- 194 of 466
jimmy b
- 08 Jul 2014 12:02
- 195 of 466
You know what i hate health and safety and the way we live now
but i kind of agree with that ,there are new ways of making bombs with phones and laptops and the simple answer is turn the damn thing off and don't use it before or while you fly , it's simple .
but i kind of agree with that ,there are new ways of making bombs with phones and laptops and the simple answer is turn the damn thing off and don't use it before or while you fly , it's simple .
skinny
- 11 Jul 2014 07:17
- 196 of 466
Jefferies International Buy 331.70 331.70 510.00 480.00 Retains
skinny
- 11 Jul 2014 10:05
- 197 of 466
Five jetliners are to be built every day for the next 20 years as aircraft manufacturers gear up to handle 7 billion passengers a year by 2033, by which time the annual number of internal flights in China will have overtaken the domestic US market. These are headlines from the forecasters at Boeing, who believe that whatever gets thrown at the aviation industry - in the past 20 years it has been recessions, pandemics, Middle Eastern wars and 9/11 - the amount of air travel will rise at 5 per cent a year, easily outstripping global GDP growth, which is predicted to rise at 3.2 a year. - The Times
skinny
- 11 Jul 2014 13:08
- 198 of 466
IAG Statement on Iberia Consultation Process
International Airlines Group announces that Iberia has today informed its employees and trade unions that it intends to start a consultation period for a collective redundancy process which will involve up to 1,581 jobs.
This option was discussed as part of the collective bargaining negotiations with the airline's unions last April. It is a continuation of Iberia's transformation plan to introduce permanent structural changes across the airline enabling it to grow profitably in the future.
International Airlines Group announces that Iberia has today informed its employees and trade unions that it intends to start a consultation period for a collective redundancy process which will involve up to 1,581 jobs.
This option was discussed as part of the collective bargaining negotiations with the airline's unions last April. It is a continuation of Iberia's transformation plan to introduce permanent structural changes across the airline enabling it to grow profitably in the future.
skinny
- 16 Jul 2014 07:14
- 199 of 466
Deutsche Bank Buy 332.80 332.80 506.00 470.00 Reiterates
skinny
- 23 Jul 2014 14:24
- 200 of 466
Long here - maybe due a tick up and a gap to fill.
Half Year results August 1st.
Half Year results August 1st.
skinny
- 24 Jul 2014 11:09
- 201 of 466
IAG - Iberia reaches agreement with trade unions
IAG STATEMENT ON IBERIA
International Airlines Group announces that Iberia and its trade unions have today reached an agreement on collective redundancies for pilots and ground staff. This could lead to a reduction of up to 1,427 jobs at the airline.
The agreement enables Iberia to continue with its transformation plan to introduce permanent structural changes across the airline and to facilitate profitable growth in the future.
Iberia's cabin crew staff will not be affected by this process.
IAG STATEMENT ON IBERIA
International Airlines Group announces that Iberia and its trade unions have today reached an agreement on collective redundancies for pilots and ground staff. This could lead to a reduction of up to 1,427 jobs at the airline.
The agreement enables Iberia to continue with its transformation plan to introduce permanent structural changes across the airline and to facilitate profitable growth in the future.
Iberia's cabin crew staff will not be affected by this process.
skinny
- 01 Aug 2014 07:16
- 202 of 466
Half Yearly Report
SIX MONTHS RESULTS ANNOUNCEMENT
International Consolidated Airlines Group (IAG) today (August 1, 2014) presented Group consolidated results for the six months to June 30, 2014.
IAG period highlights on results:
· Second quarter operating profit €380 million (2013: operating profit of €245 million before exceptional items), €135 million better than last year
· At constant currency, second quarter passenger unit revenue down 0.4 per cent (excluding Vueling up 0.1 per cent) and non-fuel unit costs down 4.4 per cent (excluding Vueling down 2.5 per cent)
· Revenue for the quarter up 6.7 per cent to €5,086 million, up 8.2 per cent at constant currency
· Fuel unit costs for the quarter down 9.3 per cent, 5.4 per cent at constant currency
· Operating profit for the half year €230 million (2013: operating loss €33 million before exceptional items), €263 million better than last year
· Cash of €4,904 million at June 30, 2014 was up €1,271 million on 2013 year end
· Adjusted gearing down 4 points to 46 per cent
SIX MONTHS RESULTS ANNOUNCEMENT
International Consolidated Airlines Group (IAG) today (August 1, 2014) presented Group consolidated results for the six months to June 30, 2014.
IAG period highlights on results:
· Second quarter operating profit €380 million (2013: operating profit of €245 million before exceptional items), €135 million better than last year
· At constant currency, second quarter passenger unit revenue down 0.4 per cent (excluding Vueling up 0.1 per cent) and non-fuel unit costs down 4.4 per cent (excluding Vueling down 2.5 per cent)
· Revenue for the quarter up 6.7 per cent to €5,086 million, up 8.2 per cent at constant currency
· Fuel unit costs for the quarter down 9.3 per cent, 5.4 per cent at constant currency
· Operating profit for the half year €230 million (2013: operating loss €33 million before exceptional items), €263 million better than last year
· Cash of €4,904 million at June 30, 2014 was up €1,271 million on 2013 year end
· Adjusted gearing down 4 points to 46 per cent
skinny
- 01 Aug 2014 07:17
- 203 of 466
New Longhaul Aircraft for Iberia
International Airlines Group (IAG) is converting eight Airbus A350-900 aircraft options into firm orders and securing eight A330-200 aircraft for Iberia.
These aircraft will replace 16 A340 family aircraft in Iberia's longhaul fleet and will be delivered between 2015 and 2020.
Willie Walsh, IAG chief executive, said: "Iberia has taken significant steps to restructure its business and the progress made so far means that we can bring new longhaul aircraft into the airline's fleet. These orders demonstrate our commitment to make Iberia competitive.
"Both aircraft will provide cost efficiencies and environmental benefits, enabling Iberia to replace its long haul fleet with modern and fuel efficient aircraft. The new technology and improved aerodynamics will lower fuel burn and CO2 emissions per seat by 18 per cent, as well as providing both noise and NOx performance advantages.
"Retaining an all Airbus longhaul fleet will also generate cost savings in maintenance and crewing".
IAG secured commercial terms for the A350 aircraft as part of the Group longhaul order announced in April 2013.
The eight A330 aircraft will be obtained either by converting existing options from the 2011 Airbus order or from the operating lease market, depending on financial and delivery terms.
ends
International Airlines Group (IAG) is converting eight Airbus A350-900 aircraft options into firm orders and securing eight A330-200 aircraft for Iberia.
These aircraft will replace 16 A340 family aircraft in Iberia's longhaul fleet and will be delivered between 2015 and 2020.
Willie Walsh, IAG chief executive, said: "Iberia has taken significant steps to restructure its business and the progress made so far means that we can bring new longhaul aircraft into the airline's fleet. These orders demonstrate our commitment to make Iberia competitive.
"Both aircraft will provide cost efficiencies and environmental benefits, enabling Iberia to replace its long haul fleet with modern and fuel efficient aircraft. The new technology and improved aerodynamics will lower fuel burn and CO2 emissions per seat by 18 per cent, as well as providing both noise and NOx performance advantages.
"Retaining an all Airbus longhaul fleet will also generate cost savings in maintenance and crewing".
IAG secured commercial terms for the A350 aircraft as part of the Group longhaul order announced in April 2013.
The eight A330 aircraft will be obtained either by converting existing options from the 2011 Airbus order or from the operating lease market, depending on financial and delivery terms.
ends
skinny
- 01 Aug 2014 07:34
- 204 of 466
Deutsche Bank Buy 330.80 330.80 470.00 470.00 Reiterates
Cantor Fitzgerald Hold 329.80 330.80 470.00 470.00 Reiterates
Davy Research Neutral 329.80 330.80 - - Reiterates
Cantor Fitzgerald Hold 329.80 330.80 470.00 470.00 Reiterates
Davy Research Neutral 329.80 330.80 - - Reiterates
skinny
- 05 Aug 2014 15:08
- 205 of 466
JULY 2014 - IAG GROUP TRAFFIC AND CAPACITY STATISTICS
• In July 2014, Group traffic measured in Revenue Passenger Kilometres increased by 7.1 per cent versus July 2013; Group capacity measured in Available Seat Kilometres rose by 9.2 per cent.
• Group premium traffic for the month of July increased by 7.6 per cent compared to the previous year.
5 August 2014
STRATEGIC DEVELOPMENTS
On 1 August, IAG announced that it is converting eight Airbus A350-900 aircraft options into firm orders and securing eight A330-200 aircraft for Iberia. These aircraft will replace 16 A340 family aircraft in the airline's long-haul fleet and will be delivered between 2015 and 2020. The new technology and improved aerodynamics will lower fuel burn and CO2 emissions per seat by 18 per cent, as well as providing both noise and NOx performance advantages.
On 31 July, IAG Board approved the settlement by Iberia of the derivative transaction on its entire stake in Amadeus that it entered into in August 2012. The transaction was a risk management exercise and allowed IAG to safeguard the value of that stake at 2012 levels to fund Iberia's transformation plan.
On 24 July, Iberia and its trade unions reached an agreement on collective redundancies for pilots and ground staff. This could lead to an additional reduction of up to 1,427 jobs at the airline. The agreement enables Iberia to continue with its transformation plan to introduce permanent structural changes across the airline and to facilitate profitable growth in the future.
• In July 2014, Group traffic measured in Revenue Passenger Kilometres increased by 7.1 per cent versus July 2013; Group capacity measured in Available Seat Kilometres rose by 9.2 per cent.
• Group premium traffic for the month of July increased by 7.6 per cent compared to the previous year.
5 August 2014
STRATEGIC DEVELOPMENTS
On 1 August, IAG announced that it is converting eight Airbus A350-900 aircraft options into firm orders and securing eight A330-200 aircraft for Iberia. These aircraft will replace 16 A340 family aircraft in the airline's long-haul fleet and will be delivered between 2015 and 2020. The new technology and improved aerodynamics will lower fuel burn and CO2 emissions per seat by 18 per cent, as well as providing both noise and NOx performance advantages.
On 31 July, IAG Board approved the settlement by Iberia of the derivative transaction on its entire stake in Amadeus that it entered into in August 2012. The transaction was a risk management exercise and allowed IAG to safeguard the value of that stake at 2012 levels to fund Iberia's transformation plan.
On 24 July, Iberia and its trade unions reached an agreement on collective redundancies for pilots and ground staff. This could lead to an additional reduction of up to 1,427 jobs at the airline. The agreement enables Iberia to continue with its transformation plan to introduce permanent structural changes across the airline and to facilitate profitable growth in the future.
jimmy b
- 05 Aug 2014 15:58
- 206 of 466
Drop in airlines today maybe something to do with that plane that was escorted in to Manchester by fighter jets due to a threat on board ..
prodman - 05 Aug 2014 17:38 - 207 of 466
Ebola outbreak: BA suspends flights to Sierra Leone and Liberia over virus
British Airways says the 'deteriorating public health situation' relating to the Ebola virus is why they have suspended flights until August 31 http://telegraph.co.uk/news/aviation/11013996/Ebola-outbreak-BA-suspends-flights-to-Sierra-Leone-and-Liberia-over-virus.html
British Airways says the 'deteriorating public health situation' relating to the Ebola virus is why they have suspended flights until August 31 http://telegraph.co.uk/news/aviation/11013996/Ebola-outbreak-BA-suspends-flights-to-Sierra-Leone-and-Liberia-over-virus.html
prodman - 05 Aug 2014 18:07 - 208 of 466
skinny
- 06 Aug 2014 06:36
- 209 of 466
skinny
- 03 Sep 2014 11:44
- 210 of 466
380 area previous S/R.
skinny
- 03 Sep 2014 16:17
- 211 of 466
AUGUST 2014 - IAG GROUP TRAFFIC AND CAPACITY STATISTICS
• In August 2014, Group traffic measured in Revenue Passenger Kilometres increased by 8.7 per cent versus August 2013; Group capacity measured in Available Seat Kilometres rose by 9.5 per cent.
• Group premium traffic for the month of August increased by 8.7 per cent compared to the previous year.
3 September 2014
STRATEGIC DEVELOPMENTS
British Airways and Iberia have jointly launched a new product which allows customers to hold a reservation and a fare for up to 72 hours before deciding to purchase tickets. It applies to bookings for all flights operated by British Airways, Iberia, Iberia Express and Air Nostrum. The new scheme is designed to give travellers the time to make sure they're happy with their flight choices before paying.
On 1 September, Iberia resumed its flights between Madrid and Montevideo as well as Santo Domingo. The airline is offering four weekly services to the Uruguayan capital and five flights per week to the capital of the Dominican Republic. Iberia operates more than 200 weekly flights between Madrid and 16 Latin American destinations.
• In August 2014, Group traffic measured in Revenue Passenger Kilometres increased by 8.7 per cent versus August 2013; Group capacity measured in Available Seat Kilometres rose by 9.5 per cent.
• Group premium traffic for the month of August increased by 8.7 per cent compared to the previous year.
3 September 2014
STRATEGIC DEVELOPMENTS
British Airways and Iberia have jointly launched a new product which allows customers to hold a reservation and a fare for up to 72 hours before deciding to purchase tickets. It applies to bookings for all flights operated by British Airways, Iberia, Iberia Express and Air Nostrum. The new scheme is designed to give travellers the time to make sure they're happy with their flight choices before paying.
On 1 September, Iberia resumed its flights between Madrid and Montevideo as well as Santo Domingo. The airline is offering four weekly services to the Uruguayan capital and five flights per week to the capital of the Dominican Republic. Iberia operates more than 200 weekly flights between Madrid and 16 Latin American destinations.
skinny
- 17 Sep 2014 12:45
- 212 of 466
Credit Suisse Outperform 375.25 366.70 587.00 587.00 Reiterates
skinny
- 08 Oct 2014 07:00
- 213 of 466
Bank of America Merrill Lynch Buy 345.60 345.60 - 520.00 Reiterates
cynic
- 23 Oct 2014 16:13
- 214 of 466
fred - i must confess i really don't like BA though i guess they're one better than iberia ..... that said, i don't like domino's either, but assuredly hold those (sipp)
Fred1new
- 29 Oct 2014 15:33
- 215 of 466
Date Broker New target Recomm.
28 Oct Deutsche Bank N/A Buy
27 Oct Credit Suisse 618.00 Outperform
24 Oct Credit Suisse 618.00 Outperform
24 Oct Cantor... 470.00 Hold
23 Oct Credit Suisse 618.00 Outperform
20 Oct Liberum Capital 550.00 Buy
28 Oct Deutsche Bank N/A Buy
27 Oct Credit Suisse 618.00 Outperform
24 Oct Credit Suisse 618.00 Outperform
24 Oct Cantor... 470.00 Hold
23 Oct Credit Suisse 618.00 Outperform
20 Oct Liberum Capital 550.00 Buy
skinny
- 30 Oct 2014 15:58
- 216 of 466
skinny
- 31 Oct 2014 07:04
- 217 of 466
3rd Quarter Results
IAG period highlights on results:
· Third quarter operating profit €900 million (2013: €690 million) before exceptional items, €210 million better than last year
· At constant currency, third quarter passenger unit revenue down 0.9 per cent and non-fuel unit costs down 4.5 per cent
· Revenue for the quarter up 8.5 per cent to €5,866 million, up 6.9 per cent at constant currency
· Fuel unit costs for the quarter down 7.5 per cent at constant currency
· Operating profit for the nine months €1,130 million (2013: €657 million) before exceptional items, €473 million better than last year
· Exceptional charge of €82 million for currency re-evaluation
· Cash of €5,064 million at September 30, 2014, up €1,431 million on 2013 year end
· Adjusted gearing down 4 points to 46 per cent
IAG period highlights on results:
· Third quarter operating profit €900 million (2013: €690 million) before exceptional items, €210 million better than last year
· At constant currency, third quarter passenger unit revenue down 0.9 per cent and non-fuel unit costs down 4.5 per cent
· Revenue for the quarter up 8.5 per cent to €5,866 million, up 6.9 per cent at constant currency
· Fuel unit costs for the quarter down 7.5 per cent at constant currency
· Operating profit for the nine months €1,130 million (2013: €657 million) before exceptional items, €473 million better than last year
· Exceptional charge of €82 million for currency re-evaluation
· Cash of €5,064 million at September 30, 2014, up €1,431 million on 2013 year end
· Adjusted gearing down 4 points to 46 per cent
skinny
- 31 Oct 2014 15:48
- 218 of 466
Liberum Capital Buy 410.60 550.00 550.00 Reiterates
Cantor Fitzgerald Hold 410.60 470.00 470.00 Reiterates
Cantor Fitzgerald Hold 410.60 470.00 470.00 Reiterates
skinny
- 07 Nov 2014 07:04
- 219 of 466
Capital Markets Day & Dividend Statement
At its Capital Markets Day today (November 7, 2014) IAG will update the market with the following information:
· Long-term planning goals for 2016-2020 include:
o Return on Invested Capital (real terms) of 12%+
o An operating profit margin of 10% to 14%
o Average EPS growth of 10%+ per annum
o EBITDAR of approximately €5bn average per annum
o Capex of €2bn to €3bn per annum
o Equity free-cash flow of €1bn to €1.5bn per annum
o ASK growth of approximately 3% to 4% per annum
o Gearing to be in the investment grade zone
· Dividend policy statement:
o It has been the stated intention of IAG to distribute regular dividends to our shareholders in the medium and long term, in an amount appropriate to market conditions, depending on a number of factors, including but not limited to, the earnings of the company, financial conditions, cash requirements and prospects and legal requirements.
o The Company has made significant progress during 2014 and we remain confident in meeting our 2015 financial targets which we see as the trigger to introducing a dividend.
o Therefore we anticipate making a declaration in 2015 as the first step in our plan to introduce a sustainable dividend payment.
o The initial dividend would be based on a payout ratio of 25% of our underlying profit after tax.
The presentations from the Capital Markets Day can be accessed via www.iairgroup.com and a webcast of the event will be available today from 0830 GMT/0930 CET.
At its Capital Markets Day today (November 7, 2014) IAG will update the market with the following information:
· Long-term planning goals for 2016-2020 include:
o Return on Invested Capital (real terms) of 12%+
o An operating profit margin of 10% to 14%
o Average EPS growth of 10%+ per annum
o EBITDAR of approximately €5bn average per annum
o Capex of €2bn to €3bn per annum
o Equity free-cash flow of €1bn to €1.5bn per annum
o ASK growth of approximately 3% to 4% per annum
o Gearing to be in the investment grade zone
· Dividend policy statement:
o It has been the stated intention of IAG to distribute regular dividends to our shareholders in the medium and long term, in an amount appropriate to market conditions, depending on a number of factors, including but not limited to, the earnings of the company, financial conditions, cash requirements and prospects and legal requirements.
o The Company has made significant progress during 2014 and we remain confident in meeting our 2015 financial targets which we see as the trigger to introducing a dividend.
o Therefore we anticipate making a declaration in 2015 as the first step in our plan to introduce a sustainable dividend payment.
o The initial dividend would be based on a payout ratio of 25% of our underlying profit after tax.
The presentations from the Capital Markets Day can be accessed via www.iairgroup.com and a webcast of the event will be available today from 0830 GMT/0930 CET.
skinny
- 07 Nov 2014 07:10
- 220 of 466
Traffic Statistics October 2014
OCTOBER 2014 - IAG GROUP TRAFFIC AND CAPACITY STATISTICS
§ In October 2014, Group traffic measured in Revenue Passenger Kilometres increased by 7.5 per cent versus October 2013; Group capacity measured in Available Seat Kilometres rose by 7.7 per cent.
§ Group premium traffic for the month of October increased by 6.9 per cent compared to the previous year.
OCTOBER 2014 - IAG GROUP TRAFFIC AND CAPACITY STATISTICS
§ In October 2014, Group traffic measured in Revenue Passenger Kilometres increased by 7.5 per cent versus October 2013; Group capacity measured in Available Seat Kilometres rose by 7.7 per cent.
§ Group premium traffic for the month of October increased by 6.9 per cent compared to the previous year.
Fred1new
- 07 Nov 2014 14:02
- 221 of 466
.
Fred1new
- 07 Nov 2014 14:20
- 222 of 466
.
My fingers are too twitchy to-day.
My fingers are too twitchy to-day.
Fred1new
- 07 Nov 2014 14:47
- 223 of 466
Just closed my short. Will watch for a while.
Trade-able intra-day.
Trade-able intra-day.
Fred1new
- 07 Nov 2014 14:47
- 224 of 466
Just closed my short. Will watch for a while.
Trade-able intra-day.
Trade-able intra-day.
skinny
- 11 Nov 2014 06:39
- 225 of 466
Liberum Capital Buy 413.90 413.90 550.00 600.00 Reiterates
skinny
- 27 Nov 2014 15:57
- 226 of 466
7 year high @458.10p
cynic
- 27 Nov 2014 17:07
- 227 of 466
i have EZJ and FLYB in lieu
goldfinger
- 28 Nov 2014 09:25
- 228 of 466
IAG International Consolidated Airlines, benefiting from cheap oil and benefits go right down to the bottom line. GONE LONG
goldfinger
- 28 Nov 2014 09:36
- 229 of 466
Charles Stanley Brokers. 28/11/2014
International Consolidated Airlines Group (ICAG: 458p) was one of several airline stocks
to power ahead on the news from Vienna and the BA/Iberia owner ended the day with a gain
of 4.8% (in busy trade). The chart reveals that this forms part of a larger move to the upside
that has seen the share price rally by 41% in the space of six weeks and, in the process,
reach a seven and a half year high. It now looks extremely overbought and some profit-taking
is possible but the bull case is still very much intact.
International Consolidated Airlines Group (ICAG: 458p) was one of several airline stocks
to power ahead on the news from Vienna and the BA/Iberia owner ended the day with a gain
of 4.8% (in busy trade). The chart reveals that this forms part of a larger move to the upside
that has seen the share price rally by 41% in the space of six weeks and, in the process,
reach a seven and a half year high. It now looks extremely overbought and some profit-taking
is possible but the bull case is still very much intact.
cynic
- 28 Nov 2014 09:51
- 230 of 466
decided to join you all at 461.0
Fred1new
- 28 Nov 2014 09:57
- 231 of 466
Bought in yesterday.
Haze, there is a God on my side sometimes!
Haze, there is a God on my side sometimes!
goldfinger
- 28 Nov 2014 09:59
- 232 of 466
This magnitude of fall in the oil price will more than DOUBLE the EBITDA of IAG ...imo
Fred1new
- 28 Nov 2014 10:05
- 233 of 466
Have it marked for just short of 540, but may play it with crossed fingers.
cynic
- 28 Nov 2014 10:20
- 234 of 466
what makes you think i'm on your side?
you're assuredly not one of the chosen :-)
you're assuredly not one of the chosen :-)
jimmy b
- 28 Nov 2014 10:22
- 235 of 466
I'm not god but i am something similar / Roberto Duran Panamanian Boxing legend .
cynic
- 28 Nov 2014 10:42
- 236 of 466
that black jew muhamed ali and his brother sammy davis junior have both been accepted into the brothehood for God look-alikes
Fred1new
- 28 Nov 2014 10:49
- 237 of 466
Manuel,
If I can find it and remember, I will have a circumcision!
8-)
If I can find it and remember, I will have a circumcision!
8-)
goldfinger
- 28 Nov 2014 11:02
- 238 of 466
Sugar turned negative with the market.
Just under resistance now.
Never mind it will return, got to with fuel price so low.
I see EZJ as fallen way back aswel.
Just under resistance now.
Never mind it will return, got to with fuel price so low.
I see EZJ as fallen way back aswel.
cynic
- 28 Nov 2014 11:05
- 239 of 466
EZJ
you're right; it's back to flat on the day but it had a good rise yesterday for sure
you're right; it's back to flat on the day but it had a good rise yesterday for sure
goldfinger
- 28 Nov 2014 11:31
- 240 of 466
Airlines and the right travel stock are the thing to be in at the moment. All these cost cuts on fuel go to the bottom of the line and boost profit.
jimmy b
- 28 Nov 2014 12:05
- 241 of 466
cynic Ali is not a Jew .
cynic
- 28 Nov 2014 12:22
- 242 of 466
you don't say!
jimmy b
- 28 Nov 2014 12:29
- 243 of 466
Nation of Islam , a Muslim. I take it you were joking i must wake up !
skinny
- 08 Dec 2014 06:53
- 244 of 466
Nomura Buy 486.70 486.70 465.00 550.00 Retains
skinny
- 12 Dec 2014 08:12
- 245 of 466
skinny
- 19 Dec 2014 13:50
- 246 of 466
19 Dec 14 Credit Suisse Outperform 471.80 654.00 654.00 Reiterates
19 Dec 14 Liberum Capital Buy 471.80 600.00 600.00 Reiterates
19 Dec 14 Cantor Fitzgerald Hold 471.80 470.00 470.00 Reiterates
19 Dec 14 Liberum Capital Buy 471.80 600.00 600.00 Reiterates
19 Dec 14 Cantor Fitzgerald Hold 471.80 470.00 470.00 Reiterates
doodlebug4 - 24 Dec 2014 11:46 - 247 of 466
Just for info - I don't hold either these or Ryanair.
By
Thao Hua
www.wsj.com
They are already flying high, but budget airlines could gain more altitude thanks to lower oil prices.
Jet fuel is correlated with crude oil prices, which are down about 45% this year. But the nitty-gritty of different business models determines how much of the savings from lower oil prices filters through to the bottom line.
One factor is hedging: airlines who hedged a larger proportion of oil costs won't gain as much because they’ve already locked in higher prices. U.S. carriers tend to hedge less of their jet fuel costs than European counterparts and benefit more from fuel costs being priced in dollars, analysts say. European carriers can also lock in foreign exchange rates, but that comes at an additional cost.
Within Europe, another group that stands to do well is budget airlines. As fuel becomes a smaller proportion of the total cost for carriers, budget airlines’ lean operating model could give them more bang for their operational buck.
Next year, fuel should account for about 26% of the global sector’s total operating costs compared with 30% in 2013, according to industry body IATA. But for budget airlines, that figure is usually higher. Take Ryanair. Fuel costs account for nearly 45% of its operating expenses. That means fuel savings translate into a larger boost to pretax profit.
There may be another benefit for budget airlines—if lower oil prices are here to stay. These cut-price carriers could push ahead with low-cost growth. Ryanair, for instance, added four new bases and 57 new routes in the six months to September while unit costs fell 2%, mainly thanks to lower oil prices.
Meanwhile, discretionary spending—and leisure travel—tends to increase with lower oil prices. That should also disproportionately benefit budget carriers. On the other hand, some sectors such as energy companies could suffer, squeezing corporate travel budgets. That is more likely to hurt carriers such as IAG—the group that owns British Airways, which is more dependent on business travel for growth.
By
Thao Hua
www.wsj.com
They are already flying high, but budget airlines could gain more altitude thanks to lower oil prices.
Jet fuel is correlated with crude oil prices, which are down about 45% this year. But the nitty-gritty of different business models determines how much of the savings from lower oil prices filters through to the bottom line.
One factor is hedging: airlines who hedged a larger proportion of oil costs won't gain as much because they’ve already locked in higher prices. U.S. carriers tend to hedge less of their jet fuel costs than European counterparts and benefit more from fuel costs being priced in dollars, analysts say. European carriers can also lock in foreign exchange rates, but that comes at an additional cost.
Within Europe, another group that stands to do well is budget airlines. As fuel becomes a smaller proportion of the total cost for carriers, budget airlines’ lean operating model could give them more bang for their operational buck.
Next year, fuel should account for about 26% of the global sector’s total operating costs compared with 30% in 2013, according to industry body IATA. But for budget airlines, that figure is usually higher. Take Ryanair. Fuel costs account for nearly 45% of its operating expenses. That means fuel savings translate into a larger boost to pretax profit.
There may be another benefit for budget airlines—if lower oil prices are here to stay. These cut-price carriers could push ahead with low-cost growth. Ryanair, for instance, added four new bases and 57 new routes in the six months to September while unit costs fell 2%, mainly thanks to lower oil prices.
Meanwhile, discretionary spending—and leisure travel—tends to increase with lower oil prices. That should also disproportionately benefit budget carriers. On the other hand, some sectors such as energy companies could suffer, squeezing corporate travel budgets. That is more likely to hurt carriers such as IAG—the group that owns British Airways, which is more dependent on business travel for growth.
skinny
- 29 Dec 2014 07:02
- 248 of 466
From the Telegraph
There are several reasons to think that shares in IAG, the parent group of British Airways, could take off next year.
Firstly, and most obviously, there is the plummeting oil price, which has nearly halved since June to around $60 (£39) a barrel. For airlines whose biggest cost is jet fuel, then the benefits are huge. They are built to profit at $120 barrel, so imagine how much money you can make at $60, or if oil falls much further, which some experts think it will. With shares in IAG only having risen by 18.7pc this year, it appears the market has yet to fully factor in this benefit.
Secondly, IAG is trying to buy Aer Lingus. It has had one approach rejected, but is expected to make a fresh approach. A deal won’t be easy to pull off but the City would like to see it happen and the chief executive Willie Walsh is capable of doing it. Aer Lingus has 23 valuable landing slots at Heathrow, a lucrative business flying passengers across the Atlantic, and hundreds of millions of euros sitting on its balance sheet.
Five years ago BA merged with Spain’s Iberia to form IAG. It has taken that long for the real benefits of the deal to filter through, but they are finally starting to show and analysts at Liberum reckon that the market has been slow to recognise that. The broker says there is potential for a re-rating of the shares and has slapped a buy recommendation on the stock with a 600p target price. They currently trade at 475.4p.
There are several reasons to think that shares in IAG, the parent group of British Airways, could take off next year.
Firstly, and most obviously, there is the plummeting oil price, which has nearly halved since June to around $60 (£39) a barrel. For airlines whose biggest cost is jet fuel, then the benefits are huge. They are built to profit at $120 barrel, so imagine how much money you can make at $60, or if oil falls much further, which some experts think it will. With shares in IAG only having risen by 18.7pc this year, it appears the market has yet to fully factor in this benefit.
Secondly, IAG is trying to buy Aer Lingus. It has had one approach rejected, but is expected to make a fresh approach. A deal won’t be easy to pull off but the City would like to see it happen and the chief executive Willie Walsh is capable of doing it. Aer Lingus has 23 valuable landing slots at Heathrow, a lucrative business flying passengers across the Atlantic, and hundreds of millions of euros sitting on its balance sheet.
Five years ago BA merged with Spain’s Iberia to form IAG. It has taken that long for the real benefits of the deal to filter through, but they are finally starting to show and analysts at Liberum reckon that the market has been slow to recognise that. The broker says there is potential for a re-rating of the shares and has slapped a buy recommendation on the stock with a 600p target price. They currently trade at 475.4p.
skinny
- 05 Jan 2015 08:30
- 249 of 466
New high @500p.
goldfinger
- 05 Jan 2015 08:58
- 250 of 466
Bought first thing saw it was on the verge of a breakout.
cynic
- 05 Jan 2015 09:02
- 251 of 466
i already hold .... and ditto EZJ which is also ticking along
strangely, FLYB which i don't hold, is doing nothing
btw, OCDO has been and continues to be a cracker
strangely, FLYB which i don't hold, is doing nothing
btw, OCDO has been and continues to be a cracker
cp1 - 05 Jan 2015 09:07 - 252 of 466
Bought on the breakout, jet fuel only getting cheaper.
cynic
- 05 Jan 2015 09:10
- 253 of 466
just as importantly, it now looks likely to stay low (say $40/70) for some time ahead
and at the petrol pump, our local price is now <110 and will probably fall further
and at the petrol pump, our local price is now <110 and will probably fall further
skinny
- 05 Jan 2015 09:13
- 254 of 466
Been long since @279 :-)
cp1 - 05 Jan 2015 10:20 - 255 of 466
101 for diesel here on Saturday
but that was with my clubcard offer......
but that was with my clubcard offer......
cynic
- 05 Jan 2015 10:43
- 256 of 466
101 for diesel ??????
are you running on illegal red?
are you running on illegal red?
skinny
- 05 Jan 2015 12:03
- 257 of 466
Still looking strong - high 502p.
Fred1new
- 08 Jan 2015 16:59
- 258 of 466
StockMarketWire.com
International Consolidated Airlines Group - the holding company of British Airways and Iberia - carried 5.8 million passengers in December, an increase of 10.8% on a year ago.
For the full year 2014, the group carried 77.3 million passengers - an increase of 10 million passengers or 15.0% on the previous year.
Group capacity measured in available seat kilometres increased by 4.5%.
Group premium traffic for the month increased by 3.4% compared to the previous year.
At 3:15pm: (LON:IAG) International Consolidated Airlines Group share price was -3.8p at 477.4p
Story provided by StockMarketWire.com
International Consolidated Airlines Group - the holding company of British Airways and Iberia - carried 5.8 million passengers in December, an increase of 10.8% on a year ago.
For the full year 2014, the group carried 77.3 million passengers - an increase of 10 million passengers or 15.0% on the previous year.
Group capacity measured in available seat kilometres increased by 4.5%.
Group premium traffic for the month increased by 3.4% compared to the previous year.
At 3:15pm: (LON:IAG) International Consolidated Airlines Group share price was -3.8p at 477.4p
Story provided by StockMarketWire.com
doodlebug4 - 11 Jan 2015 17:17 - 259 of 466
British Airways Owner IAG’s Second Aer Lingus Offer Spurned
By Kari Lundgren Jan 9, 2015 7:17 PM GMT 2 Comments Email Print
British Airways owner IAG SA (IAG) said it lifted its bid for Aer Lingus Group Plc (AERL) at the end of last month and and was rebuffed again by the Irish carrier’s board.
The adjusted proposal, made on Dec. 29, was a cash offer worth 2.40 euros ($2.84) a share, 10 cents more than the first two weeks earlier, London-based IAG said in a statement today. The latest approach values Aer Lingus at 1.28 billion euros.
Buying the Irish carrier would help swell IAG’s bank of scarce take-off and landing positions at London Heathrow, Europe’s busiest hub, where British Airways is the No. 1 carrier. The company, which acquired the former British Midland to gain slots, would need to broker a deal with 30 percent shareholder Ryanair Holdings Plc (RYA), which saw its own takeover bids for Aer Lingus blocked. IAG would also need to come to terms with the Irish government, which controls 25 percent.
“There can be no certainty that any further proposal or offer will be forthcoming,” said IAG, as International Consolidated Airlines Group SA is known. “A further statement will be made if and when appropriate.”
Aer Lingus closed up 10 percent at 2.50 euros in Dublin today -- 10 cents above the offer price. The stock has risen 37 percent since Dec. 17, the day before the first proposal became public, giving the airline a market value of 1.34 billion euros.
Other interested buyers might include Gulf carrier Etihad Airways PJSC, which owns 4 percent of Aer Lingus, and Virgin Atlantic Airways Ltd. in combination with Delta Air Lines Inc. (DAL), Goodbody analysts said in December
Bloomberg news
By Kari Lundgren Jan 9, 2015 7:17 PM GMT 2 Comments Email Print
British Airways owner IAG SA (IAG) said it lifted its bid for Aer Lingus Group Plc (AERL) at the end of last month and and was rebuffed again by the Irish carrier’s board.
The adjusted proposal, made on Dec. 29, was a cash offer worth 2.40 euros ($2.84) a share, 10 cents more than the first two weeks earlier, London-based IAG said in a statement today. The latest approach values Aer Lingus at 1.28 billion euros.
Buying the Irish carrier would help swell IAG’s bank of scarce take-off and landing positions at London Heathrow, Europe’s busiest hub, where British Airways is the No. 1 carrier. The company, which acquired the former British Midland to gain slots, would need to broker a deal with 30 percent shareholder Ryanair Holdings Plc (RYA), which saw its own takeover bids for Aer Lingus blocked. IAG would also need to come to terms with the Irish government, which controls 25 percent.
“There can be no certainty that any further proposal or offer will be forthcoming,” said IAG, as International Consolidated Airlines Group SA is known. “A further statement will be made if and when appropriate.”
Aer Lingus closed up 10 percent at 2.50 euros in Dublin today -- 10 cents above the offer price. The stock has risen 37 percent since Dec. 17, the day before the first proposal became public, giving the airline a market value of 1.34 billion euros.
Other interested buyers might include Gulf carrier Etihad Airways PJSC, which owns 4 percent of Aer Lingus, and Virgin Atlantic Airways Ltd. in combination with Delta Air Lines Inc. (DAL), Goodbody analysts said in December
Bloomberg news
Fred1new
- 12 Jan 2015 09:58
- 260 of 466
Fred1new
- 12 Jan 2015 09:58
- 261 of 466
.
skinny
- 12 Jan 2015 10:06
- 262 of 466
There you go Fred.
doodlebug4 - 12 Jan 2015 12:53 - 263 of 466
'No certainty' of improved IAG bid for Aer Lingus
By Phil Davies | 12 January 2015 at 08.24 GMT
0 Comments
International Airlines Group says there can be “no certainty” that it will return with another offer for Aer Lingus after a second bid was rejected by the Irish flag carrier.
The revised takeover bid from the British Airways owner was made at the end of December was for €2.40 (£1.88) per share against the €2.30 offered previously.
Activist Aer Lingus investor Crystal Amber, which holds a 2.8% stake, called on IAG to raise its bid to €3 a share, valuing the carrier at €1.6 billion.
“We think the board of Aer Lingus was absolutely right to reject an offer at €2.40,” Richard Bernstein, investment adviser at Crystal Amber, told the Sunday Telegraph.
He said that the Dublin-based airline was worth a “minimum” of €2.75 a share and that IAG could be forced as high as €3.
Bernstein expects IAG to return again with a sweetened third offer.
“When [IAG boss] Willie Walsh bid for Vueling he bid €7 initially which was rejected, and then he paid €9.25 in the agreed deal so there’s a bit of a precedent,” he was quoted as saying.
Bernstein previously urged IAG to offer €2.60 a share, but said that in the light of last Thursday’s strong fourth-quarter trading update from Aer Lingus, such a bid would be “insufficient”.
The airline said operating profit for 2014 would surpass the €61.1 million it reported a year earlier and that it had boosted fuel hedging to benefit from falling fuel prices.
Revealing that its latest offer had been rejected, IAG said on Friday: “There can be no certainty that any further proposal or offer will be forthcoming. A further statement will be made if and when appropriate.”
A successful bid for Aer Lingus would see IAG gain more precious take-off and landing slots at Heathrow. But any acquisition would require the backing of Ryanair which owns 29.9% of its Irish rival, and has itself tried and failed to take it over.
The Irish government owns 25% of Aer Lingus and would also have had to agree the deal.
Travel Weekly
By Phil Davies | 12 January 2015 at 08.24 GMT
0 Comments
International Airlines Group says there can be “no certainty” that it will return with another offer for Aer Lingus after a second bid was rejected by the Irish flag carrier.
The revised takeover bid from the British Airways owner was made at the end of December was for €2.40 (£1.88) per share against the €2.30 offered previously.
Activist Aer Lingus investor Crystal Amber, which holds a 2.8% stake, called on IAG to raise its bid to €3 a share, valuing the carrier at €1.6 billion.
“We think the board of Aer Lingus was absolutely right to reject an offer at €2.40,” Richard Bernstein, investment adviser at Crystal Amber, told the Sunday Telegraph.
He said that the Dublin-based airline was worth a “minimum” of €2.75 a share and that IAG could be forced as high as €3.
Bernstein expects IAG to return again with a sweetened third offer.
“When [IAG boss] Willie Walsh bid for Vueling he bid €7 initially which was rejected, and then he paid €9.25 in the agreed deal so there’s a bit of a precedent,” he was quoted as saying.
Bernstein previously urged IAG to offer €2.60 a share, but said that in the light of last Thursday’s strong fourth-quarter trading update from Aer Lingus, such a bid would be “insufficient”.
The airline said operating profit for 2014 would surpass the €61.1 million it reported a year earlier and that it had boosted fuel hedging to benefit from falling fuel prices.
Revealing that its latest offer had been rejected, IAG said on Friday: “There can be no certainty that any further proposal or offer will be forthcoming. A further statement will be made if and when appropriate.”
A successful bid for Aer Lingus would see IAG gain more precious take-off and landing slots at Heathrow. But any acquisition would require the backing of Ryanair which owns 29.9% of its Irish rival, and has itself tried and failed to take it over.
The Irish government owns 25% of Aer Lingus and would also have had to agree the deal.
Travel Weekly
Fred1new
- 12 Jan 2015 13:01
- 264 of 466
Skinny,
Thank you.
How did you do that?
I was playing but gave up!
Thank you.
How did you do that?
I was playing but gave up!
skinny
- 12 Jan 2015 13:08
- 265 of 466
Fred, I'm not sure of the correct terminology, but what you were trying to post was not a static image, but a document,
I used 'IFRAME' to embed it into the posting.
I used 'IFRAME' to embed it into the posting.
Fred1new
- 12 Jan 2015 13:54
- 266 of 466
Thanks.
Generally only use Barclays Charting for quick look.
But was quite impressed.
Tend to use Sharescope, because it started around about the time I started.
Generally only use Barclays Charting for quick look.
But was quite impressed.
Tend to use Sharescope, because it started around about the time I started.
skinny
- 13 Jan 2015 07:24
- 267 of 466
Jefferies International Buy 469.30 469.30 480.00 570.00 Reiterates
skinny
- 14 Jan 2015 11:41
- 268 of 466
RBC Capital Markets Outperform 494.45 400.00 550.00 Reiterates
skinny
- 20 Jan 2015 14:01
- 269 of 466
New high today @511p.
Fred1new
- 20 Jan 2015 14:12
- 270 of 466
I am now worrying about the next low!
8-)
8-)
skinny
- 23 Jan 2015 15:55
- 271 of 466
No excuse for posting this again!
jimmy b
- 23 Jan 2015 16:01
- 272 of 466
I like this one better skinny .......
skinny
- 23 Jan 2015 16:04
- 273 of 466
I can't top the Daily Mail! :-)
skinny
- 26 Jan 2015 06:46
- 274 of 466
skinny
- 26 Jan 2015 07:02
- 275 of 466
Possible Offer Update
Possible Offer Update
The Board of Directors of Aer Lingus (the "Board") confirms that it has received a revised proposal from International Consolidated Airlines Group, S.A. ("IAG") which values each Aer Lingus share at €2.55 comprising an all cash offer for the Company of €2.50 per share and a cash dividend of €0.05 per share (the "Revised Proposal"). The Revised Proposal remains conditional on, amongst other things, confirmatory due diligence, the recommendation of the Board of Aer Lingus and the receipt of irrevocable commitments from Ryanair Limited and the Minister for Finance of Ireland to accept the offer.
The Board is considering the Revised Proposal.
This statement is being made by Aer Lingus without the prior agreement or approval of IAG. There can be no certainty that any offer will be made nor as to the terms of any offer. Shareholders are strongly advised to take no action.
Possible Offer Update
The Board of Directors of Aer Lingus (the "Board") confirms that it has received a revised proposal from International Consolidated Airlines Group, S.A. ("IAG") which values each Aer Lingus share at €2.55 comprising an all cash offer for the Company of €2.50 per share and a cash dividend of €0.05 per share (the "Revised Proposal"). The Revised Proposal remains conditional on, amongst other things, confirmatory due diligence, the recommendation of the Board of Aer Lingus and the receipt of irrevocable commitments from Ryanair Limited and the Minister for Finance of Ireland to accept the offer.
The Board is considering the Revised Proposal.
This statement is being made by Aer Lingus without the prior agreement or approval of IAG. There can be no certainty that any offer will be made nor as to the terms of any offer. Shareholders are strongly advised to take no action.
skinny
- 26 Jan 2015 08:14
- 276 of 466
IAG Statement on possible cash offer for Aer Lingus
STATEMENT ON POSSIBLE CASH OFFER FOR AER LINGUS GROUP PLC ("AER LINGUS")
International Consolidated Airlines Group, SA ("IAG") confirms it has submitted an improved proposal to make an offer for Aer Lingus. The proposal consists of an offer of €2.55 per share, structured as a cash payment of €2.50 per share, payable upon completion, in addition to an ordinary dividend of €0.05 per share. The proposal is subject to certain pre-conditions.
There can be no certainty that any further proposal or offer will be forthcoming. A further statement will be made if and when appropriate.
STATEMENT ON POSSIBLE CASH OFFER FOR AER LINGUS GROUP PLC ("AER LINGUS")
International Consolidated Airlines Group, SA ("IAG") confirms it has submitted an improved proposal to make an offer for Aer Lingus. The proposal consists of an offer of €2.55 per share, structured as a cash payment of €2.50 per share, payable upon completion, in addition to an ordinary dividend of €0.05 per share. The proposal is subject to certain pre-conditions.
There can be no certainty that any further proposal or offer will be forthcoming. A further statement will be made if and when appropriate.
skinny
- 27 Jan 2015 07:02
- 277 of 466
Statement on possible cash offer for Aer Lingus Released 07:00 27-Jan-2015
STATEMENT ON POSSIBLE CASH OFFER FOR AER LINGUS GROUP PLC ("AER LINGUS")
International Consolidated Airlines Group, SA ("IAG") confirms it has submitted an improved proposal to make an offer for Aer Lingus. The proposal consists of an offer of €2.55 per share, structured as a cash payment of €2.50 per share, payable upon completion, in addition to an ordinary dividend of €0.05 per share. The proposal is subject to certain pre-conditions.
The Board of Aer Lingus has indicated to IAG that the financial terms of the proposal are at a level at which it would be willing to recommend to Aer Lingus shareholders, subject to being satisfied with the manner in which IAG proposes to address the interests of relevant parties. Accordingly the Board of Aer Lingus has granted IAG access to perform a limited period of confirmatory due diligence.
It is IAG's intention that under its ownership, Aer Lingus would:
§ operate as a separate business with its own brand, management and operations, continuing to provide connectivity to Ireland, while benefitting from the scale of being part of the larger IAG group;
§ join the oneworld alliance, of which British Airways and Iberia are key members; and
§ join the joint business that IAG operates over the North Atlantic with American Airlines, leveraging the natural traffic flows between Ireland and the US and the advantageous geographical position of Dublin for serving connecting flows.
IAG believes that the proposal would secure and strengthen Aer Lingus's brand and long term future within a successful and profitable European airline group, offering significant benefits to both Aer Lingus and its customers.
IAG recognises the importance of direct air services and air route connectivity for investment and tourism in Ireland and intends to engage with the Irish Government in order to secure its support for the transaction.
A further statement will be made if and when appropriate.
STATEMENT ON POSSIBLE CASH OFFER FOR AER LINGUS GROUP PLC ("AER LINGUS")
International Consolidated Airlines Group, SA ("IAG") confirms it has submitted an improved proposal to make an offer for Aer Lingus. The proposal consists of an offer of €2.55 per share, structured as a cash payment of €2.50 per share, payable upon completion, in addition to an ordinary dividend of €0.05 per share. The proposal is subject to certain pre-conditions.
The Board of Aer Lingus has indicated to IAG that the financial terms of the proposal are at a level at which it would be willing to recommend to Aer Lingus shareholders, subject to being satisfied with the manner in which IAG proposes to address the interests of relevant parties. Accordingly the Board of Aer Lingus has granted IAG access to perform a limited period of confirmatory due diligence.
It is IAG's intention that under its ownership, Aer Lingus would:
§ operate as a separate business with its own brand, management and operations, continuing to provide connectivity to Ireland, while benefitting from the scale of being part of the larger IAG group;
§ join the oneworld alliance, of which British Airways and Iberia are key members; and
§ join the joint business that IAG operates over the North Atlantic with American Airlines, leveraging the natural traffic flows between Ireland and the US and the advantageous geographical position of Dublin for serving connecting flows.
IAG believes that the proposal would secure and strengthen Aer Lingus's brand and long term future within a successful and profitable European airline group, offering significant benefits to both Aer Lingus and its customers.
IAG recognises the importance of direct air services and air route connectivity for investment and tourism in Ireland and intends to engage with the Irish Government in order to secure its support for the transaction.
A further statement will be made if and when appropriate.
skinny
- 27 Jan 2015 07:14
- 278 of 466
skinny
- 27 Jan 2015 09:05
- 279 of 466
Liberum Capital Buy 561.50 549.00 600.00 600.00 Reiterates
Fred1new
- 27 Jan 2015 11:49
- 280 of 466
I have just dropped my IAG shares.
Not certain whether the "deal" with Aer Lingus is beneficial or not to share price over the next 12-18mths.
To me the chart has had a good run and suggests a small back is due.
I think, I will watch and wait.
Perhaps, I am too jumpy, to many UNKNOWN UNKNOWNS in EUROPE, RUSSIA and ME for me.
Watch it fly.
Not certain whether the "deal" with Aer Lingus is beneficial or not to share price over the next 12-18mths.
To me the chart has had a good run and suggests a small back is due.
I think, I will watch and wait.
Perhaps, I am too jumpy, to many UNKNOWN UNKNOWNS in EUROPE, RUSSIA and ME for me.
Watch it fly.
skinny
- 29 Jan 2015 14:39
- 281 of 466
A bit of an increase in height after the US opened!
skinny
- 30 Jan 2015 06:49
- 282 of 466
Nomura Buy 564.00 564.00 550.00 650.00 Retains
skinny
- 30 Jan 2015 07:02
- 283 of 466
May explain the spike yesterday as the US opened.
Acquisition of a 9.99% stake in International Consolidated Airlines Group, SA ("IAG")
Doha, Qatar - As part of efforts to enhance operations and strengthen existing commercial ties initiated through codeshare agreements with IAG as well as its membership of the oneworld alliance, Qatar Airways has acquired a 9.99% stake in IAG.
Non-EU shareholders of IAG including Qatar Airways are subject to an overall cap on non-EU ownership as a result of the requirement for EU airlines to be majority owned by EU shareholders. Qatar Airways may consider increasing its stake further over time although this is not currently intended to exceed 9.99%.
"IAG represents an excellent opportunity to further develop our Westwards strategy. Having joined the oneworld alliance it makes sense for us to work more closely together in the near term and we look forward to forging a long term relationship" said His Excellency Mr. Akbar Al Baker, Group Chief Executive of Qatar Airways.
Acquisition of a 9.99% stake in International Consolidated Airlines Group, SA ("IAG")
Doha, Qatar - As part of efforts to enhance operations and strengthen existing commercial ties initiated through codeshare agreements with IAG as well as its membership of the oneworld alliance, Qatar Airways has acquired a 9.99% stake in IAG.
Non-EU shareholders of IAG including Qatar Airways are subject to an overall cap on non-EU ownership as a result of the requirement for EU airlines to be majority owned by EU shareholders. Qatar Airways may consider increasing its stake further over time although this is not currently intended to exceed 9.99%.
"IAG represents an excellent opportunity to further develop our Westwards strategy. Having joined the oneworld alliance it makes sense for us to work more closely together in the near term and we look forward to forging a long term relationship" said His Excellency Mr. Akbar Al Baker, Group Chief Executive of Qatar Airways.
goldfinger
- 30 Jan 2015 07:57
- 284 of 466
30 Jan 2015 International... IAG Nomura Buy 564.00 564.00 550.00 650.00 Retains
SP TARGET 650p
SP TARGET 650p
skinny
- 30 Jan 2015 07:57
- 285 of 466
See post 282.
skinny
- 30 Jan 2015 10:00
- 286 of 466
Liberum Capital Buy 559.75 600.00 600.00 Retains
HARRYCAT
- 02 Feb 2015 15:36
- 287 of 466
StockMarketWire.com
International Consolidated Airlines Group has set a series of safeguards on the future of Aer Lingus in a bid to secure Irish government support for IAG's proposed offer.
The proposed commitments would ensure that, unless there is explicit Irish government agreement:
· Aer Lingus's 23 slot pairs at London Heathrow cannot be sold, including to other IAG airlines;
· Aer Lingus's name, head office location or place of incorporation in the Republic of Ireland, cannot be changed.
· In addition, IAG is prepared to offer a further commitment to operate the slots on Irish routes for five years. This is protection that the government does not have today.
IAG chief executive Willie Walsh said: "We are committed to maintaining and strengthening Aer Lingus. We want to develop air services that ensure Ireland's connectivity is enhanced. In seeking the support of the Irish Government, we propose to offer it legally binding commitments that go well beyond the protections currently available to it. These commitments would give the Irish Government an important role that they do not have today in securing the future of Aer Lingus."
IAG has spelled out other key benefits from its proposal:
· Aer Lingus would operate as a separate business with its own brand, management and operations, continuing to provide connectivity to Ireland, while benefitting from the scale of being part of the larger group;
· Aer Lingus would join the oneworld alliance, of which British Airways and Iberia are key members; and
· Aer Lingus would join the joint business that IAG operates over the North Atlantic with American Airlines, leveraging the natural traffic flows between Ireland and the US and the advantageous geographical position of Dublin for serving connecting flows. This is significantly enhanced by US immigration pre-clearance.
International Consolidated Airlines Group has set a series of safeguards on the future of Aer Lingus in a bid to secure Irish government support for IAG's proposed offer.
The proposed commitments would ensure that, unless there is explicit Irish government agreement:
· Aer Lingus's 23 slot pairs at London Heathrow cannot be sold, including to other IAG airlines;
· Aer Lingus's name, head office location or place of incorporation in the Republic of Ireland, cannot be changed.
· In addition, IAG is prepared to offer a further commitment to operate the slots on Irish routes for five years. This is protection that the government does not have today.
IAG chief executive Willie Walsh said: "We are committed to maintaining and strengthening Aer Lingus. We want to develop air services that ensure Ireland's connectivity is enhanced. In seeking the support of the Irish Government, we propose to offer it legally binding commitments that go well beyond the protections currently available to it. These commitments would give the Irish Government an important role that they do not have today in securing the future of Aer Lingus."
IAG has spelled out other key benefits from its proposal:
· Aer Lingus would operate as a separate business with its own brand, management and operations, continuing to provide connectivity to Ireland, while benefitting from the scale of being part of the larger group;
· Aer Lingus would join the oneworld alliance, of which British Airways and Iberia are key members; and
· Aer Lingus would join the joint business that IAG operates over the North Atlantic with American Airlines, leveraging the natural traffic flows between Ireland and the US and the advantageous geographical position of Dublin for serving connecting flows. This is significantly enhanced by US immigration pre-clearance.
skinny
- 02 Feb 2015 15:41
- 288 of 466
Credit Suisse Outperform 529.75 678.00 678.00 Reiterates
skinny
- 04 Feb 2015 15:32
- 289 of 466
JANUARY 2015 - IAG GROUP TRAFFIC AND CAPACITY STATISTICS
§ Group traffic in January, measured in Revenue Passenger Kilometres, increased by 5.5 per cent versus the same month in 2014; Group capacity measured in Available Seat Kilometres rose by 5.7 per cent.
§ Group premium traffic for the month of January increased by 6.4 per cent compared to the previous year.
§ Group traffic in January, measured in Revenue Passenger Kilometres, increased by 5.5 per cent versus the same month in 2014; Group capacity measured in Available Seat Kilometres rose by 5.7 per cent.
§ Group premium traffic for the month of January increased by 6.4 per cent compared to the previous year.
skinny
- 13 Feb 2015 14:24
- 290 of 466
skinny
- 24 Feb 2015 12:19
- 291 of 466
Full Year results this Friday 27th.
skinny
- 27 Feb 2015 07:08
- 292 of 466
Final Results
FULL YEAR RESULTS ANNOUNCEMENT
International Consolidated Airlines Group (IAG) today (February 27, 2015) presented Group consolidated results for the year to December 31, 2014.
IAG period highlights on results:
· Fourth quarter operating profit €260 million (2013: operating profit of €113 million) before exceptional items
· Revenue for the quarter up 9.9 per cent to €5,015 million, up 5.8 per cent at constant currency
· Non-fuel unit costs for the quarter down 0.8 per cent at constant currency
· Operating profit for the year to December 31, 2014 of €1,390 million (2013: operating profit of €770 million) before exceptional items
· Revenue for the year up 8.0 per cent to €20,170 million and passenger unit revenue for the year down 0.4 per cent at constant currency
· Fuel unit costs for the year down 7.8 per cent also down 7.8 per cent at constant currency.
· Non-fuel unit costs before exceptional items for the year down 1.9 per cent, down 3.9 per cent at constant currency
· Cash of €4,944 million at December 31, 2014 was up €1,311 million on 2013 year end
· Adjusted gearing up 1 point to 51 per cent and adjusted net debt to EBITDAR improved 0.6 to 1.9 times
10. DIVIDENDS
The Directors propose that no dividend be paid for the year to December 31, 2014 (December 31, 2013: nil).
FULL YEAR RESULTS ANNOUNCEMENT
International Consolidated Airlines Group (IAG) today (February 27, 2015) presented Group consolidated results for the year to December 31, 2014.
IAG period highlights on results:
· Fourth quarter operating profit €260 million (2013: operating profit of €113 million) before exceptional items
· Revenue for the quarter up 9.9 per cent to €5,015 million, up 5.8 per cent at constant currency
· Non-fuel unit costs for the quarter down 0.8 per cent at constant currency
· Operating profit for the year to December 31, 2014 of €1,390 million (2013: operating profit of €770 million) before exceptional items
· Revenue for the year up 8.0 per cent to €20,170 million and passenger unit revenue for the year down 0.4 per cent at constant currency
· Fuel unit costs for the year down 7.8 per cent also down 7.8 per cent at constant currency.
· Non-fuel unit costs before exceptional items for the year down 1.9 per cent, down 3.9 per cent at constant currency
· Cash of €4,944 million at December 31, 2014 was up €1,311 million on 2013 year end
· Adjusted gearing up 1 point to 51 per cent and adjusted net debt to EBITDAR improved 0.6 to 1.9 times
10. DIVIDENDS
The Directors propose that no dividend be paid for the year to December 31, 2014 (December 31, 2013: nil).
skinny
- 03 Mar 2015 13:40
- 293 of 466
skinny
- 04 Mar 2015 07:39
- 294 of 466
Jefferies International Buy 556.00 556.00 570.00 700.00 Reiterates
skinny
- 04 Mar 2015 16:24
- 295 of 466
FEBRUARY 2015 - IAG GROUP TRAFFIC AND CAPACITY STATISTICS
§ Group traffic in February, measured in Revenue Passenger Kilometres, increased by 5.5 per cent versus February 2014; Group capacity measured in Available Seat Kilometres rose by 4.3 per cent.
§ Group premium traffic for the month of February increased by 2.8 per cent compared to the previous year.
§ Group traffic in February, measured in Revenue Passenger Kilometres, increased by 5.5 per cent versus February 2014; Group capacity measured in Available Seat Kilometres rose by 4.3 per cent.
§ Group premium traffic for the month of February increased by 2.8 per cent compared to the previous year.
skinny
- 04 Mar 2015 16:24
- 296 of 466
skinny
- 23 Mar 2015 07:39
- 297 of 466
Liberum Capital Top pick 593.50 593.50 600.00 700.00 Retains
skinny
- 24 Mar 2015 08:29
- 298 of 466
A new high @ £6.15p
;MA(50);MA(200)&IND=MACD(26,12,9);RSI(14)&Layout=2Line;Default;Price;HisDate&XCycle=&XFormat=)
skinny
- 25 Mar 2015 11:24
- 299 of 466
Wednesday, April 8, March Traffic and Capacity Statistics and
Thursday, April 30, Q1 Results.
Maybe some clarity on the dividend?
Thursday, April 30, Q1 Results.
Maybe some clarity on the dividend?
HARRYCAT
- 08 Apr 2015 16:05
- 300 of 466
StockMarketWire.com
International Consolidated Airlines Group, holding company of British Airways and Iberia, carried 6,278,000 passengers in March, an increase of 10.5% on a year ago.
Group traffic in March, measured in revenue passenger kilometres, increased by 7.4% versus the corresponding month in 2014. Group capacity measured in available seat kilometres rose by 4.8%. Group premium traffic increased by 5.4% compared to the previous year.
On 4 March, Iberia announced that it had reached an agreement with Airbus to take early delivery of eight A330-200s that IAG ordered for the airline last year to replace A340-300s.
The new aircraft will join Iberia's longhaul fleet up to 14 months earlier than initially planned, between November 2015 and December 2016. On 29 March, British Airways began its A380 services to San Francisco from London Heathrow adding 6,000 more seats a month between the two cities. On 19 March, Vueling signed an agreement with American Airlines to feed its long haul flights from the US at Barcelona-El Prat and Rome-Fiumicino airports.
International Consolidated Airlines Group, holding company of British Airways and Iberia, carried 6,278,000 passengers in March, an increase of 10.5% on a year ago.
Group traffic in March, measured in revenue passenger kilometres, increased by 7.4% versus the corresponding month in 2014. Group capacity measured in available seat kilometres rose by 4.8%. Group premium traffic increased by 5.4% compared to the previous year.
On 4 March, Iberia announced that it had reached an agreement with Airbus to take early delivery of eight A330-200s that IAG ordered for the airline last year to replace A340-300s.
The new aircraft will join Iberia's longhaul fleet up to 14 months earlier than initially planned, between November 2015 and December 2016. On 29 March, British Airways began its A380 services to San Francisco from London Heathrow adding 6,000 more seats a month between the two cities. On 19 March, Vueling signed an agreement with American Airlines to feed its long haul flights from the US at Barcelona-El Prat and Rome-Fiumicino airports.
skinny
- 13 Apr 2015 08:37
- 301 of 466
April 30th Q1 Results.
skinny
- 16 Apr 2015 17:12
- 302 of 466
skinny
- 29 Apr 2015 08:54
- 303 of 466
Societe Generale Buy 572.25 572.50 - 750.00 Initiates/Starts
skinny
- 30 Apr 2015 07:01
- 304 of 466
1st Quarter Results
THREE MONTHS RESULTS ANNOUNCEMENT
International Consolidated Airlines Group (IAG) today (April 30, 2015) presented Group consolidated results for the three months to March 31, 2015.
IAG period highlights on results:
· First quarter operating profit €25 million (2014: operating loss of €150 million)
· Revenue for the quarter up 12.0 per cent to €4,707 million, up 3.7 per cent at constant currency
· Passenger unit revenue for the quarter up 6.9 per cent and down 0.8 per cent at constant currency
· Fuel unit costs for the quarter down 4.5 per cent, down 11.0 per cent at constant currency
· Non-fuel unit costs for the quarter up 5.9 per cent, down 2.7 per cent at constant currency
· Cash of €6,003 million at March 31, 2015 was up €1,059 million on 2014 year end
· Adjusted gearing down 3 points to 48 per cent and adjusted net debt to EBITDAR improved 0.2 to 1.7 times.
more....
THREE MONTHS RESULTS ANNOUNCEMENT
International Consolidated Airlines Group (IAG) today (April 30, 2015) presented Group consolidated results for the three months to March 31, 2015.
IAG period highlights on results:
· First quarter operating profit €25 million (2014: operating loss of €150 million)
· Revenue for the quarter up 12.0 per cent to €4,707 million, up 3.7 per cent at constant currency
· Passenger unit revenue for the quarter up 6.9 per cent and down 0.8 per cent at constant currency
· Fuel unit costs for the quarter down 4.5 per cent, down 11.0 per cent at constant currency
· Non-fuel unit costs for the quarter up 5.9 per cent, down 2.7 per cent at constant currency
· Cash of €6,003 million at March 31, 2015 was up €1,059 million on 2014 year end
· Adjusted gearing down 3 points to 48 per cent and adjusted net debt to EBITDAR improved 0.2 to 1.7 times.
more....
skinny
- 06 May 2015 15:27
- 305 of 466
According to their website, traffic stats are due today - nothing as yet!
skinny
- 07 May 2015 15:34
- 306 of 466
April Traffic Statistics
APRIL 2015 - IAG GROUP TRAFFIC AND CAPACITY STATISTICS
§ Group traffic in April, measured in Revenue Passenger Kilometres, increased by 4.0 per cent versus April 2014; Group capacity measured in Available Seat Kilometres rose by 6.4 per cent.
§ Group premium traffic for the month of April increased by 5.3 per cent compared to the previous year.
APRIL 2015 - IAG GROUP TRAFFIC AND CAPACITY STATISTICS
§ Group traffic in April, measured in Revenue Passenger Kilometres, increased by 4.0 per cent versus April 2014; Group capacity measured in Available Seat Kilometres rose by 6.4 per cent.
§ Group premium traffic for the month of April increased by 5.3 per cent compared to the previous year.
Fred1new
- 21 May 2015 15:07
- 307 of 466
Anybody know what has rattled its cage this morning?
Is it due to threatened rail strikes and link ups?
Strikes call off or suspended.
Is it due to threatened rail strikes and link ups?
Strikes call off or suspended.
skinny
- 27 May 2015 05:30
- 308 of 466
Irish government backs sale of Aer Lingus to IAG
The Irish government agreed on Tuesday to sell its 25 percent stake in Aer Lingus (AERL.I) to IAG (ICAG.L), paving the way for the owner of British Airways and Iberia to make a formal bid for the Irish carrier.
International Consolidated Airlines Group's (IAG) proposed 1.36 billion euro (£962 million) offer for Aer Lingus was recommended by the Irish airline's board in January but is still conditional on receiving the support of its other main shareholder, Ryanair Holdings Plc (RYA.I).
more....
The Irish government agreed on Tuesday to sell its 25 percent stake in Aer Lingus (AERL.I) to IAG (ICAG.L), paving the way for the owner of British Airways and Iberia to make a formal bid for the Irish carrier.
International Consolidated Airlines Group's (IAG) proposed 1.36 billion euro (£962 million) offer for Aer Lingus was recommended by the Irish airline's board in January but is still conditional on receiving the support of its other main shareholder, Ryanair Holdings Plc (RYA.I).
more....
skinny
- 27 May 2015 07:59
- 309 of 466
The RNS - Offer for Aer Lingus
Credit Suisse Outperform 552.00 750.00 750.00 Reiterates
Liberum Capital Buy 552.00 700.00 700.00 Retains
Cantor Fitzgerald Sell 548.25 520.00 520.00 Reiterates
Jefferies International Buy 548.25 700.00 700.00 Reiterates
Credit Suisse Outperform 552.00 750.00 750.00 Reiterates
Liberum Capital Buy 552.00 700.00 700.00 Retains
Cantor Fitzgerald Sell 548.25 520.00 520.00 Reiterates
Jefferies International Buy 548.25 700.00 700.00 Reiterates
skinny
- 28 May 2015 07:06
- 310 of 466
NO INCREASE STATEMENT
On 26 May 2015, International Consolidated Airlines Group, S.A. ("IAG") issued an announcement in accordance with Rule 2.5 of the Irish Takeover Rules confirming its firm intention to make an offer for Aer Lingus Group plc ("Aer Lingus"), through its wholly-owned subsidiary AERL Holding Limited, at a price of €2.55 per share (comprising a cash payment of €2.50 per share and a cash dividend of €0.05 per share (which is payable on 29 May 2015 to shareholders who were on the register at 1 May 2015)) (the "Offer Price").
IAG confirms that the Offer Price is final and will not be increased.
On 26 May 2015, International Consolidated Airlines Group, S.A. ("IAG") issued an announcement in accordance with Rule 2.5 of the Irish Takeover Rules confirming its firm intention to make an offer for Aer Lingus Group plc ("Aer Lingus"), through its wholly-owned subsidiary AERL Holding Limited, at a price of €2.55 per share (comprising a cash payment of €2.50 per share and a cash dividend of €0.05 per share (which is payable on 29 May 2015 to shareholders who were on the register at 1 May 2015)) (the "Offer Price").
IAG confirms that the Offer Price is final and will not be increased.
Fred1new
- 03 Jun 2015 15:40
- 311 of 466
IAG traffic figures up 9.2%
StockMarketWire.com
International Consolidated Airlines Group, holding company of British Airways and Iberia, carried 7,314,000 passengers in May, an increase of 9.2% on a year ago.
Group traffic in May, measured in revenue passenger kilometres, increased by 5.7% versus the corresponding month in 2014. Group capacity measured in available seat kilometres rose by 4.8%. Group premium traffic increased by 4.6% compared to the previous year.
At 3:18pm: (LON:IAG) International Consolidated Airlines Group share price was -2.5p at 552.5p
StockMarketWire.com
International Consolidated Airlines Group, holding company of British Airways and Iberia, carried 7,314,000 passengers in May, an increase of 9.2% on a year ago.
Group traffic in May, measured in revenue passenger kilometres, increased by 5.7% versus the corresponding month in 2014. Group capacity measured in available seat kilometres rose by 4.8%. Group premium traffic increased by 4.6% compared to the previous year.
At 3:18pm: (LON:IAG) International Consolidated Airlines Group share price was -2.5p at 552.5p
Fred1new
- 03 Jun 2015 15:42
- 312 of 466
It is about time it started to fly again.
Fred1new
- 10 Jun 2015 10:36
- 313 of 466
09-Jun-15 Credit Suisse Outperform 518.50p - 750.00p Reiteration
27-May-15 Credit Suisse Outperform 562.00p - 750.00p Reiteration
05-May-15 Credit Suisse Outperform 537.00p - 750.00p Reiteration
Forecasts
Year Ending Profit (m) EPS P/E PEG EPS Grth. Div Yield
31-Dec-15 1,090.16 72.98 9.7 0.1 +75.44% 15.88 2.2%
31-Dec-16 1,299.92 87.03 8.1 0.4 +19.24% 20.69 2.8%
I wish the market would think the same.
27-May-15 Credit Suisse Outperform 562.00p - 750.00p Reiteration
05-May-15 Credit Suisse Outperform 537.00p - 750.00p Reiteration
Forecasts
Year Ending Profit (m) EPS P/E PEG EPS Grth. Div Yield
31-Dec-15 1,090.16 72.98 9.7 0.1 +75.44% 15.88 2.2%
31-Dec-16 1,299.92 87.03 8.1 0.4 +19.24% 20.69 2.8%
I wish the market would think the same.
skinny
- 10 Jun 2015 10:40
- 314 of 466
Half Year Results on Friday, July 31, 2015 - dividend news should be near?
skinny
- 18 Jun 2015 13:26
- 315 of 466
skinny
- 25 Jun 2015 10:36
- 316 of 466
midknight
- 10 Jul 2015 12:12
- 317 of 466
skinny
- 15 Jul 2015 07:02
- 318 of 466
Aer Lingus Offer Update
PHASE I APPROVAL BY EUROPEAN COMMISSION
International Consolidated Airlines Group (IAG) welcomes today's decision by the European Commission to approve its Offer for Aer Lingus.
IAG has offered the following remedies to the EC as part of the regulatory process:
· Five daily slot pairs will be made available to other airlines at London Gatwick for flights between the airport and Dublin or Belfast.
· Specifically, two of the five daily frequencies must be operated between Gatwick and Dublin.
· One daily frequency must be operated between Gatwick and Belfast.
· The other two frequencies can be operated between Gatwick and either Dublin or Belfast.
· Other airlines can apply for seats on Aer Lingus’ shorthaul network for their transfer passengers, on normal commercial terms.
PHASE I APPROVAL BY EUROPEAN COMMISSION
International Consolidated Airlines Group (IAG) welcomes today's decision by the European Commission to approve its Offer for Aer Lingus.
IAG has offered the following remedies to the EC as part of the regulatory process:
· Five daily slot pairs will be made available to other airlines at London Gatwick for flights between the airport and Dublin or Belfast.
· Specifically, two of the five daily frequencies must be operated between Gatwick and Dublin.
· One daily frequency must be operated between Gatwick and Belfast.
· The other two frequencies can be operated between Gatwick and either Dublin or Belfast.
· Other airlines can apply for seats on Aer Lingus’ shorthaul network for their transfer passengers, on normal commercial terms.
skinny
- 16 Jul 2015 14:49
- 319 of 466
AER LINGUS EGM RESULT
International Consolidated Airlines Group, S.A. ("IAG") welcomes the result of Aer Lingus' Extraordinary General Meeting where Aer Lingus shareholders passed the Connectivity Resolutions and the resolution to grant the Rule 16 Approval.
The passing of these resolutions were both conditions of the Offer.
In addition, IAG has received notice from the US Department of Justice that its review of the Offer has been satisfactorily concluded. This was a condition to the Offer.
The Offer remains subject to the conditions outlined in Appendix I of the Offer Document that have not already been satisfied.
Defined terms which are not defined in this announcement have the same meaning given to them in the Offer Document posted on 19 June 2015.
International Consolidated Airlines Group, S.A. ("IAG") welcomes the result of Aer Lingus' Extraordinary General Meeting where Aer Lingus shareholders passed the Connectivity Resolutions and the resolution to grant the Rule 16 Approval.
The passing of these resolutions were both conditions of the Offer.
In addition, IAG has received notice from the US Department of Justice that its review of the Offer has been satisfactorily concluded. This was a condition to the Offer.
The Offer remains subject to the conditions outlined in Appendix I of the Offer Document that have not already been satisfied.
Defined terms which are not defined in this announcement have the same meaning given to them in the Offer Document posted on 19 June 2015.
skinny
- 31 Jul 2015 07:09
- 320 of 466
Half Yearly Report
SIX MONTHS RESULTS ANNOUNCEMENT
International Consolidated Airlines Group (IAG) today (July 31, 2015) presented Group consolidated results for the six months to June 30, 2015.
IAG period highlights on results:
· Second quarter operating profit €530 million (2014: operating profit of €380 million)
· Revenue for the quarter up 11.2 per cent to €5,656 million
· Passenger unit revenue for the quarter up 5.0 per cent and down 6.6 per cent at constant currency
· Fuel unit costs for the quarter up 3.0 per cent, down 12.0 per cent at constant currency
· Non-fuel unit costs for the quarter up 3.2 per cent, down 6.9 per cent at constant currency
· Operating profit for the half year €555 million (2014: operating profit €230 million), up 141 per cent
· Cash of €6,421 million at June 30, 2015 was up €1,477 million on 2014 year end
· Adjusted gearing down 8 points to 43 per cent and adjusted net debt to EBITDAR improved 0.4 to 1.5 times
more....
SIX MONTHS RESULTS ANNOUNCEMENT
International Consolidated Airlines Group (IAG) today (July 31, 2015) presented Group consolidated results for the six months to June 30, 2015.
IAG period highlights on results:
· Second quarter operating profit €530 million (2014: operating profit of €380 million)
· Revenue for the quarter up 11.2 per cent to €5,656 million
· Passenger unit revenue for the quarter up 5.0 per cent and down 6.6 per cent at constant currency
· Fuel unit costs for the quarter up 3.0 per cent, down 12.0 per cent at constant currency
· Non-fuel unit costs for the quarter up 3.2 per cent, down 6.9 per cent at constant currency
· Operating profit for the half year €555 million (2014: operating profit €230 million), up 141 per cent
· Cash of €6,421 million at June 30, 2015 was up €1,477 million on 2014 year end
· Adjusted gearing down 8 points to 43 per cent and adjusted net debt to EBITDAR improved 0.4 to 1.5 times
more....
skinny
- 31 Jul 2015 07:20
- 321 of 466
Fred1new
- 05 Aug 2015 16:46
- 322 of 466
Interesting figures with TP 700
IAG traffic figures up
StockMarketWire.com
International Consolidated Airlines Group, holding company of British Airways and Iberia, carried 8,829,000 passengers in July, an increase of 12.6% on a year ago.
Group traffic in July, measured in revenue passenger kilometres, increased by 9.4% versus July 2014. Group capacity measured in available seat kilometres rose by 5.5%.
Group premium traffic for the month of July increased by 8.7% compared to the previous year.
At 3:10pm: (LON:IAG) International Consolidated Airlines Group share price was +4.75p at 550.25p
Story provided by StockMarketWire.com
IAG traffic figures up
StockMarketWire.com
International Consolidated Airlines Group, holding company of British Airways and Iberia, carried 8,829,000 passengers in July, an increase of 12.6% on a year ago.
Group traffic in July, measured in revenue passenger kilometres, increased by 9.4% versus July 2014. Group capacity measured in available seat kilometres rose by 5.5%.
Group premium traffic for the month of July increased by 8.7% compared to the previous year.
At 3:10pm: (LON:IAG) International Consolidated Airlines Group share price was +4.75p at 550.25p
Story provided by StockMarketWire.com
HARRYCAT
- 05 Aug 2015 16:53
- 323 of 466
How about this for a negative view from Merrill Lynch:
"European airlines have in the last year effectively become a commodity offering with an addiction to empire-building. We believe the damaging effects of overcapacity should now be abundantly apparent and are impacting the fundamentals of the European airline industry. In fact, every airline in our coverage has now (via fierce price competition) reported underlying negative pricing growth and corresponding higher cost growth in either calendar Q1’15 or Q2’15. As ‘The Biggest Capex Cycle In History’ continues (i.e. +6% CAGR between 2014 & 2018 in global seat capacity for an industry that has barely seen +5% at any point in the last 20 years), the industry-wide negative ‘jaws’ (i.e. falling pricing coupled with rising costs) are beginning to open. We believe this will mean consensus downgrades for 2016; a year of high hedging and lofty YoY consensus EPS growth. We downgrade Lufthansa from Buy to Underperform. Moreover, we reinstate coverage of IAG with an Underperform rating.
We view IAG as similar to easyJet in many ways; both companies well loved by consensus and both are spear-headed by a best-in-class management team. We believe that consensus has been lulled into assuming that through some ‘paradigm shift investment philosophy’ that ‘this time is (somehow) different’ for IAG. We think the evidence suggests otherwise; we see a company whose underlying yield trends have started to fall (from high single digit levels only a few years ago). Moreover, without any confidence that recent cost savings are sustainable, we believe next year will see consensus EPS under-pressure. The stock at these levels is not ready for such an event."
"European airlines have in the last year effectively become a commodity offering with an addiction to empire-building. We believe the damaging effects of overcapacity should now be abundantly apparent and are impacting the fundamentals of the European airline industry. In fact, every airline in our coverage has now (via fierce price competition) reported underlying negative pricing growth and corresponding higher cost growth in either calendar Q1’15 or Q2’15. As ‘The Biggest Capex Cycle In History’ continues (i.e. +6% CAGR between 2014 & 2018 in global seat capacity for an industry that has barely seen +5% at any point in the last 20 years), the industry-wide negative ‘jaws’ (i.e. falling pricing coupled with rising costs) are beginning to open. We believe this will mean consensus downgrades for 2016; a year of high hedging and lofty YoY consensus EPS growth. We downgrade Lufthansa from Buy to Underperform. Moreover, we reinstate coverage of IAG with an Underperform rating.
We view IAG as similar to easyJet in many ways; both companies well loved by consensus and both are spear-headed by a best-in-class management team. We believe that consensus has been lulled into assuming that through some ‘paradigm shift investment philosophy’ that ‘this time is (somehow) different’ for IAG. We think the evidence suggests otherwise; we see a company whose underlying yield trends have started to fall (from high single digit levels only a few years ago). Moreover, without any confidence that recent cost savings are sustainable, we believe next year will see consensus EPS under-pressure. The stock at these levels is not ready for such an event."
skinny
- 05 Aug 2015 16:57
- 324 of 466
skinny
- 18 Aug 2015 16:01
- 325 of 466
skinny
- 18 Aug 2015 16:25
- 326 of 466
18 Aug 15 Credit Suisse Outperform 551.25 750.00 750.00 Reiterates
skinny
- 20 Aug 2015 07:27
- 327 of 466
Somewhat academic in the current market!
Nomura Buy 539.00 539.00 700.00 750.00 Retains
Nomura Buy 539.00 539.00 700.00 750.00 Retains
Fred1new
- 20 Aug 2015 07:34
- 328 of 466
Skinny,
Dreams, dreams!
Dreams, dreams!
skinny
- 26 Aug 2015 09:20
- 329 of 466
Barclays Capital Overweight 517.75 - 750.00 Resumes
skinny
- 26 Aug 2015 10:11
- 330 of 466
.
skinny
- 03 Sep 2015 15:34
- 331 of 466
AUGUST 2015 - IAG GROUP TRAFFIC AND CAPACITY STATISTICS
§ Group traffic in August, measured in Revenue Passenger Kilometres, increased by 8.6 per cent versus August 2014; Group capacity measured in Available Seat Kilometres rose by 6.1 per cent.
§ Group premium traffic for the month of August increased by 8.7 per cent compared to the previous year.
more....
§ Group traffic in August, measured in Revenue Passenger Kilometres, increased by 8.6 per cent versus August 2014; Group capacity measured in Available Seat Kilometres rose by 6.1 per cent.
§ Group premium traffic for the month of August increased by 8.7 per cent compared to the previous year.
more....
skinny
- 09 Sep 2015 07:14
- 332 of 466
Deutsche Bank Buy 569.50 569.50 480.00 760.00 Reiterates
Barclays Capital Overweight 569.50 569.50 750.00 750.00 Resumes
Barclays Capital Overweight 569.50 569.50 750.00 750.00 Resumes
skinny
- 09 Sep 2015 13:07
- 333 of 466
Friday, October 30, 2015 Q3 results.
skinny
- 14 Sep 2015 07:56
- 334 of 466
Credit Suisse Outperform 583.50 583.50 750.00 852.00 Reiterates
skinny
- 14 Sep 2015 10:49
- 335 of 466
Five month high @594.50p.
skinny
- 14 Sep 2015 13:33
- 336 of 466
Positive - Director/PDMR Shareholding
Fred1new
- 07 Oct 2015 16:23
- 337 of 466
Why the drop?
Due to oil prices?
Due to oil prices?
cynic
- 07 Oct 2015 17:45
- 338 of 466
a general downgrade on airlines from Credit Suisse on the basis of a steady recovery of oil prices from their lows
HARRYCAT
- 27 Oct 2015 11:47
- 339 of 466
Steady chart, cheap oil (assuming they haven't hedged too far ahead) and brokers all pretty upbeat....TP 750p from most of them. Yield is a bit on the skinny side for me!!!!
skinny
- 27 Oct 2015 11:52
- 340 of 466
Oi!
skinny
- 28 Oct 2015 07:05
- 341 of 466
SEPTEMBER 2015 - IAG GROUP TRAFFIC AND CAPACITY STATISTICS
§ Group traffic in September, measured in Revenue Passenger Kilometres, increased by 13.9 per cent versus September 2014 (up 4.7 per cent on a pro-forma basis); Group capacity measured in Available Seat Kilometres rose by 13.7 per cent (up 4.4 per cent on a pro-forma basis).
§ Group premium traffic for the month of September increased by 1.6 per cent on a pro-forma basis.
§ Group traffic in September, measured in Revenue Passenger Kilometres, increased by 13.9 per cent versus September 2014 (up 4.7 per cent on a pro-forma basis); Group capacity measured in Available Seat Kilometres rose by 13.7 per cent (up 4.4 per cent on a pro-forma basis).
§ Group premium traffic for the month of September increased by 1.6 per cent on a pro-forma basis.
HARRYCAT
- 30 Oct 2015 09:28
- 342 of 466
Down 5%!!!!
HARRYCAT
- 30 Oct 2015 09:29
- 343 of 466
StockMarketWire.com
International Consolidated Airlines Group's third quarter operating profit €1,250 million before exceptional items (2014: €900 million), excluding Aer Lingus €1,205 million.
Revenue for the quarter up 15.2% at €6,756 million
Passenger unit revenue for the quarter up 6.5%. Excluding Aer Lingus and at constant currency down 3.3%
Fuel unit costs for the quarter down 8.6%, down 19.7% at constant currency.
Non-fuel unit costs for the quarter were up 5.6%. Excluding Aer Lingus and at constant currency down 3.5%.
Operating profit for the nine months was €1,805 million before exceptional items (2014: €1,130 million), up 59.7%, excluding Aer Lingus and exceptional items €1,760 million
Cash of €6,786 million at September 30, 2015 was up €1,842 million on 2014 year end, including €958 million from Aer Lingus.
Adjusted gearing down 2 points to 49 per cent and adjusted net debt to EBITDAR improved 0.1 to 1.8 times.
IAG chief executive Willie Walsh said: "We're reporting strong quarter results with a positive contribution from all of our airlines. IAG made an operating profit before exceptional items of €1,250 million, up from €900 million last year.
"Our passenger unit revenue showed a better trend than in the second quarter of the year and our cost performance remained strong.
"We're delighted to announce IAG's first dividend payment of 10 euro cents per share. For the full year we expect to pay out 25 per cent of our underlying profit after tax in dividends and plan to announce a proposal for a final dividend for 2015 when the full year results are published.
"Aer Lingus made an operating profit of €45 million since it joined IAG on August 18. While the airline's profitability is seasonal, Aer Lingus is cost-effective and provides a natural gateway to build our business between Europe and North America. It's a great asset for the Group."
At current fuel prices and exchange rates, IAG expects to generate an operating profit between €2.25 billion and €2.3 billion for the full year, excluding Aer Lingus.
International Consolidated Airlines Group's third quarter operating profit €1,250 million before exceptional items (2014: €900 million), excluding Aer Lingus €1,205 million.
Revenue for the quarter up 15.2% at €6,756 million
Passenger unit revenue for the quarter up 6.5%. Excluding Aer Lingus and at constant currency down 3.3%
Fuel unit costs for the quarter down 8.6%, down 19.7% at constant currency.
Non-fuel unit costs for the quarter were up 5.6%. Excluding Aer Lingus and at constant currency down 3.5%.
Operating profit for the nine months was €1,805 million before exceptional items (2014: €1,130 million), up 59.7%, excluding Aer Lingus and exceptional items €1,760 million
Cash of €6,786 million at September 30, 2015 was up €1,842 million on 2014 year end, including €958 million from Aer Lingus.
Adjusted gearing down 2 points to 49 per cent and adjusted net debt to EBITDAR improved 0.1 to 1.8 times.
IAG chief executive Willie Walsh said: "We're reporting strong quarter results with a positive contribution from all of our airlines. IAG made an operating profit before exceptional items of €1,250 million, up from €900 million last year.
"Our passenger unit revenue showed a better trend than in the second quarter of the year and our cost performance remained strong.
"We're delighted to announce IAG's first dividend payment of 10 euro cents per share. For the full year we expect to pay out 25 per cent of our underlying profit after tax in dividends and plan to announce a proposal for a final dividend for 2015 when the full year results are published.
"Aer Lingus made an operating profit of €45 million since it joined IAG on August 18. While the airline's profitability is seasonal, Aer Lingus is cost-effective and provides a natural gateway to build our business between Europe and North America. It's a great asset for the Group."
At current fuel prices and exchange rates, IAG expects to generate an operating profit between €2.25 billion and €2.3 billion for the full year, excluding Aer Lingus.
HARRYCAT
- 30 Oct 2015 15:33
- 344 of 466
DeutscheBank comment:
"IAG has reported its third quarter results this morning and our first take is that they are in-line. Expectations of a strong Q3 have been met; IAG has reported Q3 EBIT of E1250m (E1 205m ex-Aer Lingus); the E1205m is in-line with DBE E1 204m and consensus E1 190m. In Q3 (pre-AERL, consFX) passenger unit revenues were down 3.3% (Q2 down 6.6%) against ex-fuel unit costs down 3.5% (Q2 down 6.9%). As is normal at this juncture, IAG has firmed up FY15 EBIT guidance (ex-AERL) to E2250m to E2300m (previously E2200m+). In our view this is broadly in-line with sell-side expectations (DBE E2344m/consensus E2190m), albeit peer results suggest investors may be ahead of this. Aer Lingus was acquired on 18th August 2015 and has contributed E45m of operating profit to date but in Q4-14 lost E31m and so it is reasonable to assume its impact on group FY15 EBIT will be negligible.
In its statement IAG has not given much indication of its Q4/Q1 outlook and so its presentation and conference call will be closely followed at 0900 UKT. Our first glance at the presentation suggests FY15 fuel bill guidance is unchanged at E6.0bn but this now includes AERL as well so there is a small implicit cut. Q4 capacity growth at the group level has been cut from 4.6% to 4.1% with marginal cuts at BA and VY against a slight increase at IB. The Q3 ASK/RASK mix suggests a much improved QoQ pan-network consFX RASK performance with Domestic and Europe particularly strong. The North Atlantic also appears to still be performing very well. Overall, we believe IAG has met the base of expectations ahead of its annual capital markets day on the 6th of November.
Other points: In our view management is unlikely to shed too much light on major strategic issues and will instead address these fully at the capital markets day next week. We believe the focal points will be (i) what IAG plans to do with its excess cash generation, (ii) a strategic update on Aer Lingus and (iii) capacity/capex. On the 2015 dividend, we note the approved interim of E0.10 yesterday which suggests a 50:50 interim:final split going forward if we assume a FY15 25% payout ratio.
Performance into results, valuation: IAG shares have been broadly flat over the last month versus (post yesterday’s movements) LHA +11%, AFKLM -4%, EZJ -3% and RYA flat. It trades on below 8x 2016 PE and 3.7x 2016 EV/EBITDAR. We believe IAG is one of the best opportunities in the sector."
"IAG has reported its third quarter results this morning and our first take is that they are in-line. Expectations of a strong Q3 have been met; IAG has reported Q3 EBIT of E1250m (E1 205m ex-Aer Lingus); the E1205m is in-line with DBE E1 204m and consensus E1 190m. In Q3 (pre-AERL, consFX) passenger unit revenues were down 3.3% (Q2 down 6.6%) against ex-fuel unit costs down 3.5% (Q2 down 6.9%). As is normal at this juncture, IAG has firmed up FY15 EBIT guidance (ex-AERL) to E2250m to E2300m (previously E2200m+). In our view this is broadly in-line with sell-side expectations (DBE E2344m/consensus E2190m), albeit peer results suggest investors may be ahead of this. Aer Lingus was acquired on 18th August 2015 and has contributed E45m of operating profit to date but in Q4-14 lost E31m and so it is reasonable to assume its impact on group FY15 EBIT will be negligible.
In its statement IAG has not given much indication of its Q4/Q1 outlook and so its presentation and conference call will be closely followed at 0900 UKT. Our first glance at the presentation suggests FY15 fuel bill guidance is unchanged at E6.0bn but this now includes AERL as well so there is a small implicit cut. Q4 capacity growth at the group level has been cut from 4.6% to 4.1% with marginal cuts at BA and VY against a slight increase at IB. The Q3 ASK/RASK mix suggests a much improved QoQ pan-network consFX RASK performance with Domestic and Europe particularly strong. The North Atlantic also appears to still be performing very well. Overall, we believe IAG has met the base of expectations ahead of its annual capital markets day on the 6th of November.
Other points: In our view management is unlikely to shed too much light on major strategic issues and will instead address these fully at the capital markets day next week. We believe the focal points will be (i) what IAG plans to do with its excess cash generation, (ii) a strategic update on Aer Lingus and (iii) capacity/capex. On the 2015 dividend, we note the approved interim of E0.10 yesterday which suggests a 50:50 interim:final split going forward if we assume a FY15 25% payout ratio.
Performance into results, valuation: IAG shares have been broadly flat over the last month versus (post yesterday’s movements) LHA +11%, AFKLM -4%, EZJ -3% and RYA flat. It trades on below 8x 2016 PE and 3.7x 2016 EV/EBITDAR. We believe IAG is one of the best opportunities in the sector."
skinny
- 02 Nov 2015 10:58
- 345 of 466
02 Nov 15 Barclays Capital Overweight 580.75 750.00 750.00 Reiterates
02 Nov 15 Beaufort Securities Buy 580.75 - - Upgrades
02 Nov 15 Deutsche Bank Buy 580.75 - 760.00 Reiterates
02 Nov 15 Jefferies International Buy 580.75 700.00 700.00 Reiterates
02 Nov 15 Beaufort Securities Buy 580.75 - - Upgrades
02 Nov 15 Deutsche Bank Buy 580.75 - 760.00 Reiterates
02 Nov 15 Jefferies International Buy 580.75 700.00 700.00 Reiterates
Fred1new
- 02 Nov 2015 11:40
- 346 of 466
Those targets are very acceptable to me.
;-)
;-)
HARRYCAT
- 06 Nov 2015 07:50
- 347 of 466
StockMarketWire.com
International Consolidated Airlines Group will announce a considerable upgrade to its long term return and equity cash flow objectives at its Capital Markets Day today.
Long-term planning goals for 2016-2020 include: - Return on Invested Capital (real terms) targeting sustainable 15% (compared to 12%+ previously)
- An operating profit margin of 12% to 15% (compared to 10% to 14% previously)
- Average EPS growth of 12%+ per annum (compared to 10%+ per annum previously)
- EBITDAR of approximately €5.6bn average per annum (compared to €5bn average per annum previously)
- Capex: targeting less than €2.5bn per annum (compared to €2bn to €3bn per annum previously)
- Equity free-cash flow of €1.5bn to €2.5bn per annum (compared to €1bn to €1.5bn per annum previously)
- ASK growth of approximately 3% to 4% per annum (no change)
- Gearing to be in the investment grade zone (no change) In addition, IAG also announces the following changes in the executive management teams within its operating companies. Keith Williams will be retiring as Executive Chairman of British Airways in April next year and Alex Cruz, currently chairman and Chief Executive Officer of Vueling, will be replacing him. Also, Nick Swift will be stepping down as Chief Financial Officer of British Airways in April next year and Steve Gunning, current Chief Executive Officer of IAG Cargo, will be replacing him. Further appointments will be announced in due course.
International Consolidated Airlines Group will announce a considerable upgrade to its long term return and equity cash flow objectives at its Capital Markets Day today.
Long-term planning goals for 2016-2020 include: - Return on Invested Capital (real terms) targeting sustainable 15% (compared to 12%+ previously)
- An operating profit margin of 12% to 15% (compared to 10% to 14% previously)
- Average EPS growth of 12%+ per annum (compared to 10%+ per annum previously)
- EBITDAR of approximately €5.6bn average per annum (compared to €5bn average per annum previously)
- Capex: targeting less than €2.5bn per annum (compared to €2bn to €3bn per annum previously)
- Equity free-cash flow of €1.5bn to €2.5bn per annum (compared to €1bn to €1.5bn per annum previously)
- ASK growth of approximately 3% to 4% per annum (no change)
- Gearing to be in the investment grade zone (no change) In addition, IAG also announces the following changes in the executive management teams within its operating companies. Keith Williams will be retiring as Executive Chairman of British Airways in April next year and Alex Cruz, currently chairman and Chief Executive Officer of Vueling, will be replacing him. Also, Nick Swift will be stepping down as Chief Financial Officer of British Airways in April next year and Steve Gunning, current Chief Executive Officer of IAG Cargo, will be replacing him. Further appointments will be announced in due course.
skinny
- 02 Dec 2015 09:06
- 348 of 466
Nomura Buy 585.75 750.00 800.00 Retains
skinny
- 08 Jan 2016 16:44
- 349 of 466
DECEMBER 2015 - GROUP TRAFFIC AND CAPACITY STATISTICS
§ Group traffic in December, measured in Revenue Passenger Kilometres, increased by 10.5 per cent versus December 2014 (up 3.8 per cent on a pro-forma basis); Group capacity measured in Available Seat Kilometres rose by 12.1 per cent (up 4.6 per cent on a pro-forma basis).
§ Including Aer Lingus, for the full year IAG airlines carried almost 95 million passengers in 2015.
§ Group premium traffic for the month of December decreased by 0.3 per cent on a pro-forma basis.
§ The terrorist incidents in Paris in November and the US Government travel advisory had a temporary negative impact on load factors and premium traffic in December. However, our guidance for full-year 2015 operating profit, issued with our third quarter results, remains unchanged.
§ Group traffic in December, measured in Revenue Passenger Kilometres, increased by 10.5 per cent versus December 2014 (up 3.8 per cent on a pro-forma basis); Group capacity measured in Available Seat Kilometres rose by 12.1 per cent (up 4.6 per cent on a pro-forma basis).
§ Including Aer Lingus, for the full year IAG airlines carried almost 95 million passengers in 2015.
§ Group premium traffic for the month of December decreased by 0.3 per cent on a pro-forma basis.
§ The terrorist incidents in Paris in November and the US Government travel advisory had a temporary negative impact on load factors and premium traffic in December. However, our guidance for full-year 2015 operating profit, issued with our third quarter results, remains unchanged.
skinny
- 19 Feb 2016 10:33
- 350 of 466
Credit Suisse Outperform 543.50 852.00 852.00 Reiterates
Deutsche Bank Buy 543.50 760.00 760.00 Reiterates
Deutsche Bank Buy 543.50 760.00 760.00 Reiterates
Fred1new
- 19 Feb 2016 11:02
- 351 of 466
I would be happy to sell at the target price.
8-)
8-)
skinny
- 22 Feb 2016 12:52
- 352 of 466
Barclays Capital Overweight 547.25 750.00 750.00 Reiterates
skinny
- 26 Feb 2016 07:08
- 353 of 466
Final Results
FULL YEAR RESULTS ANNOUNCEMENT
International Consolidated Airlines Group (IAG) today (February 26, 2016) presented Group consolidated results for the year to December 31, 2015.
IAG period highlights on results:
· Fourth quarter operating profit €540 million excluding Aer Lingus and before exceptional items (2014: operating profit of €260 million), including Aer Lingus €530 million
· Passenger unit revenue for the quarter up 3.1 per cent. Excluding Aer Lingus and at constant currency down 3.7 per cent including approximately 1 point adverse impact from Paris attacks
· Non-fuel unit costs before exceptional items for the quarter up 2.4 per cent. Excluding Aer Lingus and at constant currency down 3.9 per cent
· Fuel unit costs before exceptional items for the quarter down 13.4 per cent, down 23.9 per cent at constant currency
· Operating profit for the year to December 31, 2015 of €2,300 million excluding Aer Lingus and before exceptional items (2014: operating profit of €1,390 million), up 65 per cent, including Aer Lingus €2,335 million
· Revenue for the year up 13.3 per cent to €22,858 million and passenger unit revenue for the year down 3.5 per cent at constant currency
· Fuel unit costs for the year before exceptional items down 6.3 per cent, down 17.2 per cent at constant currency
· Non-fuel unit costs for the year before exceptional items up 4.3 per cent, down 3.9 per cent at constant currency
· Cash of €5,856 million at December 31, 2015 was up €912 million on 2014 year end, including €772 million from Aer Lingus
· Adjusted gearing up 3 points to 54 per cent and adjusted net debt to EBITDAR remained constant at 1.9 times including Aer Lingus
FULL YEAR RESULTS ANNOUNCEMENT
International Consolidated Airlines Group (IAG) today (February 26, 2016) presented Group consolidated results for the year to December 31, 2015.
IAG period highlights on results:
· Fourth quarter operating profit €540 million excluding Aer Lingus and before exceptional items (2014: operating profit of €260 million), including Aer Lingus €530 million
· Passenger unit revenue for the quarter up 3.1 per cent. Excluding Aer Lingus and at constant currency down 3.7 per cent including approximately 1 point adverse impact from Paris attacks
· Non-fuel unit costs before exceptional items for the quarter up 2.4 per cent. Excluding Aer Lingus and at constant currency down 3.9 per cent
· Fuel unit costs before exceptional items for the quarter down 13.4 per cent, down 23.9 per cent at constant currency
· Operating profit for the year to December 31, 2015 of €2,300 million excluding Aer Lingus and before exceptional items (2014: operating profit of €1,390 million), up 65 per cent, including Aer Lingus €2,335 million
· Revenue for the year up 13.3 per cent to €22,858 million and passenger unit revenue for the year down 3.5 per cent at constant currency
· Fuel unit costs for the year before exceptional items down 6.3 per cent, down 17.2 per cent at constant currency
· Non-fuel unit costs for the year before exceptional items up 4.3 per cent, down 3.9 per cent at constant currency
· Cash of €5,856 million at December 31, 2015 was up €912 million on 2014 year end, including €772 million from Aer Lingus
· Adjusted gearing up 3 points to 54 per cent and adjusted net debt to EBITDAR remained constant at 1.9 times including Aer Lingus
skinny
- 26 Feb 2016 07:10
- 354 of 466
"Dividends
The Board is proposing a final dividend to shareholders of 10 euro cents per share, which brings the full year dividend to 20 euro cents per share. The final dividend will be paid, subject to shareholder approval, on July 4, 2016 to shareholders on the register on July 1, 2016."
The Board is proposing a final dividend to shareholders of 10 euro cents per share, which brings the full year dividend to 20 euro cents per share. The final dividend will be paid, subject to shareholder approval, on July 4, 2016 to shareholders on the register on July 1, 2016."
skinny
- 26 Feb 2016 08:42
- 355 of 466
Cantor Fitzgerald Hold 550.25 - - Reiterates
Liberum Capital Buy 550.25 700.00 700.00 Retains
Liberum Capital Buy 550.25 700.00 700.00 Retains
Fred1new
- 26 Feb 2016 15:54
- 356 of 466
TPs.
26-Feb-16 UBS Buy 537.50p - 800.00p Reiteration
19-Feb-16 Credit Suisse Outperform 545.50p - 852.00p Reiteration
15-Feb-16 Bank of America Buy 504.50p 610.00p 610.00p Upgrade
03-Feb-16 UBS Buy 523.50p - 800.00p Reiteration
-=-=-=-==-=
Sometimes wonder what the market wants.
26-Feb-16 UBS Buy 537.50p - 800.00p Reiteration
19-Feb-16 Credit Suisse Outperform 545.50p - 852.00p Reiteration
15-Feb-16 Bank of America Buy 504.50p 610.00p 610.00p Upgrade
03-Feb-16 UBS Buy 523.50p - 800.00p Reiteration
-=-=-=-==-=
Sometimes wonder what the market wants.
Fred1new
- 26 Feb 2016 15:54
- 357 of 466
.
skinny
- 02 Mar 2016 12:02
- 358 of 466
And so it continues....
02 Mar 15 Jefferies International Buy 552.75 700.00 700.00 Reiterates
02 Mar 16 RBC Capital Markets Outperform 552.75 660.00 660.00 Reiterates
02 Mar 15 Jefferies International Buy 552.75 700.00 700.00 Reiterates
02 Mar 16 RBC Capital Markets Outperform 552.75 660.00 660.00 Reiterates
skinny
- 03 Mar 2016 16:01
- 359 of 466
FEBRUARY 2016 - GROUP TRAFFIC AND CAPACITY STATISTICS
§ Group traffic in February, measured in Revenue Passenger Kilometres, increased by 15.8 per cent versus February 2015 (up 9.5 per cent on a pro-forma basis); Group capacity measured in Available Seat Kilometres rose by 14.0 per cent (up 7.2 per cent on a pro-forma basis).
§ Group premium traffic for the month of February increased by 7.0 per cent on a pro-forma basis.
§ Group traffic in February, measured in Revenue Passenger Kilometres, increased by 15.8 per cent versus February 2015 (up 9.5 per cent on a pro-forma basis); Group capacity measured in Available Seat Kilometres rose by 14.0 per cent (up 7.2 per cent on a pro-forma basis).
§ Group premium traffic for the month of February increased by 7.0 per cent on a pro-forma basis.
skinny
- 22 Mar 2016 09:03
- 360 of 466
Goldman Sachs Buy 532.25 775.00 810.00 Reiterates
jimmy b
- 22 Mar 2016 09:06
- 361 of 466
Obvious drop on today's news .
Fred1new
- 05 Apr 2016 15:33
- 362 of 466
IAG traffic figures up
StockMarketWire.com
International Consolidated Airlines Group traffic in March, measured in revenue passenger kilometres, increased by 13.9% from a year ago (up 6.7% on a pro-forma basis).
Group capacity measured in available seat kilometres rose by 12.5% (up 5.4% on a pro-forma basis). Group premium traffic for the month of October increased by 7.0% on a pro-forma basis.
At 3:10pm: (LON:IAG) International Consolidated Airlines Group share price was -8.25p at 548.25p
Story provided by StockMarketWire.com
skinny
- 27 Apr 2016 16:30
- 363 of 466
jimmy b
- 29 Apr 2016 08:17
- 364 of 466
And the sp tanks
--------------------
AG operating profits soar
StockMarketWire.com
International Consolidated Airlines Group's first quarter operating profit rose to EUR155 million before exceptional items from EUR25 million a year ago and excluding Aer Lingus rose to EUR181 million.
IAG said revenue trends in quarter two have been affected by the aftermath of the Brussels terrorist attacks, as well as some softness in underlying premium demand.
As a result, IAG has moderated its short term capacity growth plans. The group also expects to reduce its underlying ex-fuel unit costs for the full year by around one per cent. Consequently, in 2016, IAG still expects to generate an absolute operating profit increase similar to 2015.
Q1 assenger unit revenue for the quarter down 3.5% and at constant currency down 4.7% (excluding Aer Lingus and at constant currency down 5.2 per cent).
Non-fuel unit costs for the quarter were up 1.3 per cent and at constant currency up 0.6 per cent (excluding Aer Lingus and at constant currency down 0.5 per cent).
Fuel unit costs before exceptional items for the quarter were down 23.4 per cent, down 30.4 per cent at constant currency.
Adjusted gearing remained constant at 54 per cent and adjusted net debt to EBITDAR down 0.1 points to 1.8 times
Chief executive Willie Walsh said: "We're reporting an operating profit of �155 million before exceptional items which is up by �130 million compared to last year. This is a good performance with a strong increase in what is traditionally the weakest quarter. Total revenue was up 7.9 per cent and total cost per ASK decreased by 6.1 per cent.
"January and February's revenue was in line with Q4 2015 trends. March revenue was affected by the timing of Easter and the Brussels terrorist attacks with the latter continuing into quarter two.
"Our productivity has improved 5.9 per cent and the underlying non-fuel unit costs performance continued to show improvement across our companies
--------------------
AG operating profits soar
StockMarketWire.com
International Consolidated Airlines Group's first quarter operating profit rose to EUR155 million before exceptional items from EUR25 million a year ago and excluding Aer Lingus rose to EUR181 million.
IAG said revenue trends in quarter two have been affected by the aftermath of the Brussels terrorist attacks, as well as some softness in underlying premium demand.
As a result, IAG has moderated its short term capacity growth plans. The group also expects to reduce its underlying ex-fuel unit costs for the full year by around one per cent. Consequently, in 2016, IAG still expects to generate an absolute operating profit increase similar to 2015.
Q1 assenger unit revenue for the quarter down 3.5% and at constant currency down 4.7% (excluding Aer Lingus and at constant currency down 5.2 per cent).
Non-fuel unit costs for the quarter were up 1.3 per cent and at constant currency up 0.6 per cent (excluding Aer Lingus and at constant currency down 0.5 per cent).
Fuel unit costs before exceptional items for the quarter were down 23.4 per cent, down 30.4 per cent at constant currency.
Adjusted gearing remained constant at 54 per cent and adjusted net debt to EBITDAR down 0.1 points to 1.8 times
Chief executive Willie Walsh said: "We're reporting an operating profit of �155 million before exceptional items which is up by �130 million compared to last year. This is a good performance with a strong increase in what is traditionally the weakest quarter. Total revenue was up 7.9 per cent and total cost per ASK decreased by 6.1 per cent.
"January and February's revenue was in line with Q4 2015 trends. March revenue was affected by the timing of Easter and the Brussels terrorist attacks with the latter continuing into quarter two.
"Our productivity has improved 5.9 per cent and the underlying non-fuel unit costs performance continued to show improvement across our companies
cynic
- 29 Apr 2016 08:26
- 365 of 466
need to look closer, but may be worth a punt just as was WPP yesterday
cynic
- 29 Apr 2016 09:50
- 366 of 466
was tempted to buy as thought fall was o'done but perhaps not on consideration .....
IAG: falls as Brussels attacks dent demand
29 Apr 2016 - 08:54
* IAG falls 3.9 pct after the airline group says it will scale back expansion plans after weaker demand following the Brussels terror attacks
* CEO Willie Walsh says trading in line in Jan and Feb but became more difficult at the end of the quarter [nL5N17W1DE]
* Q1 operating profit 155 mln euros v 145 mln euros expected by analysts
* Cantor Fitzgerald says guidance on the cautious side, with downgrades rather than upgrades more likely following results
* Top faller and most traded by average 30-day volumes on FTSE 100 < .FTSE>
* European airline stocks all lower on Friday
IAG: falls as Brussels attacks dent demand
29 Apr 2016 - 08:54
* IAG falls 3.9 pct after the airline group says it will scale back expansion plans after weaker demand following the Brussels terror attacks
* CEO Willie Walsh says trading in line in Jan and Feb but became more difficult at the end of the quarter [nL5N17W1DE]
* Q1 operating profit 155 mln euros v 145 mln euros expected by analysts
* Cantor Fitzgerald says guidance on the cautious side, with downgrades rather than upgrades more likely following results
* Top faller and most traded by average 30-day volumes on FTSE 100 < .FTSE>
* European airline stocks all lower on Friday
jimmy b
- 29 Apr 2016 09:52
- 367 of 466
I'm wary of airlines or in fact most stocks before the vote .
cynic
- 29 Apr 2016 09:57
- 368 of 466
don't disagree jimmy, but sometimes just fall on the news - eg WPP - and that presented a good chance to buy for the bounce - which duly happened
i think WTB did likewise but i missed that
if you want a short, i still reckon GKP is for the knacker's yard and have been short since 6.25p ...... to dopey to do it beforehand
i think WTB did likewise but i missed that
if you want a short, i still reckon GKP is for the knacker's yard and have been short since 6.25p ...... to dopey to do it beforehand
jimmy b
- 29 Apr 2016 10:03
- 369 of 466
GKP i agree but missed out on that NXT has been the only short i have had .
cynic
- 29 Apr 2016 10:05
- 370 of 466
should have done well shorting NXT
jimmy b
- 29 Apr 2016 10:08
- 371 of 466
Got in a bit late but yes i got it right .
skinny
- 03 May 2016 12:16
- 372 of 466
FINAL DIVIDEND
As announced on 26 February 2016, the Board of Directors of International Consolidated Airlines Group, S.A. (IAG) has submitted for approval at its 2016 General Shareholders Meeting the distribution in cash of a final dividend of 10 euro cents per share.
Subject to the approval of the General Shareholders Meeting, this proposed final dividend will be made as follows:
a) A gross amount of 5 euro cents per share from the share premium reserve (no withholding applicable to this element of the dividend).
b) A gross amount of 5 euro cents per share from net profit for the year to 31 December 2015. Tax withholding at the current applicable rate of 19 per cent shall be made on this gross amount as required by applicable legislation, giving a net distribution in cash of 4 euro cents per share.
Accordingly the dividend will be paid as follows:
Gross total dividend 0.10
Applicable withholding tax (19%) 0.01
Net total dividend 0.09 (Euros per share)
Timetable (applicable to both the Spanish and UK markets)
Ex-dividend date 30 June 2016
Record date 1 July 2016
Payment date From 4 July 2016
As announced on 26 February 2016, the Board of Directors of International Consolidated Airlines Group, S.A. (IAG) has submitted for approval at its 2016 General Shareholders Meeting the distribution in cash of a final dividend of 10 euro cents per share.
Subject to the approval of the General Shareholders Meeting, this proposed final dividend will be made as follows:
a) A gross amount of 5 euro cents per share from the share premium reserve (no withholding applicable to this element of the dividend).
b) A gross amount of 5 euro cents per share from net profit for the year to 31 December 2015. Tax withholding at the current applicable rate of 19 per cent shall be made on this gross amount as required by applicable legislation, giving a net distribution in cash of 4 euro cents per share.
Accordingly the dividend will be paid as follows:
Gross total dividend 0.10
Applicable withholding tax (19%) 0.01
Net total dividend 0.09 (Euros per share)
Timetable (applicable to both the Spanish and UK markets)
Ex-dividend date 30 June 2016
Record date 1 July 2016
Payment date From 4 July 2016
skinny
- 03 May 2016 12:17
- 373 of 466
HSBC Hold 506.90 620.00 610.00 Reiterates
Deutsche Bank Buy 506.90 760.00 760.00 Reiterates
Barclays Capital Overweight 506.90 750.00 750.00 Reiterates
Deutsche Bank Buy 506.90 760.00 760.00 Reiterates
Barclays Capital Overweight 506.90 750.00 750.00 Reiterates
cynic
- 03 May 2016 12:55
- 374 of 466
i'm not sure why both IAG and EZJ are down so badly
IAG in particular had very good results within the last week, and certainly the fall looks overdone
is today's continuing weakness anything more than just general market malaise?
IAG in particular had very good results within the last week, and certainly the fall looks overdone
is today's continuing weakness anything more than just general market malaise?
skinny
- 17 May 2016 16:21
- 375 of 466
Increase of equity stake in International Consolidated Airlines Group, SA ("IAG")
17 May 2016
Doha, Qatar - Qatar Airways has today increased its shareholding in IAG to 15.01%. Qatar Airways has decided to further deepen its relationship with IAG and the increased stake recognises the strengthening commercial and strategic ties between the companies.
Qatar Airways believes IAG is very well positioned in Europe on the back notably of its attractive exposure to the Transatlantic segment, its leading positions at the London and Madrid hubs and the future benefits from the acquisition of Aer Lingus. Qatar Airways fully supports this ongoing strategy.
Non-EU shareholders of IAG including Qatar Airways are subject to an overall cap on non-EU ownership as a result of the requirement for EU airlines to be majority owned by EU shareholders. Qatar Airways may consider increasing its stake further over time within the allowable limits.
"We have been very happy with our investment in IAG, from a financial, commercial and strategic perspective. The relationship formed has helped to deliver on our westbound strategy. Furthermore, IAG's proven management and strategic direction have been the basis on which we will continue to forge a long-term relationship" said His Excellency Mr. Akbar Al Baker, Group Chief Executive of Qatar Airways.".
17 May 2016
Doha, Qatar - Qatar Airways has today increased its shareholding in IAG to 15.01%. Qatar Airways has decided to further deepen its relationship with IAG and the increased stake recognises the strengthening commercial and strategic ties between the companies.
Qatar Airways believes IAG is very well positioned in Europe on the back notably of its attractive exposure to the Transatlantic segment, its leading positions at the London and Madrid hubs and the future benefits from the acquisition of Aer Lingus. Qatar Airways fully supports this ongoing strategy.
Non-EU shareholders of IAG including Qatar Airways are subject to an overall cap on non-EU ownership as a result of the requirement for EU airlines to be majority owned by EU shareholders. Qatar Airways may consider increasing its stake further over time within the allowable limits.
"We have been very happy with our investment in IAG, from a financial, commercial and strategic perspective. The relationship formed has helped to deliver on our westbound strategy. Furthermore, IAG's proven management and strategic direction have been the basis on which we will continue to forge a long-term relationship" said His Excellency Mr. Akbar Al Baker, Group Chief Executive of Qatar Airways.".
skinny
- 18 May 2016 07:18
- 376 of 466
Credit Suisse Outperform 495.00 721.00 721.00 Reiterates
HARRYCAT
- 18 May 2016 08:45
- 377 of 466
Am tempted to buy some IAG, but with the various summer events coming up which are likely to be negative for the market, think I may wait........just hope I don't miss the boat.
Fred1new
- 03 Jun 2016 17:37
- 378 of 466
IAG traffic up
StockMarketWire.com
International Consolidated Airlines Group traffic in May, measured in revenue passenger kilometres, increased by 14.1% from a year ago (up 4.4% on a pro-forma basis).
Group capacity measured in available seat kilometres rose by 14.1% (up 4.5% on a pro-forma basis).
StockMarketWire.com
International Consolidated Airlines Group traffic in May, measured in revenue passenger kilometres, increased by 14.1% from a year ago (up 4.4% on a pro-forma basis).
Group capacity measured in available seat kilometres rose by 14.1% (up 4.5% on a pro-forma basis).
HARRYCAT
- 08 Jun 2016 08:57
- 379 of 466
StockMarketWire.com
International Consolidated Airlines Group has changed the ex-dividend date for the final dividend announced on 3 May from 30 June to 29 June.
This follows the Comision Nacional del Mercado de Valores (CNMV) announcing a delay to the implementation of the new T+2 clearing and settlement system in Spain. The implementation of the new system is now expected on 3 October (previously 27 June).
The dividend will be paid from 4 July to holders of record on 1 July. The dividend is subject to shareholder approval at a general meeting on 16 June.
International Consolidated Airlines Group has changed the ex-dividend date for the final dividend announced on 3 May from 30 June to 29 June.
This follows the Comision Nacional del Mercado de Valores (CNMV) announcing a delay to the implementation of the new T+2 clearing and settlement system in Spain. The implementation of the new system is now expected on 3 October (previously 27 June).
The dividend will be paid from 4 July to holders of record on 1 July. The dividend is subject to shareholder approval at a general meeting on 16 June.
HARRYCAT
- 29 Jun 2016 08:15
- 380 of 466
StockMarketWire.com
International Consolidated Airlines Group believes that the vote to leave the European Union will not have a long term material impact on its business.
In the short term, however, in the run up to the UK referendum during June, IAG experienced a weaker than expected trading environment. Following the outcome of the referendum, and given current market volatility, while IAG continues to expect a significant increase in operating profit this year, it no longer expects to generate an absolute operating profit increase similar to 2015. IAG will update the market in due course.
International Consolidated Airlines Group believes that the vote to leave the European Union will not have a long term material impact on its business.
In the short term, however, in the run up to the UK referendum during June, IAG experienced a weaker than expected trading environment. Following the outcome of the referendum, and given current market volatility, while IAG continues to expect a significant increase in operating profit this year, it no longer expects to generate an absolute operating profit increase similar to 2015. IAG will update the market in due course.
HARRYCAT
- 29 Jun 2016 14:22
- 381 of 466
Bloomberg - Qatar Airways seeking to increase it's holding in IAG to 20%, seeing the current weakness in the sp as a buying opportunity.
skinny
- 11 Jul 2016 10:26
- 382 of 466
Societe Generale Buy 380.20 500.00 500.00 Reiterates
HARRYCAT
- 11 Jul 2016 10:31
- 383 of 466
I have a feeling the weak pound might be bad news for their next set of figures, as they are, I think, presented in Sterling. Tempted to buy at this level, but not sure all the bad news is in the price yet.
Claret Dragon
- 11 Jul 2016 11:02
- 384 of 466
Use BA when I can but lıve wrong sıde of town to use ıt regularly. More tıme on M25 than ın the aır.
I wıll try and help them out wıth my return journey.
Had a dabble as well.
I wıll try and help them out wıth my return journey.
Had a dabble as well.
skinny
- 14 Jul 2016 13:42
- 385 of 466
AER LINGUS LONGHAUL AIRCRAFT ORDER
International Airlines Group (IAG) is converting two Airbus 330-300 longhaul aircraft options into firm orders for Aer Lingus.
These aircraft will be delivered in 2017 and will facilitate expansion on Aer Lingus' transatlantic network.
The modern, fuel efficient aircraft will bring both cost efficiencies and environmental benefits to the airline. These A330 options were first announced in September 2014.
International Airlines Group (IAG) is converting two Airbus 330-300 longhaul aircraft options into firm orders for Aer Lingus.
These aircraft will be delivered in 2017 and will facilitate expansion on Aer Lingus' transatlantic network.
The modern, fuel efficient aircraft will bring both cost efficiencies and environmental benefits to the airline. These A330 options were first announced in September 2014.
skinny
- 29 Jul 2016 07:59
- 386 of 466
SIX MONTHS YEAR RESULTS ANNOUNCEMENT
International Consolidated Airlines Group (IAG) today (July 29, 2016) presented Group consolidated results for the six months to June 30, 2016.
IAG period highlights on results:
· Second quarter operating profit €555 million before exceptional items (2015: operating profit of €530 million), excluding Aer Lingus €487 million
· Net foreign exchange operating profit impact for the quarter adverse €148 million
· Passenger unit revenue for the quarter down 10.2 per cent and at constant currency down 6.2 per cent (excluding Aer Lingus and at constant currency down 6.5 per cent)
· Non-fuel unit costs before exceptional items for the quarter down 1.1 per cent and at constant currency up 0.8 per cent (excluding Aer Lingus and at constant currency up 1.3 per cent)
· Fuel unit costs before exceptional items for the quarter down 31.2 per cent, down 29.3 per cent at constant currency
· Operating profit before exceptional items for the half year €710 million (2015: operating profit €555 million), up 27.9 per cent. Excluding Aer Lingus €668 million
· Cash of €6,561 million at June 30, 2016 was up €705 million on 2015 year end
· Adjusted gearing down 1 point to 53 per cent and adjusted net debt to EBITDAR improved 0.2 to 1.7 times
International Consolidated Airlines Group (IAG) today (July 29, 2016) presented Group consolidated results for the six months to June 30, 2016.
IAG period highlights on results:
· Second quarter operating profit €555 million before exceptional items (2015: operating profit of €530 million), excluding Aer Lingus €487 million
· Net foreign exchange operating profit impact for the quarter adverse €148 million
· Passenger unit revenue for the quarter down 10.2 per cent and at constant currency down 6.2 per cent (excluding Aer Lingus and at constant currency down 6.5 per cent)
· Non-fuel unit costs before exceptional items for the quarter down 1.1 per cent and at constant currency up 0.8 per cent (excluding Aer Lingus and at constant currency up 1.3 per cent)
· Fuel unit costs before exceptional items for the quarter down 31.2 per cent, down 29.3 per cent at constant currency
· Operating profit before exceptional items for the half year €710 million (2015: operating profit €555 million), up 27.9 per cent. Excluding Aer Lingus €668 million
· Cash of €6,561 million at June 30, 2016 was up €705 million on 2015 year end
· Adjusted gearing down 1 point to 53 per cent and adjusted net debt to EBITDAR improved 0.2 to 1.7 times
skinny
- 29 Jul 2016 10:37
- 387 of 466
Cantor Fitzgerald Hold 419.90 520.00 520.00 Reiterates
Liberum Capital Hold 419.90 375.00 375.00 Retains
Liberum Capital Hold 419.90 375.00 375.00 Retains
skinny
- 01 Aug 2016 08:10
- 388 of 466
Increase of equity stake in IAG
1 August 2016
Doha, Qatar - On 12th July 2016 Qatar Airways announced that it held a 15.67% shareholding in IAG and reiterated that it may consider increasing its stake further within the allowable limits. Non-EU shareholders of IAG including Qatar Airways are subject to an overall cap on non-EU ownership as a result of the requirement for EU airlines to be majority owned by EU shareholders.
As of 28 July, Qatar Airways is pleased to announce that it now holds 20.01% of IAG. While Qatar Airways' interest in IAG is purely financial, the increased shareholding reflects the strength of commercial and strategic ties between the companies and evidences the continued support for the ongoing strategy of IAG.
"The recent market valuation of one of the world's leading airline groups has provided what we believe is an attractive opportunity to increase our shareholding in IAG. We continue to be highly supportive of IAG's strategy and management team and we do not intend to increase our percentage shareholding further unless there are material changes to the current situation." said Akbar Al Baker, Group Chief Executive of Qatar Airways.
1 August 2016
Doha, Qatar - On 12th July 2016 Qatar Airways announced that it held a 15.67% shareholding in IAG and reiterated that it may consider increasing its stake further within the allowable limits. Non-EU shareholders of IAG including Qatar Airways are subject to an overall cap on non-EU ownership as a result of the requirement for EU airlines to be majority owned by EU shareholders.
As of 28 July, Qatar Airways is pleased to announce that it now holds 20.01% of IAG. While Qatar Airways' interest in IAG is purely financial, the increased shareholding reflects the strength of commercial and strategic ties between the companies and evidences the continued support for the ongoing strategy of IAG.
"The recent market valuation of one of the world's leading airline groups has provided what we believe is an attractive opportunity to increase our shareholding in IAG. We continue to be highly supportive of IAG's strategy and management team and we do not intend to increase our percentage shareholding further unless there are material changes to the current situation." said Akbar Al Baker, Group Chief Executive of Qatar Airways.
skinny
- 01 Aug 2016 11:05
- 389 of 466
Beaufort Securities Buy 394.50 - - Reiterates
Deutsche Bank Buy 394.50 610.00 590.00 Reiterates
Barclays Capital Overweight 394.50 420.00 420.00 Reiterates
Deutsche Bank Buy 394.50 610.00 590.00 Reiterates
Barclays Capital Overweight 394.50 420.00 420.00 Reiterates
hlyeo98 - 06 Oct 2016 16:12 - 390 of 466
IAG passenger traffic mostly up in September
Airline group IAG released its group traffic and capacity statistics for September on Wednesday, with traffic - as measured in revenue passenger kilometres - up 4.8% year-on-year, while capacity in available seat kilometres rose by 5.6%.
The FTSE 100 firm said group premium traffic for the month increased by 8.4% on the previous year.
Broken down by airline, Vueling saw revenue passenger kilometres grow 8.9%, with available seat kilometres up 8.4% for the month.
Aer Lingus revenue passenger kilometres were up 11.3%, with available seat kilometres up 13.1% and cargo tonne kilometres down 16.7%.
Its Spanish arm Iberia saw revenue passenger kilometres increase 4.5% and available seat kilometres rise 4.7%, with cargo tonne kilometres improving 13.9%.
And at British Airways, revenue passenger kilometres were up 3.1%, available seat kilometres were 4.2% higher, and cargo tonne kilometres grew 6.1%.
The company’s board highlighted some of its strategic developments during the month, including the 28 September announcement that it entered a joint business agreement between British Airways and Qatar Airways which will start on October 30.
“It includes a revenue-sharing agreement between London and Doha and the joint business will allow the airlines to cooperate on scheduling and pricing.
“They will also codeshare on all non-stop flights operated between the UK and Doha and connecting services to destinations in the UK, continental Europe, Middle East, Asia and Africa.
“This will include British Airways' daily direct flights from London Heathrow to Doha.”
It also noted the 29 September announcement that British Airways is partnering with Marks & Spencer to offer customers on short-haul flights the option to purchase a premium food range on board.
“The new British Airways menu, which will replace the airline's current complimentary snacks, will be available in the economy cabin on short-haul and domestic flights from 2017.
“Additionally, customers will be able to pay with Avios via the BA app or with their Executive Club card.”
Airline group IAG released its group traffic and capacity statistics for September on Wednesday, with traffic - as measured in revenue passenger kilometres - up 4.8% year-on-year, while capacity in available seat kilometres rose by 5.6%.
The FTSE 100 firm said group premium traffic for the month increased by 8.4% on the previous year.
Broken down by airline, Vueling saw revenue passenger kilometres grow 8.9%, with available seat kilometres up 8.4% for the month.
Aer Lingus revenue passenger kilometres were up 11.3%, with available seat kilometres up 13.1% and cargo tonne kilometres down 16.7%.
Its Spanish arm Iberia saw revenue passenger kilometres increase 4.5% and available seat kilometres rise 4.7%, with cargo tonne kilometres improving 13.9%.
And at British Airways, revenue passenger kilometres were up 3.1%, available seat kilometres were 4.2% higher, and cargo tonne kilometres grew 6.1%.
The company’s board highlighted some of its strategic developments during the month, including the 28 September announcement that it entered a joint business agreement between British Airways and Qatar Airways which will start on October 30.
“It includes a revenue-sharing agreement between London and Doha and the joint business will allow the airlines to cooperate on scheduling and pricing.
“They will also codeshare on all non-stop flights operated between the UK and Doha and connecting services to destinations in the UK, continental Europe, Middle East, Asia and Africa.
“This will include British Airways' daily direct flights from London Heathrow to Doha.”
It also noted the 29 September announcement that British Airways is partnering with Marks & Spencer to offer customers on short-haul flights the option to purchase a premium food range on board.
“The new British Airways menu, which will replace the airline's current complimentary snacks, will be available in the economy cabin on short-haul and domestic flights from 2017.
“Additionally, customers will be able to pay with Avios via the BA app or with their Executive Club card.”
skinny
- 26 Oct 2016 15:10
- 391 of 466
Nil Pd - 26 Oct 2016 15:42 - 392 of 466
skinny:
Interesting reading but I don't think it can be why the sp spiked earlier. Any ideas why? I'm thinking a combination of broker upgrades, good-ish murmurs from Lufthansa and the passenger traffic.
But it was a 2:30pm spike, so somewhat specific. But I can't find out why.
BTW, I'm only a free subscriber. If you recognise my handle, I was on but left A :D V F N.
Interesting reading but I don't think it can be why the sp spiked earlier. Any ideas why? I'm thinking a combination of broker upgrades, good-ish murmurs from Lufthansa and the passenger traffic.
But it was a 2:30pm spike, so somewhat specific. But I can't find out why.
BTW, I'm only a free subscriber. If you recognise my handle, I was on but left A :D V F N.
skinny
- 26 Oct 2016 15:58
- 393 of 466
I haven't seen anything else to have caused the spike (US opening aside) - last broker update was yesterday and a reiteration of TP (530).
Nil Pd - 26 Oct 2016 16:01 - 394 of 466
Guess it must be the pension RNS, then. A good news piece for shareholders and must be a big relief for instis holding IAG!
Thanks.
Thanks.
skinny
- 26 Oct 2016 16:06
- 395 of 466
It gives a high degree of certainty - or lack of uncertainty.
I don't currently hold having sold @£4 a couple of weeks ago.
I don't currently hold having sold @£4 a couple of weeks ago.
HARRYCAT
- 26 Oct 2016 16:15
- 396 of 466
Skinny, I have seen a few of your links recently which don't seem to display correctly. Your post 393 here is a prime example. It seems to display the code but not the hyperlink.
EDIT...actually, looking at the element, they seem to be image links to ADVFN site!
EDIT...actually, looking at the element, they seem to be image links to ADVFN site!
skinny
- 26 Oct 2016 16:25
- 397 of 466
oh right - yet another change - I'll post a different chart.
Unfortunately the earlier spike is incorrect - the spike occurred at 2:30.
Unfortunately the earlier spike is incorrect - the spike occurred at 2:30.
skinny
- 26 Oct 2016 16:28
- 398 of 466
Harry - can you see the chart in post 393 now?
HARRYCAT
- 26 Oct 2016 16:29
- 399 of 466
Yes. You've tinkered with the code?
skinny
- 26 Oct 2016 16:31
- 400 of 466
Saved the image and used a hosting site that is (currently) allowed - I'm considering throwing the towel in with proactive posts as most of the tools that I use have been withdrawn.
HARRYCAT
- 26 Oct 2016 16:33
- 401 of 466
Post 49 of the PHNX thread now then!
HARRYCAT
- 26 Oct 2016 16:35
- 402 of 466
"....as most of the tools that I use have been withdrawn"......or are now obsolete and have been consigned to history??? ;o)
skinny
- 26 Oct 2016 16:43
- 403 of 466
I use IFRAME within my HTML on the traders, oil and tech threads - now disallowed and thus all now reduced to monologues.
I assume its possibly down to the recent hack - but what ever the reason, it takes away the ability to be creative and that for me is half the reason for those threads - particularly the oil and currency thread.
I assume its possibly down to the recent hack - but what ever the reason, it takes away the ability to be creative and that for me is half the reason for those threads - particularly the oil and currency thread.
HARRYCAT
- 26 Oct 2016 16:49
- 404 of 466
HTML5 Web Components. HTML Imports, part of the Web Components, allows to bundle HTML documents in other HTML documents. That includes HTML, CSS, JavaScript or anything else an .html file can contain.
Might be a few compatability issues but.......
Have a read http://webagility.com/posts/web-components-vs-iframes
Might be a few compatability issues but.......
Have a read http://webagility.com/posts/web-components-vs-iframes
skinny
- 26 Oct 2016 16:55
- 405 of 466
Harry - I had a look a couple of weeks ago, but I'm not sure that I want to reinvent the wheel.
The code for the oil thread was pretty complex and had "evolved" - which means that I don't have a copy elsewhere.
The changes made by MAM have removed it all - with a bit of notice I may have been able to copy and modify it.
The code for the oil thread was pretty complex and had "evolved" - which means that I don't have a copy elsewhere.
The changes made by MAM have removed it all - with a bit of notice I may have been able to copy and modify it.
HARRYCAT
- 26 Oct 2016 17:20
- 407 of 466
Yes. When you posted the originals, did they display correctly? Or did you not notice that they weren't displaying from the outset?
skinny
- 26 Oct 2016 17:28
- 408 of 466
If you mean post 49 on the PHNX thread - (advfn charts) it looks ok to me - hence my question in 406, which is a Hargreaves Lansdown chart.
HARRYCAT
- 26 Oct 2016 17:33
- 409 of 466
Ah, well that's strange. I'm using Windows 7 on this PC plus Chrome browser. Haven't checked if Windows 10 on my laptop with Chrome is different. Will let you know.
EDIT....Nope, post 49 on PHNX still doesn't display with 10.
Which begs the question, what are you using?
EDIT....Nope, post 49 on PHNX still doesn't display with 10.
Which begs the question, what are you using?
skinny
- 26 Oct 2016 17:44
- 410 of 466
Widows 10 64 bit - current build 14393.321 (current build).
HARRYCAT
- 26 Oct 2016 17:45
- 411 of 466
Browser?
skinny
- 26 Oct 2016 17:51
- 412 of 466
Chrome.
HARRYCAT
- 26 Oct 2016 17:52
- 413 of 466
Well, I'm stumped!
Nil Pd - 26 Oct 2016 18:34 - 414 of 466
I don't want to interrupt :-)
...just wondering if anyone has noticed what I hope is happening here. I'm only an armchair chartist, no expert, I just notice possibly meaningful patterns. Does anyone with greater knowledge see what I see? Which is:
- a triple bottom since July with a possible break-out about to happen, notably if the sp can get above the previous peak.
It's not crystal clear, especially with respect to the August bottom. Perhaps I'm over-analysing it?
...just wondering if anyone has noticed what I hope is happening here. I'm only an armchair chartist, no expert, I just notice possibly meaningful patterns. Does anyone with greater knowledge see what I see? Which is:
- a triple bottom since July with a possible break-out about to happen, notably if the sp can get above the previous peak.
It's not crystal clear, especially with respect to the August bottom. Perhaps I'm over-analysing it?
skinny
- 27 Oct 2016 07:46
- 415 of 466
Arguably an uptrend developing, with a gap to fill above 440?
Chris Carson
- 27 Oct 2016 10:24
- 416 of 466
More like in a range for last three months skinny but wtfdik. :0)
skinny
- 27 Oct 2016 10:29
- 417 of 466
Me too Chris.
skinny
- 27 Oct 2016 10:29
- 418 of 466
Blimey - looks like I can't even post pictures now - tick tick tick.
HARRYCAT
- 27 Oct 2016 13:39
- 419 of 466
Soc Gen today:
"IAG has built a strong track record over recent years: it has over-delivered on cost cutting and synergies, and it is very well positioned, especially in the transatlantic market. However, the market overestimates its earnings generation capabilities, in our view, and the transatlantic market is becoming more competitive. We cut our earnings forecast, mainly due to ongoing pound weakness. We downgrade our rating to Hold at a new TP of 420p (from 500p)."
"IAG has built a strong track record over recent years: it has over-delivered on cost cutting and synergies, and it is very well positioned, especially in the transatlantic market. However, the market overestimates its earnings generation capabilities, in our view, and the transatlantic market is becoming more competitive. We cut our earnings forecast, mainly due to ongoing pound weakness. We downgrade our rating to Hold at a new TP of 420p (from 500p)."
HARRYCAT
- 28 Oct 2016 08:30
- 420 of 466
StockMarketWire.com
International Consolidated Airlines Group posts an after-tax profit of €1,484m for the nine months to the end of September - 25.8% up on last time.
Highlights:
- Third quarter operating profit €1,205 million before exceptional items (2015: operating profit of €1,250 million)
- Net foreign exchange operating profit impact for the quarter adverse €162 million
- Passenger unit revenue for the quarter down 13.7 per cent and at constant currency down 5.9 per cent
- Non-fuel unit costs before exceptional items for the quarter down 6.9 per cent and at constant currency up 1.4 per cent
- Fuel unit costs before exceptional items for the quarter down 25.8 per cent, down 22.7 per cent at constant currency
- Operating profit before exceptional items for the period of nine months to September 30, 2016 €1,915 million (2015: €1,805 million), up 6.1 per cent. Net foreign exchange operating profit impact adverse €372 million
Chief executive Willie Walsh said: "We're reporting a strong quarter 3 operating profit before exceptional items of €1,205 million.
"While strong, these results were affected by a tough operating environment with a very significant negative currency impact of €162 million, primarily due to sterling weakness, and continued disruption due to air traffic control strikes.
"Despite this, our unit revenue performance was better than in quarter 2 and our quarterly profit after tax was €970 million before exceptional items, an improvement of 9.9 per cent on last year.
"In the nine months, we made an operating profit before exceptional items of €1,915 million, up 6.1 per cent versus last year.
"We're pleased to announce an interim dividend payment of 11 euro cents per share, a 10 per cent increase on last year. As in 2015, we expect the interim dividend to be around half the full year dividend."
Looking ahead, IAG says that at current fuel prices and exchange rates, it expects its operating profit for 2016 to be around €2.5 billion, and has seen no significant change in its short-term trading.
International Consolidated Airlines Group posts an after-tax profit of €1,484m for the nine months to the end of September - 25.8% up on last time.
Highlights:
- Third quarter operating profit €1,205 million before exceptional items (2015: operating profit of €1,250 million)
- Net foreign exchange operating profit impact for the quarter adverse €162 million
- Passenger unit revenue for the quarter down 13.7 per cent and at constant currency down 5.9 per cent
- Non-fuel unit costs before exceptional items for the quarter down 6.9 per cent and at constant currency up 1.4 per cent
- Fuel unit costs before exceptional items for the quarter down 25.8 per cent, down 22.7 per cent at constant currency
- Operating profit before exceptional items for the period of nine months to September 30, 2016 €1,915 million (2015: €1,805 million), up 6.1 per cent. Net foreign exchange operating profit impact adverse €372 million
Chief executive Willie Walsh said: "We're reporting a strong quarter 3 operating profit before exceptional items of €1,205 million.
"While strong, these results were affected by a tough operating environment with a very significant negative currency impact of €162 million, primarily due to sterling weakness, and continued disruption due to air traffic control strikes.
"Despite this, our unit revenue performance was better than in quarter 2 and our quarterly profit after tax was €970 million before exceptional items, an improvement of 9.9 per cent on last year.
"In the nine months, we made an operating profit before exceptional items of €1,915 million, up 6.1 per cent versus last year.
"We're pleased to announce an interim dividend payment of 11 euro cents per share, a 10 per cent increase on last year. As in 2015, we expect the interim dividend to be around half the full year dividend."
Looking ahead, IAG says that at current fuel prices and exchange rates, it expects its operating profit for 2016 to be around €2.5 billion, and has seen no significant change in its short-term trading.
skinny
- 28 Oct 2016 08:31
- 421 of 466
3rd Quarter Results
NINE MONTHS RESULTS ANNOUNCEMENT
International Consolidated Airlines Group (IAG) today (October 28, 2016) presented Group consolidated results for the nine months to September 30, 2016.
IAG period highlights on results:
· Third quarter operating profit €1,205 million before exceptional items (2015: operating profit of €1,250 million)
· Net foreign exchange operating profit impact for the quarter adverse €162 million
· Passenger unit revenue for the quarter down 13.7 per cent and at constant currency down 5.9 per cent
· Non-fuel unit costs before exceptional items for the quarter down 6.9 per cent and at constant currency up 1.4 per cent
· Fuel unit costs before exceptional items for the quarter down 25.8 per cent, down 22.7 per cent at constant currency
· Operating profit before exceptional items for the period of nine months to September 30, 2016 €1,915 million (2015: €1,805 million), up 6.1 per cent. Net foreign exchange operating profit impact adverse €372 million
· Cash of €6,190 million at September 30, 2016 was up €334 million on 2015 year end
· Adjusted net debt to EBITDAR improved 0.1 to 1.8 times
· Diluted earnings per share up 18.3 per cent before exceptional items (23.8 per cent after exceptional items)
more....
NINE MONTHS RESULTS ANNOUNCEMENT
International Consolidated Airlines Group (IAG) today (October 28, 2016) presented Group consolidated results for the nine months to September 30, 2016.
IAG period highlights on results:
· Third quarter operating profit €1,205 million before exceptional items (2015: operating profit of €1,250 million)
· Net foreign exchange operating profit impact for the quarter adverse €162 million
· Passenger unit revenue for the quarter down 13.7 per cent and at constant currency down 5.9 per cent
· Non-fuel unit costs before exceptional items for the quarter down 6.9 per cent and at constant currency up 1.4 per cent
· Fuel unit costs before exceptional items for the quarter down 25.8 per cent, down 22.7 per cent at constant currency
· Operating profit before exceptional items for the period of nine months to September 30, 2016 €1,915 million (2015: €1,805 million), up 6.1 per cent. Net foreign exchange operating profit impact adverse €372 million
· Cash of €6,190 million at September 30, 2016 was up €334 million on 2015 year end
· Adjusted net debt to EBITDAR improved 0.1 to 1.8 times
· Diluted earnings per share up 18.3 per cent before exceptional items (23.8 per cent after exceptional items)
more....
skinny
- 28 Oct 2016 08:32
- 422 of 466
Cantor Fitzgerald Hold 418.60 520.00 520.00 Reiterates
Credit Suisse Outperform 418.60 469.00 469.00 Retains
Credit Suisse Outperform 418.60 469.00 469.00 Retains
Chris Carson
- 28 Oct 2016 13:06
- 423 of 466
skinny
- 28 Oct 2016 13:10
- 424 of 466
I got back in for the short haul @412 - looking for 35 - 40 points.
Chris Carson
- 28 Oct 2016 13:17
- 425 of 466
I was slower skinny 424.18
skinny
- 28 Oct 2016 13:23
- 426 of 466
Chris, I was a long term holder until recently - just a S/B this time.
Lets hope we are lucky.
Lets hope we are lucky.
skinny
- 28 Oct 2016 16:55
- 427 of 466
I took 30 points earlier - I'll see what next week brings.
Nil Pd - 28 Oct 2016 17:19 - 428 of 466
Thanks skinny. Me too - wtfdik - but I'm sticking my neck out for a break-out coz firstly, it looks like it and also coz I want it (see below)!
Shame Brexit happened when it need not have done. But that's another story and I'm not qualified to discuss (non-resident these last 9 years). Except I have held since pre-Brexit and consequently been shat upon from a great height by pillocks like Boris.
Shame Brexit happened when it need not have done. But that's another story and I'm not qualified to discuss (non-resident these last 9 years). Except I have held since pre-Brexit and consequently been shat upon from a great height by pillocks like Boris.
cynic
- 28 Oct 2016 17:34
- 429 of 466
you would be more accurate to point the finger at corbyn and his less than half-hearted support of the remain campaign
Fred1new
- 28 Oct 2016 17:46
- 430 of 466
Why not Cameron for trying to save his own skin and end up hanging himself.
Chris Carson
- 28 Oct 2016 18:06
- 431 of 466
Get Lost Fred!
Nil Pd - 28 Oct 2016 18:45 - 432 of 466
Indeed, Corbyn and Boris are both Brexit buffoons. However, Farage gets most of my vitriol - at very high hydrostatic pressure.
skinny
- 28 Oct 2016 20:54
- 433 of 466
An update on post 415.
Chris Carson
- 28 Oct 2016 22:01
- 434 of 466
Could be wrong but I think 460 would be a good target with a Limit, could spike up there. Then we know what to do with spikes.
skinny
- 31 Oct 2016 08:12
- 435 of 466
Liberum Capital Hold 423.40 375.00 450.00 Reiterates
Nil Pd - 01 Nov 2016 11:52 - 436 of 466
skinny re. 433 (which re. 415). Filling the gap then.
I think it will hold the new level - when it gets there. Of course I want it to, but it's also realistic! 445-460 until next results, then up, up and away?
I think it will hold the new level - when it gets there. Of course I want it to, but it's also realistic! 445-460 until next results, then up, up and away?
Chris Carson
- 01 Nov 2016 17:16
- 437 of 466
LATEST BROKER VIEWS
Date Broker New target Recomm.
1 Nov Barclays... 460.00 Overweight
31 Oct Beaufort... N/A Buy
31 Oct Liberum Capital 450.00 Hold
28 Oct Cantor... 520.00 Hold
28 Oct Credit Suisse 469.00 Outperform
25 Oct Exane BNP... 530.00 Outperform
19 Oct Credit Suisse 439.00 Outperform
14 Oct Credit Suisse 439.00 Neutral
13 Oct Exane BNP... 530.00 Outperform
7 Oct Deutsche Bank N/A Buy
Date Broker New target Recomm.
1 Nov Barclays... 460.00 Overweight
31 Oct Beaufort... N/A Buy
31 Oct Liberum Capital 450.00 Hold
28 Oct Cantor... 520.00 Hold
28 Oct Credit Suisse 469.00 Outperform
25 Oct Exane BNP... 530.00 Outperform
19 Oct Credit Suisse 439.00 Outperform
14 Oct Credit Suisse 439.00 Neutral
13 Oct Exane BNP... 530.00 Outperform
7 Oct Deutsche Bank N/A Buy
skinny
- 03 Nov 2016 09:33
- 438 of 466
skinny
- 04 Nov 2016 07:40
- 439 of 466
OCTOBER 2016 - IAG GROUP TRAFFIC AND CAPACITY STATISTICS
§ Group traffic in October, measured in Revenue Passenger Kilometres, increased by 3.1 per cent versus October 2015; Group capacity measured in Available Seat Kilometres rose by 5.0 per cent.
§ Group premium traffic for the month of October increased by 4.7 per cent compared to the previous year.
4 November 2016
§ Group traffic in October, measured in Revenue Passenger Kilometres, increased by 3.1 per cent versus October 2015; Group capacity measured in Available Seat Kilometres rose by 5.0 per cent.
§ Group premium traffic for the month of October increased by 4.7 per cent compared to the previous year.
4 November 2016
skinny
- 11 Nov 2016 10:06
- 440 of 466
Berenberg Buy 434.30 - 595.00 Initiates/Starts
skinny
- 15 Nov 2016 10:02
- 441 of 466
Another 18 points banked - 460 - still looks a leap too far atm?
Nil Pd - 17 Nov 2016 14:02 - 442 of 466
Well done skinny!
My opinion FWIW, it will hold ~445 - 460 range until next results (see my post 436). Or something else positive, like Boris the Buffoon is sacked or sense comes into play within GB Govt.
Personally don't see why IAG can't get above 500 again and I'm happy to hold.
My opinion FWIW, it will hold ~445 - 460 range until next results (see my post 436). Or something else positive, like Boris the Buffoon is sacked or sense comes into play within GB Govt.
Personally don't see why IAG can't get above 500 again and I'm happy to hold.
skinny
- 17 Nov 2016 14:06
- 443 of 466
skinny
- 23 Nov 2016 09:36
- 444 of 466
May be 460 this time?
Chris Carson
- 23 Nov 2016 11:19
- 445 of 466
If it can break 200DMA 480p next stop barring Armageddon :0)
HARRYCAT
- 23 Nov 2016 11:20
- 446 of 466
Presumably rising fuel prices won't have an immediate effect?
skinny
- 30 Nov 2016 15:12
- 447 of 466
.
skinny
- 15 Dec 2016 15:49
- 448 of 466
HARRYCAT
- 24 Feb 2017 09:39
- 449 of 466
StockMarketWire.com
International Consolidated Airlines Group posts operating profits before exceptional items of €2,535m for the year to the end of December - 8.6% up on last time.
The group's performance was affected by an adverse currency impact of €460 million.
In particular, this was due to the weak pound following the EU referendum.
Revenue for the year fell by 1.3% to €22,567m and passenger unit revenue for the year was down 5.4% at constant currency.
Fuel unit costs for the year before exceptional items was down 26.8%, down 25.8% at constant currency.
Non-fuel unit costs for the year before exceptional items was down 4.1% and up 0.5% at constant currency.
Profit after tax of €1,952m was up 28.8% and diluted earnings per share rose by 25.7%.
The full year dividend of 23.5 cents is up 17.5%.
Chief executive Willie Walsh said: "In the quarter, we made an operating profit before exceptional items of €620 million, up from a €530 million operating profit last year, with an improvement of our underlying passenger revenue trend.
"For the full year, it was a good performance in a challenging environment with an operating profit of €2,535 million before exceptional items, up 8.6 per cent versus last year.
"Our performance was affected by an adverse currency impact of €460 million. In particular, this was due to the weak pound following the UK's EU referendum. However, despite that, we've made good progress and continue to build on all we've achieved in our first five years.
"In 2016, we carried more than 100 million passengers - double the number British Airways and Iberia carried in 2010, a year before IAG was created.
"We're committed to providing a sustainable dividend for our shareholders and are pleased to confirm that the Board is proposing a final dividend of 12.5 euro cents per share.
"This brings the full year dividend to 23.5 euro cents per share, subject to shareholder approval at our AGM in June.
"Also today we're announcing that we intend to carry out a share buyback of €500 million during the course of 2017 which may be implemented through one or more share buyback programmes.
"We have great confidence in IAG's future prospects and are increasing cash returns to our shareholders."
International Consolidated Airlines Group posts operating profits before exceptional items of €2,535m for the year to the end of December - 8.6% up on last time.
The group's performance was affected by an adverse currency impact of €460 million.
In particular, this was due to the weak pound following the EU referendum.
Revenue for the year fell by 1.3% to €22,567m and passenger unit revenue for the year was down 5.4% at constant currency.
Fuel unit costs for the year before exceptional items was down 26.8%, down 25.8% at constant currency.
Non-fuel unit costs for the year before exceptional items was down 4.1% and up 0.5% at constant currency.
Profit after tax of €1,952m was up 28.8% and diluted earnings per share rose by 25.7%.
The full year dividend of 23.5 cents is up 17.5%.
Chief executive Willie Walsh said: "In the quarter, we made an operating profit before exceptional items of €620 million, up from a €530 million operating profit last year, with an improvement of our underlying passenger revenue trend.
"For the full year, it was a good performance in a challenging environment with an operating profit of €2,535 million before exceptional items, up 8.6 per cent versus last year.
"Our performance was affected by an adverse currency impact of €460 million. In particular, this was due to the weak pound following the UK's EU referendum. However, despite that, we've made good progress and continue to build on all we've achieved in our first five years.
"In 2016, we carried more than 100 million passengers - double the number British Airways and Iberia carried in 2010, a year before IAG was created.
"We're committed to providing a sustainable dividend for our shareholders and are pleased to confirm that the Board is proposing a final dividend of 12.5 euro cents per share.
"This brings the full year dividend to 23.5 euro cents per share, subject to shareholder approval at our AGM in June.
"Also today we're announcing that we intend to carry out a share buyback of €500 million during the course of 2017 which may be implemented through one or more share buyback programmes.
"We have great confidence in IAG's future prospects and are increasing cash returns to our shareholders."
skinny
- 01 Mar 2017 11:22
- 450 of 466
Cantor Fitzgerald Hold 548.25 500.00 500.00 Reiterates
skinny
- 13 Apr 2017 10:20
- 451 of 466
Credit Suisse Outperform 529.75 631.00 657.00 Retains
HARRYCAT
- 05 May 2017 08:15
- 452 of 466
StockMarketWire.com
International Consolidated Airlines Group's first quarter operating profits before exceptional items rose to €170m up from €155m last time - a record performance in what is traditionally its weakest quarter.
The group said the period had seen increasing fuel prices and a stronger US dollar against both the euro and sterling.
Sterling had also devalued significantly against the euro.
It said the transactional foreign exchange impact for the group was net nil, while translation exchange was significant.
The group's reported revenues and expenses were lower by €406 million and €374 million respectively with a net adverse impact on operating profit of €32 million.
Passenger revenue decreased 4.2% compared to the same period last year.
Passenger unit revenue (passenger revenue per ASK) was down 3.1 per cent at constant currency from lower yields (passenger revenue/revenue passenger kilometre) impacted by the timing of Easter.
At constant currency, passenger yields decreased on leisure routes with the shift in Easter from March last year to April this year, partially offset by improvements in corporate bookings.
IAG said: "Although passenger yields are down in the quarter, the passenger revenue performance trend improved versus the previous quarter. Passengers carried by the Group rose to 21,147 thousand, an increase of 3.8 per cent.
"Cargo revenue for the period decreased 2.3 per cent, 2.1 per cent at constant currency.
"The Cargo premium mix remained strong partially offsetting overall yield decreases while cargo tonnes carried were broadly flat. "Other revenue was up 13.7 per cent or €64 million excluding currency impacts, from an increase in activity at Iberia's third party maintenance (MRO) business, BA Holidays and Avios.
Chief executive Willie Walsh said: "We're reporting an operating profit of €170 million before exceptional items which is up from €155 million compared to last year.
"This is a record performance in Q1, traditionally our weakest quarter, with the improving trend in passenger unit revenue continuing. "The impact of currency exchange was €32 million in the quarter due to the translation of sterling profit into euros. "In March we launched LEVEL, our new longhaul low cost airline brand, which starts flights from Barcelona to Los Angeles, San Francisco, Punta Cana and Buenos Aires in June. It's already been extremely successful with sales running well ahead of expectations."
Separately, IAG said group traffic in April, measured in revenue passenger kilometres, increased by 10.0 per cent versus April 2016; group capacity measured in Available Seat Kilometres rose by 4.0 per cent.
Group premium traffic for the month of April increased by 7.0 per cent compared to the previous year.
International Consolidated Airlines Group's first quarter operating profits before exceptional items rose to €170m up from €155m last time - a record performance in what is traditionally its weakest quarter.
The group said the period had seen increasing fuel prices and a stronger US dollar against both the euro and sterling.
Sterling had also devalued significantly against the euro.
It said the transactional foreign exchange impact for the group was net nil, while translation exchange was significant.
The group's reported revenues and expenses were lower by €406 million and €374 million respectively with a net adverse impact on operating profit of €32 million.
Passenger revenue decreased 4.2% compared to the same period last year.
Passenger unit revenue (passenger revenue per ASK) was down 3.1 per cent at constant currency from lower yields (passenger revenue/revenue passenger kilometre) impacted by the timing of Easter.
At constant currency, passenger yields decreased on leisure routes with the shift in Easter from March last year to April this year, partially offset by improvements in corporate bookings.
IAG said: "Although passenger yields are down in the quarter, the passenger revenue performance trend improved versus the previous quarter. Passengers carried by the Group rose to 21,147 thousand, an increase of 3.8 per cent.
"Cargo revenue for the period decreased 2.3 per cent, 2.1 per cent at constant currency.
"The Cargo premium mix remained strong partially offsetting overall yield decreases while cargo tonnes carried were broadly flat. "Other revenue was up 13.7 per cent or €64 million excluding currency impacts, from an increase in activity at Iberia's third party maintenance (MRO) business, BA Holidays and Avios.
Chief executive Willie Walsh said: "We're reporting an operating profit of €170 million before exceptional items which is up from €155 million compared to last year.
"This is a record performance in Q1, traditionally our weakest quarter, with the improving trend in passenger unit revenue continuing. "The impact of currency exchange was €32 million in the quarter due to the translation of sterling profit into euros. "In March we launched LEVEL, our new longhaul low cost airline brand, which starts flights from Barcelona to Los Angeles, San Francisco, Punta Cana and Buenos Aires in June. It's already been extremely successful with sales running well ahead of expectations."
Separately, IAG said group traffic in April, measured in revenue passenger kilometres, increased by 10.0 per cent versus April 2016; group capacity measured in Available Seat Kilometres rose by 4.0 per cent.
Group premium traffic for the month of April increased by 7.0 per cent compared to the previous year.
skinny
- 05 May 2017 09:12
- 453 of 466
APRIL 2017 - GROUP TRAFFIC AND CAPACITY STATISTICS
§ Group traffic in April, measured in Revenue Passenger Kilometres, increased by 10.0 per cent versus April 2016; Group capacity measured in Available Seat Kilometres rose by 4.0 per cent.
§ Group premium traffic for the month of April increased by 7.0 per cent compared to the previous year.
5 May 2017
STRATEGIC DEVELOPMENTS
On 5 April, British Airways launched a £400 million investment plan which includes improvements in Club World, the introduction of Club Europe on UK domestic services, new lounges and First Wing direct security and lounge access at Heathrow. In addition, self-service check-in and biometric boarding gates will speed up airport processes. Over the next two years, the airline's shorthaul and longhaul fleets will be fitted with the latest generation Wi-Fi.
On 24 April, IAG announced that following its highly successful accelerator programme, Hangar 51, the Group will invest in two start-ups. Esplorio (an app that records and shares travel experiences) and Vchain (blockchain technology that allows customers to have control over their data and helps them get through airports faster) were selected to continue working with the Group to further develop their products and benefit customers. They will also receive funding from IAG's multimillion pound investment fund for digital transformation.
On 2 May, Vueling announced that it has carried more than 100 million passengers at Barcelona airport since it started operations 13 years ago. Vueling is the leading airline at El Prat from where it flies to more than 130 European destinations and has 36 per cent market share.
§ Group traffic in April, measured in Revenue Passenger Kilometres, increased by 10.0 per cent versus April 2016; Group capacity measured in Available Seat Kilometres rose by 4.0 per cent.
§ Group premium traffic for the month of April increased by 7.0 per cent compared to the previous year.
5 May 2017
STRATEGIC DEVELOPMENTS
On 5 April, British Airways launched a £400 million investment plan which includes improvements in Club World, the introduction of Club Europe on UK domestic services, new lounges and First Wing direct security and lounge access at Heathrow. In addition, self-service check-in and biometric boarding gates will speed up airport processes. Over the next two years, the airline's shorthaul and longhaul fleets will be fitted with the latest generation Wi-Fi.
On 24 April, IAG announced that following its highly successful accelerator programme, Hangar 51, the Group will invest in two start-ups. Esplorio (an app that records and shares travel experiences) and Vchain (blockchain technology that allows customers to have control over their data and helps them get through airports faster) were selected to continue working with the Group to further develop their products and benefit customers. They will also receive funding from IAG's multimillion pound investment fund for digital transformation.
On 2 May, Vueling announced that it has carried more than 100 million passengers at Barcelona airport since it started operations 13 years ago. Vueling is the leading airline at El Prat from where it flies to more than 130 European destinations and has 36 per cent market share.
Claret Dragon
- 29 May 2017 19:36
- 454 of 466
Flew BA To Germany a couple of weeks ago. Not what it was thats for sure even before the chaos.
Stan
- 29 May 2017 20:42
- 455 of 466
A Possible recovery play here after the expected fall chaps and chapesses?
ExecLine
- 29 May 2017 23:49
- 456 of 466
Let's watch 'the expected fall' first, eh?
This latest IT fiasco could cost them £50m-£100m so it will be interesting to see what the market makes of things.
On Skinny's chart above there are various support levels right down to 360.
This latest IT fiasco could cost them £50m-£100m so it will be interesting to see what the market makes of things.
On Skinny's chart above there are various support levels right down to 360.
Chris Carson
- 30 May 2017 05:51
- 457 of 466
Last resistance and to fill that gap would be my guess initially.
Stan
- 30 May 2017 07:31
- 458 of 466
A reported 2.7% drop on yesterday's Spanish market may be some indicator as today's price, but as more emerges from this public relations disaster who knows.
Also Willie (where is he) Walsh has not been seen nor heard yet... always one to be heard when the good news needs airing but seemingly not the very bad news.
Also Willie (where is he) Walsh has not been seen nor heard yet... always one to be heard when the good news needs airing but seemingly not the very bad news.
Stan
- 03 Aug 2017 07:16
- 459 of 466
More problems with check-ins yesterday http://www.londonstockexchange.com/exchange/news/alliance-news/detail/1501675776753046800.html
HARRYCAT
- 23 Feb 2018 11:48
- 460 of 466
StockMarketWire.com
International Consolidated Airlines Group reported operating profits of €3,015m for the year to the end of December, up 18.9% from a year ago, benefitting from reduced fuel costs for most of the year.
The group also announced its intention to carry out a €500m share buyback programme in 2018.
Fourth quarter operating profit was €585m before exceptional items, down from €620m.
Operating profits were weighed by a charge of €288m during the year related to restructuring costs. More than half of cost, €180m, was related to a collective redundancy programme, as part of Iberia's transformation plan Plan de Futuro II.
Revenue for the year rose by 1.8% to €22,972m and passenger unit revenue was up 1.5% at constant currency.
Fuel unit costs for the year before exceptional items was down 7.8%, down 9.1% at constant currency.
Non-fuel unit costs for the year before exceptional items was down 1.3% and up 2.7% at constant currency.
Profit after tax rose 12.7% to €2,243m and diluted earnings per share rose by 14%.
The full year dividend was up 14.9% 27 cents.
Overall capacity increased 6.3% and the fastest growing regions were the Middle East, Europe and Asia, with passenger load factors down on the Middle East.
Overall passenger load factor improved 0.9 points to 81.4%, having improved for more than five consecutive years. Europe saw the highest load factor, up 1.5 points, followed by North America, although the latter's load factor was broadly flat against last year.
At current fuel prices and exchange rates, IAG expects its operating profit for 2018 to show an increase year-on-year. Both passenger unit revenue and non-fuel unit costs are expected to improve at constant currency.
Chief executive Willie Walsh said: 'All our airlines performed extremely well with their best-ever individual financial results, strong operational performances and commitment to customer service. The turnaround in Vueling, following the challenges of 2016, has been particularly outstanding.'
'In quarter 4 we reported an operating profit of €585 million, down from €620 million last year. Our strong performance continued with passenger unit revenue up 2.4 per cent at constant currency. The operating profit was impacted significantly by changes in the employee bonus provision in the quarter compared to the previous year.'
'We're pleased to confirm that the Board is proposing a final dividend of 14.5 euro cents per share. This brings the full year dividend to 27.0 euro cents per share, subject to shareholder approval at our AGM in June. With the dividend and share buyback, we returned more than €1 billion to our shareholders last year.'
'Our confidence in IAG's future remains undaunted and today we're announcing our intention to undertake a share buyback of €500 million during 2018.'
International Consolidated Airlines Group reported operating profits of €3,015m for the year to the end of December, up 18.9% from a year ago, benefitting from reduced fuel costs for most of the year.
The group also announced its intention to carry out a €500m share buyback programme in 2018.
Fourth quarter operating profit was €585m before exceptional items, down from €620m.
Operating profits were weighed by a charge of €288m during the year related to restructuring costs. More than half of cost, €180m, was related to a collective redundancy programme, as part of Iberia's transformation plan Plan de Futuro II.
Revenue for the year rose by 1.8% to €22,972m and passenger unit revenue was up 1.5% at constant currency.
Fuel unit costs for the year before exceptional items was down 7.8%, down 9.1% at constant currency.
Non-fuel unit costs for the year before exceptional items was down 1.3% and up 2.7% at constant currency.
Profit after tax rose 12.7% to €2,243m and diluted earnings per share rose by 14%.
The full year dividend was up 14.9% 27 cents.
Overall capacity increased 6.3% and the fastest growing regions were the Middle East, Europe and Asia, with passenger load factors down on the Middle East.
Overall passenger load factor improved 0.9 points to 81.4%, having improved for more than five consecutive years. Europe saw the highest load factor, up 1.5 points, followed by North America, although the latter's load factor was broadly flat against last year.
At current fuel prices and exchange rates, IAG expects its operating profit for 2018 to show an increase year-on-year. Both passenger unit revenue and non-fuel unit costs are expected to improve at constant currency.
Chief executive Willie Walsh said: 'All our airlines performed extremely well with their best-ever individual financial results, strong operational performances and commitment to customer service. The turnaround in Vueling, following the challenges of 2016, has been particularly outstanding.'
'In quarter 4 we reported an operating profit of €585 million, down from €620 million last year. Our strong performance continued with passenger unit revenue up 2.4 per cent at constant currency. The operating profit was impacted significantly by changes in the employee bonus provision in the quarter compared to the previous year.'
'We're pleased to confirm that the Board is proposing a final dividend of 14.5 euro cents per share. This brings the full year dividend to 27.0 euro cents per share, subject to shareholder approval at our AGM in June. With the dividend and share buyback, we returned more than €1 billion to our shareholders last year.'
'Our confidence in IAG's future remains undaunted and today we're announcing our intention to undertake a share buyback of €500 million during 2018.'
skinny
- 03 Aug 2018 09:11
- 461 of 466
Half-year Report
SIX MONTHS RESULTS ANNOUNCEMENT
International Consolidated Airlines Group (IAG) today (August 3, 2018) presented Group consolidated results for the six months to June 30, 2018.
IAG period highlights on results:
· Second quarter operating profit €835 million before exceptional items (2017 restated(1): €790 million)
· Net foreign exchange operating profit impact for the quarter adverse €66 million
· Passenger unit revenue for the quarter down 1.9 per cent, up 2.3 per cent at constant currency
· Non-fuel unit costs before exceptional items for the quarter down 4.5 per cent, down 2.0 per cent at constant currency
· Fuel unit costs for the quarter up 6.7 per cent, up 15.0 per cent at constant currency
· Operating profit before exceptional items for the half year €1,115 million (2017 restated(1): €950 million), up 17.4 per cent
· Cash of €8,146 million at June 30, 2018 was up €202 million on June 30, 2017 and adjusted net debt to EBITDAR improved by 0.3 to 1.2 times
more.....
SIX MONTHS RESULTS ANNOUNCEMENT
International Consolidated Airlines Group (IAG) today (August 3, 2018) presented Group consolidated results for the six months to June 30, 2018.
IAG period highlights on results:
· Second quarter operating profit €835 million before exceptional items (2017 restated(1): €790 million)
· Net foreign exchange operating profit impact for the quarter adverse €66 million
· Passenger unit revenue for the quarter down 1.9 per cent, up 2.3 per cent at constant currency
· Non-fuel unit costs before exceptional items for the quarter down 4.5 per cent, down 2.0 per cent at constant currency
· Fuel unit costs for the quarter up 6.7 per cent, up 15.0 per cent at constant currency
· Operating profit before exceptional items for the half year €1,115 million (2017 restated(1): €950 million), up 17.4 per cent
· Cash of €8,146 million at June 30, 2018 was up €202 million on June 30, 2017 and adjusted net debt to EBITDAR improved by 0.3 to 1.2 times
more.....
skinny
- 03 Aug 2018 09:12
- 462 of 466
JULY 2018 - GROUP TRAFFIC AND CAPACITY STATISTICS
Group traffic in July, measured in Revenue Passenger Kilometres, increased by 7.5 per cent versus July 2017; Group capacity measured in Available Seat Kilometres rose by 5.7 per cent.
3 August 2018
STRATEGIC DEVELOPMENTS
On 17 July, LEVEL launched its shorthaul operations from Vienna where it will have four A321 aircraft that will operate to 14 European destinations. Earlier in the month, LEVEL started flights from Paris Orly to Montreal and Guadaloupe. Two new A330-200s will be added to its fleet, bringing a total of seven A330-200 aircraft in Paris and Barcelona next year.
Group traffic in July, measured in Revenue Passenger Kilometres, increased by 7.5 per cent versus July 2017; Group capacity measured in Available Seat Kilometres rose by 5.7 per cent.
3 August 2018
STRATEGIC DEVELOPMENTS
On 17 July, LEVEL launched its shorthaul operations from Vienna where it will have four A321 aircraft that will operate to 14 European destinations. Earlier in the month, LEVEL started flights from Paris Orly to Montreal and Guadaloupe. Two new A330-200s will be added to its fleet, bringing a total of seven A330-200 aircraft in Paris and Barcelona next year.
Stan
- 25 Oct 2018 17:30
- 463 of 466
More on cyber attack https://www.moneyam.com/action/news/showArticle?id=6182107
skinny
- 26 Oct 2018 11:20
- 464 of 466
3rd Quarter Results
International Consolidated Airlines Group (IAG) today (October 26, 2018) presented Group consolidated results for the nine months to September 30, 2018.
IAG period highlights on results:
· Third quarter operating profit €1,460 million before exceptional items (2017 restated(1): €1,450 million)
· Net foreign exchange operating profit impact for the quarter adverse €111 million
· Passenger unit revenue for the quarter up 1.3 per cent, up 2.4 per cent at constant currency
· Non-fuel unit costs before exceptional items for the quarter up 0.5 per cent, down 0.7 per cent at constant currency
· Fuel unit costs for the quarter up 14.3 per cent, up 15.0 per cent at constant currency
· Operating profit before exceptional items for the nine months period €2,575 million (2017 restated(1): €2,400 million), up 7.3 per cent
· Completion of second €500m share buyback programme on October 24
· Interim dividend of 14.5 euro cents per share
more.....
International Consolidated Airlines Group (IAG) today (October 26, 2018) presented Group consolidated results for the nine months to September 30, 2018.
IAG period highlights on results:
· Third quarter operating profit €1,460 million before exceptional items (2017 restated(1): €1,450 million)
· Net foreign exchange operating profit impact for the quarter adverse €111 million
· Passenger unit revenue for the quarter up 1.3 per cent, up 2.4 per cent at constant currency
· Non-fuel unit costs before exceptional items for the quarter up 0.5 per cent, down 0.7 per cent at constant currency
· Fuel unit costs for the quarter up 14.3 per cent, up 15.0 per cent at constant currency
· Operating profit before exceptional items for the nine months period €2,575 million (2017 restated(1): €2,400 million), up 7.3 per cent
· Completion of second €500m share buyback programme on October 24
· Interim dividend of 14.5 euro cents per share
more.....
skinny
- 26 Oct 2018 11:20
- 465 of 466
Liberum Capital Buy 605.80 875.00 Reiterates
Stan
- 02 Nov 2018 08:59
- 466 of 466
Future long-term earnings outlook https://www.moneyam.com/action/news/showArticle?id=6192216
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