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.

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.

30 Jan 2015 International... IAG Nomura Buy 564.00 564.00 550.00 650.00 Retains

SP TARGET 650p

See post 282.

Liberum Capital Buy 559.75 600.00 600.00 Retains

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.

Credit Suisse Outperform 529.75 678.00 678.00 Reiterates

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.

Possible Offer Update

Full Year results this Friday 27th.

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).

Ryanair asks UK competition authority to reconsider Aer Lingus decision

Jefferies International Buy 556.00 556.00 570.00 700.00 Reiterates

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.

Qatar Airways wants to increase stake in IAG

Liberum Capital Top pick 593.50 593.50 600.00 700.00 Retains

A new high @ £6.15p

Wednesday, April 8, March Traffic and Capacity Statistics and

Thursday, April 30, Q1 Results.

Maybe some clarity on the dividend?

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.

April 30th Q1 Results.

Aer Lingus shares up 5% on reports of possible sale deal