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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.

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

Societe Generale Buy 572.25 572.50 - 750.00 Initiates/Starts

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....

According to their website, traffic stats are due today - nothing as yet!

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.

Anybody know what has rattled its cage this morning?

Is it due to threatened rail strikes and link ups?

Strikes call off or suspended.

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 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

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.