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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.

Qatar Airways says raises IAG stake to under 12 pct from 9.99 pct

And the sp tanks
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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

need to look closer, but may be worth a punt just as was WPP yesterday

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

I'm wary of airlines or in fact most stocks before the vote .

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

GKP i agree but missed out on that NXT has been the only short i have had .

should have done well shorting NXT

Got in a bit late but yes i got it right .

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

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

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?

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.".

Credit Suisse Outperform 495.00 721.00 721.00 Reiterates

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.

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 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.

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.

Bloomberg - Qatar Airways seeking to increase it's holding in IAG to 20%, seeing the current weakness in the sp as a buying opportunity.

Societe Generale Buy 380.20 500.00 500.00 Reiterates