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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.

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

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.

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.

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.

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

Cantor Fitzgerald Hold 419.90 520.00 520.00 Reiterates

Liberum Capital Hold 419.90 375.00 375.00 Retains

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.

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

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.”

BA NAPS Pension Scheme Triennial Valuation

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.

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).

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.

It gives a high degree of certainty - or lack of uncertainty.

I don't currently hold having sold @£4 a couple of weeks ago.

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!