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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.

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

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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.

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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

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