iag
British Airways owner IAG (LON:IAG) has seen strong passenger revenue and third quarter trading has been better than expectedNow expects operating profit for the third quarter to be in the region of €1.2bnIAG shares rose 9% on the newsIAG – Welcome Relief For Bruised Long-HaulerSophie Lund-Yates, Equity Analyst at Hargreaves Lansdown: “Despite the rampant cost-of-living pressures facing consumers, the British Airways ticket desk has been keeping very busy it seems. IAG has been one of the hardest hit carriers since the pandemic, with long-haul and business trips taking a lot longer to take off...
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In the first half, IAG SA (LON:IAG) flew 72.0% of 2019 capacity as travel restrictions continued to ease. As a result, revenue rose from €2.2bn to €9.4bn. There was an underlying operating loss of €467m, though the group did turn a profit in the second quarter for the first time since the start of the pandemic. The group’s expecting to turn a profit for the full year. Though, due to challenges at Heathrow, full year capacity targets have been dropped 2 percentage points to 78%. Q2 2022 hedge fund letters, conferences and more The shares rose 2.1% following the announcement. IAG’s EarningsMatt ...
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IAG (LON:IAG) flew 65.1% of pre-pandemic capacity, compared to 19.6% in 2021. Higher capacity increased costs, and IAG reported an underlying operating loss of €754m in the first quarter. That’s an improvement on last year’s -€1.1bn. Demand is “recovering strongly”, and in -line with expectations. As such, the group expects to be profitable from next quarter. The shares fell 5.8% following the announcement. Q1 2022 hedge fund letters, conferences and more IAG's EarningsSophie Lund-Yates, Lead Equity Analyst at Hargreaves Lansdown: “There is no getting away from the damage inflicted on IAG. Los...
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Easing coronavirus restrictions helped passenger capacity at International Consolidated Airlns Grp SA (LON:IAG) rise to 58% of 2019 levels in the fourth quarter, pushing underlying cash profits (EBITDA) positive. The group’s full year capacity was 36.1% of 2019 levels, reflecting the impact of travel restrictions. This was an improvement over 2020 levels, and together with strong growth in cargo, fed into an 8.3% increase in revenue to €8.5bn. Q4 2021 hedge fund letters, conferences and more The profit increase together with a 26.5% decline in expenses like staff costs and fuel meant operating...
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“The lifting of travel restrictions for double jabbed visitors to the US provided the thrust needed to send the recovery in airline stocks full throttle. After months riding the stomach wrenching turbulence of rolling restrictions with red lights flashing on transatlantic travel, the industry is now set on a smoother ride to recovery ahead. Q2 2021 hedge fund letters, conferences and more Airline Stocks Are RisingBritish Airways owner International Consolidated Airlns Grp SA (LON:IAG) was one of the biggest risers on the FTSE 100, climbing 11% as the prospects look brighter for a surge in book...
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“It looks like the travel sector will be blessed with some semblance of a travel season, with some of the UK’s most popular destinations given the green light. Q1 2021 hedge fund letters, conferences and more UK's Travel Sector Gets A Green LightThe Balearic Islands, which include hot spots like Ibiza and Mallorca, have been shifted to the green list alongside Portugal’s Madeira, Malta and a handful of UK overseas territories. Shares in Ryanair, easyJet, Wizz Air and Tui all moved higher off the back of the announcement. It’s a key development the majority of the airlines at this point. Long h...
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