International Consolidated Airlines Group S.A.

International Airlines Group is an international scheduled airline and global premium airlines. Co.'s principal place of business is London with significant presence at Heathrow, Gatwick and London City airports.
  • TickerIAG
  • ISINES0177542018
  • ExchangeMadrid Stock Exchange
  • SectorTravel & Leisure
  • CountrySpain

Analysts

International Airlines Group, 19 June 2019

Cyber Attack On 6 September 2018, the Company announced that customer data had been stolen from the website of its subsidiary British Airways. Customers booking through the website from 22:58 BST 21 August 2018 to 21:45 BST 5 September 2018 had their personal and financial details compromised, though the Company provided that travel and passport details were not stolen. The announcement provided that the breach had been resolved, and police and the relevant authorities had been notified. On 25 October 2018, the Company provided an update on the cyber attack, stating that the Company had been ...

1 director sold

A director at International Consolidated Airlines Group SA sold 700,000 shares at 504p and the significance rating of the trade was 72/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing r...

Anis Zgaya ...
  • Christophe-Raphaël Ganet
  • Fehmi Ben Naamane
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Khaled Ben Amor
  • Laurence Hofmann
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Philippe Ourpatian
  • Rémi Adam
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/15/2019

...

Anis Zgaya ...
  • Christophe-Raphaël Ganet
  • Fehmi Ben Naamane
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Khaled Ben Amor
  • Laurence Hofmann
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Philippe Ourpatian
  • Rémi Adam
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 15/05/2019

...

Olfa Taamallah ...
  • Yan Derocles

IAG : A solid model and a henceforth attractive valuation. Neutral vs Reduce

>Dilution of unit revenues limited to Q1 in the end… - The dilution of unit revenues was ultimately lower than that of peers in Q1 at -1.4% (vs -1.9% at Air France-KLM and -5.2% at Lufthansa) and is attributable to the later Easter holidays in 2019. Whilst Europe and Latin America posted the worst performances, the domestic market and North America showed good resilience: i/ in Europe, RASK reflected a decline of 5.7% (ASK up +3.6%) mainly weighed down by Germany a...

Marc Pierron

IAG- Rating report

IAG is the holding company of four operating airlines: British Airways, Iberia (acquired in January 2011), Vueling (acquired in April 2013), and Aer Lingus (acquired in August 2015) of which the first two are members of the Oneworld alliance.The group operates out of two large hubs, London Heathrow and Madrid Barajas, and is the third-largest European Airline behind Lufthansa and Air France KLM, ranking #6 worldwide in terms of revenue.

IAG - 3Q16 RESULTS

​In 3Q16, IAG, the holding company of British Airways (BA), Vueling, Aer Lingus (AL) and Iberia, was impacted by a difficult environment for airlines as well as the decrease of the GBP. IAG reported total revenue decline of c. 1% on a comparable basis (constant FX and excluding AL acquired 18 August 2015) driven by a 6.5% decline in passenger unit revenue but partially offset by a 4.4% capacity increase. BA and Iberia experienced yield pressures that we expect to continue next quarter...

Olfa Taamallah ...
  • Yan Derocles

IAG : A solid model and a henceforth attractive valuation. Neutral vs Reduce

>Dilution of unit revenues limited to Q1 in the end… - The dilution of unit revenues was ultimately lower than that of peers in Q1 at -1.4% (vs -1.9% at Air France-KLM and -5.2% at Lufthansa) and is attributable to the later Easter holidays in 2019. Whilst Europe and Latin America posted the worst performances, the domestic market and North America showed good resilience: i/ in Europe, RASK reflected a decline of 5.7% (ASK up +3.6%) mainly weighed down by Germany a...

Olfa Taamallah ...
  • Yan Derocles

IAG : Un modèle solide et une valorisation désormais attractive. Neutre vs Alléger

>Dilution de la recette unitaire finalement limitée sur le T1… - La dilution de la recette unitaire est finalement ressortie inférieure à celle des pairs au T1 à -1.4% (-1.9% chez AFKLM et -5.2% chez LUF) et s’explique par le décalage du WE de Pâques. Si l’Europe et l’Amérique latine ont enregistré les plus mauvaises performances, le domestique et l’Amérique du Nord se tiennent bien : i/ en Europe, le RASK a reculé de 5.7% (ASK +3.6%) plombé par l’Allemagne et l’Espa...

Olfa Taamallah ...
  • Yan Derocles

IAG : Good set of Q1 results and guidance confirmed

>Q1 results in line with consensus estimates - IAG has just released its Q1 2019 results, which are in line with consensus figures, with operating profit before exceptional items of € 135m (Oddo BHF: € 120m, cons: € 136m), down 60.3% y-o-y. The operating margin came in at 2.5%, down 423bp y-o-y.The decline at the operating level was mainly due to: i/ a decrease in unit revenues at constant forex of -1.4% (vs. -1.3%e); ii/ a decrease in unit costs excluding fuel a...

Olfa Taamallah ...
  • Yan Derocles

IAG : Good set of Q1 results and guidance confirmed

>Q1 results in line with consensus estimates - IAG has just released its Q1 2019 results, which are in line with consensus figures, with operating profit before exceptional items of € 135m (Oddo BHF: € 120m, cons: € 136m), down 60.3% y-o-y. The operating margin came in at 2.5%, down 423bp y-o-y.The decline at the operating level was mainly due to: i/ a decrease in unit revenues at constant forex of -1.4% (vs. -1.3%e); ii/ a decrease in unit costs excluding fuel a...

Olfa Taamallah ...
  • Yan Derocles

IAG : Caution's the watchword until the Brexit terms are clarified

>A solid 2018 and an exceptional dividend of € 700m - IAG yesterday posted a better than expected FY 2018 with operating profit before exceptionals of € 3.23bn (+9.5% y-o-y) versus a consensus of € 3.155bn, i.e. a margin of 13.2%, up 30bp, including: i/ an improvement in unit revenues ex forex of 2.4% with +1.5% for Q4, ii/ a decline in unit costs ex fuel, forex and exceptional items of 0.8% (vs -1%e), and iii/ an increase in unit fuel costs of 8% (vs 9%e). More...

1 director sold

A director at International Consolidated Airlines Group SA sold 700,000 shares at 504p and the significance rating of the trade was 72/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing r...

Anis Zgaya ...
  • Christophe-Raphaël Ganet
  • Fehmi Ben Naamane
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Khaled Ben Amor
  • Laurence Hofmann
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Philippe Ourpatian
  • Rémi Adam
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/15/2019

...

Anis Zgaya ...
  • Christophe-Raphaël Ganet
  • Fehmi Ben Naamane
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Khaled Ben Amor
  • Laurence Hofmann
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Philippe Ourpatian
  • Rémi Adam
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 15/05/2019

...

Alain William ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Benoit Valleaux
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Laurence Hofmann
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/10/2019

...

Alain William ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Benoit Valleaux
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Laurence Hofmann
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 10/05/2019

...

Ahmed Ben Salem ...
  • Alain William
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Christophe Chaput
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • Jerôme Bodin
  • Laurence Hofmann
  • Louis Boujard
  • Matthias Desmarais
  • Olfa Taamallah
  • Olivier Lebrun
  • Philippe Ourpatian
  • Pierre Tegner
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/01/2019

Unlike CEO pay, the average remuneration paid to the chairs of the boards of directors of the large cap companies covered by ODDO BHF increased by 4.9% between 2013 and 2017. The disparities between companies stem mainly from national contexts and widely differing perceptions of the role of the board chair depending on the countries, though for certain stocks the ownership structure and sector situation may have an influence. Cf. Report published last evening. - ...

International Consolidated Airlines Group

International Consolidated Airlines Group

INTL.CONS.AIRL.GROUP SA sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of INTL.CONS.AIRL.GROUP SA (GB), a company active in the Airlines industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date April 26, 2019, the closing price was GBp 535.40 and its potential was estimated at GBp 631.74.

International Consolidated Airlines Group

International Consolidated Airlines Group

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International Airlines Group, 19 June 2019

Cyber Attack On 6 September 2018, the Company announced that customer data had been stolen from the website of its subsidiary British Airways. Customers booking through the website from 22:58 BST 21 August 2018 to 21:45 BST 5 September 2018 had their personal and financial details compromised, though the Company provided that travel and passport details were not stolen. The announcement provided that the breach had been resolved, and police and the relevant authorities had been notified. On 25 October 2018, the Company provided an update on the cyber attack, stating that the Company had been ...

International Airlines – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Jérôme VINERIER

Analyse court terme - INTERNATIONAL CONSOLIDATED AIRLINES GROUP (ex. BRITISH AIRWAYS PLC) : La reprise est une consolid...

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 643,50 p prochainement. Le prochain objectif est à 572,60 p, puis 544,03 p. Le franchissement de 643,50 p remettrait en cause la suite de la baisse.

Jérôme VINERIER

Short term view - INTERNATIONAL CONSOLIDATED AIRLINES GROUP (ex. BRITISH AIRWAYS PLC) : Rising consolidation.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at 643.50 p. The next target is at 572.60 p, then 544.03 p. Passing 643.50 p would question the continuation of the fall.

Jérôme VINERIER

Analyse court terme - INTERNATIONAL CONSOLIDATED AIRLINES GROUP (ex. BRITISH AIRWAYS PLC) : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 544,03 p. La tendance de fond serait remise en cause en cas de franchissement de 643,50 p.

Jérôme VINERIER

Short term view - INTERNATIONAL CONSOLIDATED AIRLINES GROUP (ex. BRITISH AIRWAYS PLC) : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at 544.03 p. The background trend would be questioned should prices rise above 643.50 p.

Jérôme VINERIER

Medium term view - INTERNATIONAL CONSOLIDATED AIRLINES GROUP (ex. BRITISH AIRWAYS PLC) : Falling prices.

The trend is uncertain. Prices are falling and they may accelerate to the downside. A new bearish trend is attempting to emerge.

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