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

Emira Sagaama ...
  • Jean Sassus
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Olfa Taamallah
  • Oussema Denguir
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/11/2019

...

Olfa Taamallah ...
  • Yan Derocles

IAG : A more cautious but reassuring message

>Medium-term targets adjusted to more effectively meet demand - At its Capital Market Day held on Friday, 8 November, in London, IAG adjusted its medium-term targets for the 2020-2022 period to more effectively meet current demand and macroeconomic risks. The company is now forecasting i/ capacity growth of 3.4% per annum (vs +6% previously over 2019-2023) incl. +3.2% over 2020 (not adjusted for strikes at BA and the leap year in 2020); ii/ an operating margin of 12-1...

Emira Sagaama ...
  • Jean Sassus
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Olfa Taamallah
  • Oussema Denguir
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 11/11/2019

...

Olfa Taamallah ...
  • Yan Derocles

IAG : Un discours plus prudent mais rassurant

>Objectifs moyen-terme ajustés pour mieux répondre à la demande - Lors de son Capital Market Day tenu vendredi dernier à Londres, IAG a ajusté ses objectifs moyen-terme sur la période 2020/2022 pour mieux répondre à la demande actuelle et prendre en compte les risques macroéconomiques. Le groupe table désormais sur i/ une croissance des capacités de 3.4% par an (vs +6% précédemment sur 2019-23) dont +3.2% sur 2020 (non ajusté des grèves chez BA et de l’année bissextil...

Research Department

IBERIAN DAILY 11 NOVEMBER (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: ACERINOX, ALMIRALL, IAG. MARKETS YESTERDAY AND TODAY Awaiting the trade agreement between China and the US again The new doubts on the trade agreement between China and the US following D. Trump’s statement outlining that reverting tariffs to China has not been agreed “yet” led indices to partially erase the gains from the past sessions. In the Euro STOXX, Utilities and Food were the best-performing sectors vs. Banks and Retail that ended with the worst performance. On the macroeconomic level, in Germany September’s trade deficit and exports came in better than expected. In Spa...

Moody's: IAG's acquisition of Air Europa is strategically sound, but likely to increase Moody's-adjusted leverage

Announcement: Moody's: IAG's acquisition of Air Europa is strategically sound, but likely to increase Moody's-adjusted leverage. Global Credit Research- 07 Nov 2019. London, 07 November 2019-- Moody's Investors Service notes that on 4th November 2019 International Consolidated Airlines Group, S.A. announced that it has agreed to acquire the entire issued share capital of Air Europa through its wholly owned subsidiary, IB OPCO Holding S.L..

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 more cautious but reassuring message

>Medium-term targets adjusted to more effectively meet demand - At its Capital Market Day held on Friday, 8 November, in London, IAG adjusted its medium-term targets for the 2020-2022 period to more effectively meet current demand and macroeconomic risks. The company is now forecasting i/ capacity growth of 3.4% per annum (vs +6% previously over 2019-2023) incl. +3.2% over 2020 (not adjusted for strikes at BA and the leap year in 2020); ii/ an operating margin of 12-1...

Olfa Taamallah ...
  • Yan Derocles

IAG : Un discours plus prudent mais rassurant

>Objectifs moyen-terme ajustés pour mieux répondre à la demande - Lors de son Capital Market Day tenu vendredi dernier à Londres, IAG a ajusté ses objectifs moyen-terme sur la période 2020/2022 pour mieux répondre à la demande actuelle et prendre en compte les risques macroéconomiques. Le groupe table désormais sur i/ une croissance des capacités de 3.4% par an (vs +6% précédemment sur 2019-23) dont +3.2% sur 2020 (non ajusté des grèves chez BA et de l’année bissextil...

Research Department

IBERIAN DAILY 11 NOVEMBER (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: ACERINOX, ALMIRALL, IAG. MARKETS YESTERDAY AND TODAY Awaiting the trade agreement between China and the US again The new doubts on the trade agreement between China and the US following D. Trump’s statement outlining that reverting tariffs to China has not been agreed “yet” led indices to partially erase the gains from the past sessions. In the Euro STOXX, Utilities and Food were the best-performing sectors vs. Banks and Retail that ended with the worst performance. On the macroeconomic level, in Germany September’s trade deficit and exports came in better than expected. In Spa...

Research Department

INFORME DIARIO 11 NOVIEMBRE (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA. ACERINOX, ALMIRALL, IAG. EUROPA: AB INBEV, AXA, DAIMLER. Pendientes otra vez del acuerdo comercial China-EE.UU. Las nuevas dudas sobre el cierre del acuerdo comercial entre China y EE.UU. tras las declaraciones de D. Trump de que no ha acordado “todavía” revertir los aranceles a China llevaron a los índices a corregir parcialmente las subidas de las últimas sesiones. En el Euro STOXX los mejores sectores fueron Utilities y Alimentación frente a Bancos y Retail que terminaron con el peor comportamiento. Por el lado macro, en Alemania el superávit ...

Francisco Rodriguez

IAG: CMD - FOCUSED ON CASH (ANÁLISIS BANCO SABADELL)

IAG. CMD focused on cash generation. BUY. In our view, the cut made to some operating targets (growth in ASKs of +3.4% YoY in 2020/23 vs. +6% previously; annual growth in EPS of +10% vs. +12% previously) is in line with market expectations and our estimates. Moreover, the company maintains a message that we believe is appropriate, as it focuses on cash generation. Specifically, the company’s estimated cash outflows 2020/23 are now lower (€-500 M due to lower Capex; as a result of lower capacity levels) and below our estimates in terms of contribution to the pension plan (€~500 M annually vs. €...

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...

Emira Sagaama ...
  • Jean Sassus
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Olfa Taamallah
  • Oussema Denguir
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/11/2019

...

Emira Sagaama ...
  • Jean Sassus
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Olfa Taamallah
  • Oussema Denguir
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 11/11/2019

...

Ahmed Ben Salem ...
  • Alain William
  • Alfred Glaser
  • Baptiste Lebacq
  • Benoit Valleaux
  • Delphine Brault
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Martial Descoutures
  • Olfa Taamallah
  • Oussema Denguir
  • Steven Gould
  • Yan Derocles
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/01/2019

...

Ahmed Ben Salem ...
  • Alain William
  • Alfred Glaser
  • Baptiste Lebacq
  • Benoit Valleaux
  • Delphine Brault
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Martial Descoutures
  • Olfa Taamallah
  • Oussema Denguir
  • Steven Gould
  • Yan Derocles
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 01/11/2019

...

Fehmi Ben Naamane ...
  • Harald Eggeling
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Martial Descoutures
  • Olfa Taamallah
  • Oussema Denguir
  • Steven Gould
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/27/2019

...

International Consolidated Airlines Group

International Consolidated Airlines Group

International Consolidated Airlines Group

Increased risk weighs on INTL.CONS.AIRL.GROUP SA, penalising its rating down to Slightly Negative

The independent financial analyst theScreener just lowered the general evaluation of INTL.CONS.AIRL.GROUP SA (GB), active in the Airlines industry. As regards its fundamental valuation, the title still shows 2 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date July 30, 2019, the closing price was GBp 414.80 and its target price was estimated at GBp 394.06.

International Consolidated Airlines Group

MarketLine Department

SAS AB - Strategy, SWOT and Corporate Finance Report

SAS AB - Strategy, SWOT and Corporate Finance Report Summary SAS AB - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights SAS AB (SAS) offers air transport services for passengers and cargo. It provides airline services through its own traffic license aircraft and wet-lease partners. SAS focuses on frequent travelers through its loyalty program by offering an extensi...

MarketLine Department

Air France-KLM SA - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Air France-KLM SA Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Air France-KLM SA since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key...

MarketLine Department

Deutsche Lufthansa AG - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Deutsche Lufthansa AG - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments Marketline's Deutsche Lufthansa AG Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Deutsche Lufthansa AG since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and in...

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.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch