IAG rebounds supported by Ryanair’s forecast improvement

IAG limits its capital in the hands of non-EU shareholders to 47%

Renta 4 | IAG picked up + 4.6% after Ryanair improved its 2019e net profit forecasts from 800/950 million euros to 950 / 1.050bn supported by a great Christmas season.

Reservations for the January / April period are + 1% higher than those of a year ago. This means positive news for the sector and mainly for European companies. Target price under review (before 8.3 euros). We recomment to maintain the stock.

 

About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.