IAG

Spain confronts Brexit: The moment of truth for Spanish companies in the UK

IAG: British Travellers To Spain Increase By 400%

According to Renta 4 analysts, bookings by British citizens to fly to Spain have increased by 400%. This is since the UK government announced the removal of the quarantine requirement on return to the country for those travelling to amber zones, including Spain, as of yesterday. AENA had 489 operations scheduled for yesterday between Spain and the UK, three times more than a week ago. Meanwhile, the newspaper Expansión reports…


IAG

IAG, One Of The Big Winners Of The Crisis Thanks To Its Financial Strength And Management

Renta 4 | This year we will see a deterioration in the airline business never before seen in the sector. We expect IAG to cut air traffic capacity by 48% compared to 2019, and by quarters (-10.5% annually already confirmed in Q1/-90% estimated in Q2/ and between -55%/-30% estimated in Q3). Nevertheless IAG is one of the companies with the highest liquidity (€10 Bn), the best operating margins and the lowest debt. The acquisition of Air Europa, with a possible improvement of the conditions, is an additional advantage.







IAG results exceed expectations

After recent poor perfomance, IAG maintains its guidance for 2019

Banc Sabadell | IAG results in Q119 in line with expectations in EBIT and better in financing post tax profits: Sales: 5.318 Bn€ (+5.9%); EBIT: 135 M€ (-51.8%); post tax profits: 70 M€ (-66%). Sales evolved slightly below expectations (-0.7% vs BS expected) affected by unitary passenger income after currency change which fell -1.4% (vs -1% BS expected). Thus was compensated by unitary non-fuel costs which fell -0.6% at constant exchange rates (vs 0% BS expected). This poor income performance contributes a certain negative trend.

 


Iberia grows more than IAG´s other airlines, while Brexit is debated

IAG meets Q119 supply growth target with +6.1%

Renta4 | IAG has published the March air traffic data, which show a beginning to the year similar to the company’s capacity (supply) target for Q119, with demand growing slightly more than supply, and in line with the target for the year of 5.9%.