Renta 4 │ IAG results for Q219 exceeded expectations. It has maintained its guidance for 2019 and downgraded its expectations for oil prices. Positive impact on share price.
The British/Spanish company carried 112.9 million passengers last year, an increase of +7.7% over 2017, and with a load factor of 88.3%, an increase of +0.7%. Iberia achieved a year on year increase in traffic of 11.7%. As well as Iberia (including Iberia express), two other airlines of the group, Aer Lingus and Vueling, contributed to this growth with a 9.8% increase in traffic, while British Airway’s traffic increased 3.3%.
Starting tomorrow, Iberia and Vueling, both owned by IAG, will coordinate their schedules to allow passengers the option to choose among 26 daily frequencies in each direction (16 Iberia and 10 Vueling) against 18 daily connections of the railway operator Renfe, all taking a less-than-3-hour-travel time.
LONDON/MADRID | Group premium traffic for the month of July increased by 0.4 per cent compared to the previous year, on falling capacity.
MADRID | By Carlos Díaz Güell | Some say the first step to solve a problem is to know what is it about. Although when it comes to Iberia, that has been having problems for more than two decades, it is not that simple. The once flagship Spanish airline had been denying its difficulties and its fundamentals rotted. Something that will be remembered in the history of aviation.
MADRID | By Carlos Díaz Güell | The future is not easy for traditional commercial aviation in Europe and the trend is one of heavy losses and a drop in global market share. In 2012 the Association of European Airlines estimates air carriers will lose up to €2 billion.
LONDON | Global asset manager Threadneedle pointed at liquidity operations carried out by most G20 governments as the primordial reason behind the recent rally that the equity sector has experienced. “We see the LTROs, the recent £50bn extension to quantitative easing by the Bank of England and the ¥10trn increase in the Bank of Japan’s asset purchase scheme as activities that boost liquidity and are likely to increase demand for…