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
Francisco Rodriguez

IAG: MENSAJES DE LA CONFERENCE CALL RDOS. 2T’20 (ANÁLISIS BANCO SABADELL)

De los comentarios de la conference call de Rdos. destacamos:  Evolución del negocio y perspectivas: Sólo operan aquellos vuelos que son generadores de caja positivo. En este sentido confirman que esperan alcanzar break-even de cash flow neto de operaciones en 4T’20, basado en una recuperación paulatina de la demanda y compatible con su expectativa de tener una capacidad en 4T’20 un -46% vs 4T’19. La recuperación está siendo más evidente en el doméstico (~10% capacidad) y en el cliente retail, aunque ya empiezan a notar repunte en medio radio (~20% capacidad; truncada por la cuarentena), qu...

Olfa Taamallah ...
  • Yan Derocles

IAG : Capital increase of € 2.75bn launched as expected

>EBIT pre-exceptional in line with estimates- Liquidity boosted to € 8.1bn - IAG has just released its Q2 2020 results in line with the consensus estimates, with an operating loss before exceptionals of € 1,365m (cons: € 1,395m), vs € 960m operating income in Q2 2019. Total operating losses including exceptional items relating to the early retirement of British Airways' Boeing 747s and Iberia's Airbus A340s came to € 2,177m. As a result of government travel restr...

Olfa Taamallah ...
  • Yan Derocles

IAG : Capital increase of € 2.75bn launched as expected

>EBIT pre-exceptional in line with estimates- Liquidity boosted to € 8.1bn - IAG has just released its Q2 2020 results in line with the consensus estimates, with an operating loss before exceptionals of € 1,365m (cons: € 1,395m), vs € 960m operating income in Q2 2019. Total operating losses including exceptional items relating to the early retirement of British Airways' Boeing 747s and Iberia's Airbus A340s came to € 2,177m. As a result of government travel restr...

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.

International Consolidated Airlines Group SA: 1 director bought

A director at International Consolidated Airlines Group SA bought 70,000 shares at 4.606EUR and the significance rating of the trade was 83/100. 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 list...

Francisco Rodriguez

IAG: MENSAJES DE LA CONFERENCE CALL RDOS. 2T’20 (ANÁLISIS BANCO SABADELL)

De los comentarios de la conference call de Rdos. destacamos:  Evolución del negocio y perspectivas: Sólo operan aquellos vuelos que son generadores de caja positivo. En este sentido confirman que esperan alcanzar break-even de cash flow neto de operaciones en 4T’20, basado en una recuperación paulatina de la demanda y compatible con su expectativa de tener una capacidad en 4T’20 un -46% vs 4T’19. La recuperación está siendo más evidente en el doméstico (~10% capacidad) y en el cliente retail, aunque ya empiezan a notar repunte en medio radio (~20% capacidad; truncada por la cuarentena), qu...

Olfa Taamallah ...
  • Yan Derocles

IAG : Capital increase of € 2.75bn launched as expected

>EBIT pre-exceptional in line with estimates- Liquidity boosted to € 8.1bn - IAG has just released its Q2 2020 results in line with the consensus estimates, with an operating loss before exceptionals of € 1,365m (cons: € 1,395m), vs € 960m operating income in Q2 2019. Total operating losses including exceptional items relating to the early retirement of British Airways' Boeing 747s and Iberia's Airbus A340s came to € 2,177m. As a result of government travel restr...

Olfa Taamallah ...
  • Yan Derocles

IAG : Capital increase of € 2.75bn launched as expected

>EBIT pre-exceptional in line with estimates- Liquidity boosted to € 8.1bn - IAG has just released its Q2 2020 results in line with the consensus estimates, with an operating loss before exceptionals of € 1,365m (cons: € 1,395m), vs € 960m operating income in Q2 2019. Total operating losses including exceptional items relating to the early retirement of British Airways' Boeing 747s and Iberia's Airbus A340s came to € 2,177m. As a result of government travel restr...

Francisco Rodriguez

IAG: 2Q’20 RESULTS AND CHANGE OF T.P. TO UNDER REVISION (ANÁLISIS BANCO SABADELL)

2Q’20 vs. 2Q’19 Results: Sales: € 741.0 M (-89.1% vs. -86% BS(e)); Recurring EBIT: € -1.365 Bn (€ 960.0 M in 1H’19 vs. € -1.3 Bn BS(e) and € -1.395 Bn consensus); Net Profit: € -1.409 Bn (€ 726 M in 2Q’19 vs. € -1.277 Bn BS(e)); 1H’20 vs. 1H’19 Results: Sales: € 5.341 Bn (-55.7% vs. -54% BS(e)); EBIT: € -1.89 Bn (€ 1.095 Bn in 1H’19 vs. € -1.825 Bn BS(e) and € -1.92 Bn consensus); Net Profit: € -1.965 Bn (€ 806 M in 1H’19 vs. € -1.837 Bn BS(e)). Results in line with expectations in recurring EBIT. Revenues came in below expectations although this was offset by a better performance of costs. Th...

Francisco Rodriguez

IAG: RDOS. 2T’20 Y CAMBIO DE P.O. A BAJO REVISIÓN (ANÁLISIS BANCO SABADELL)

Rdos. 2T'20 vs 2T'19: Ventas: 741,0 M euros (-89,1% vs -86% BS(e)); EBIT recurrente: -1.365,0 M euros (960,0 M euros en 1S'19 vs -1.300,0 M euros BS(e) y -1.395,0 M euros consenso); BDI recurrente: -1.409,0 M euros (vs 726 M euros en 2T’19 y vs -1.277 M euros BS(e)); Rdos. 1S'20 vs 1S'19: Ventas: 5.341 M euros (-55,7 vs -54% BS(e)); EBIT recurrente: -1.890,0 M euros (vs 1.095 M euros en 1S'19 y -1.825,0 M euros BS(e) y -1.920,0 M euros consenso); BDI recurrente: -1.965,0 M euros (vs 806 M euros en 1S’19 vs -1.837 M euros BS(e)). Rdos. en línea con lo esperado en EBIT recurrente. Los ingresos e...

Int'l Consolidated Airlines Group, S.A.: Credit update following downgrade to Ba1

Our credit view of IAG, reflecting liquidity, downside risk analysis and impact on credit metrics and balance sheet of the coronavirus crisis

Moody's downgrades IAG to Ba1 from Baa3; outlook negative

Rating Action: Moody's downgrades IAG to Ba1 from Baa3; outlook negative. Global Credit Research- 28 May 2020. London, 28 May 2020-- Moody's Investors Service, has today downgraded International Consolidated Airlines Group, S.A.: the rating agency has assigned a Ba1 corporate family rating and Ba1-PD probability of default rating to IAG and withdrawn the company's Baa3 long-term issuer rating.

Moody's announces completion of a periodic review of ratings of Int'l Consolidated Airlines Group, S.A.

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Int'l Consolidated Airlines Group, S.A. Global Credit Research- 15 Apr 2020. London, 15 April 2020-- Moody's Investors Service has completed a periodic review of the ratings of Int'l Consolidated Airlines Group, S.A. and other ratings that are associated with the same analytical unit.

Int'l Consolidated Airlines Group, S.A.: Credit update following placement of ratings on review for downgrade

Our credit view of IAG, reflecting liquidity, downside risk analysis and impact on credit metrics and balance sheet of the coronavirus crisis

Moody's places IAG's ratings on review for downgrade

Rating Action: Moody's places IAG's ratings on review for downgrade. Global Credit Research- 17 Mar 2020. London, 17 March 2020-- Moody's Investors Service, has today placed all the ratings of International Consolidated Airlines Group, S.A. on review for downgrade.

Alain William ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Benoit Valleaux
  • Delphine Brault
  • Emmanuel Matot
  • Geoffroy Michalet
  • Harald Eggeling
  • Jean Sassus
  • Laurence Hofmann
  • Louis Boujard, CFA
  • Martial Descoutures
  • Michael Foundoukidis
  • Olfa Taamallah
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Sebastien Malafosse
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/07/2020

...

Alain William ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Benoit Valleaux
  • Delphine Brault
  • Emmanuel Matot
  • Geoffroy Michalet
  • Harald Eggeling
  • Jean Sassus
  • Laurence Hofmann
  • Louis Boujard, CFA
  • Martial Descoutures
  • Michael Foundoukidis
  • Olfa Taamallah
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Sebastien Malafosse
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 07/05/2020

...

Alexandre Iatrides ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Benoit Valleaux
  • Delphine Brault
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Geoffroy Michalet
  • Jean Sassus
  • Jerôme Bodin
  • Louis Boujard, CFA
  • Martial Descoutures
  • Michael Foundoukidis
  • Olfa Taamallah
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Samantha Jeary
  • Sebastien Malafosse
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/30/2020

...

With a more favourable environment, INTL.CONS.AIRL.GROUP SA improves to Slightly Positive

INTL.CONS.AIRL.GROUP SA (GB), a company active in the Airlines industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date November 29, 2019, the closing price was GBp 554.00 and its potential was estimated at GBp 602.22.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

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...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch