IAG : A better-than-expected performance in Q2 and interim dividend announcement
>A strong Q2 release - IAG released yesterday a good set of Q2 2024 results, with operating profit reported at € 1.241bn down 0.8% y-o-y but 12% ahead of the Visible Alpha consensus and 5% ahead of our estimates. FCF was reported at € 3.2bn for H1 2024, i.e. an improvement of € 460m y-o-y.This positive operational performance comes on the back of better cost performance as non-fuel CASK which were almost flat y-o-y (vs +2.5% estimated) and unit fuel costs up 4.6...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.
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