IAG : A solid model and a henceforth attractive valuation. Neutral vs Reduce
>Dilution of unit revenues limited to Q1 in the end… - The dilution of unit revenues was ultimately lower than that of peers in Q1 at -1.4% (vs -1.9% at Air France-KLM and -5.2% at Lufthansa) and is attributable to the later Easter holidays in 2019. Whilst Europe and Latin America posted the worst performances, the domestic market and North America showed good resilience: i/ in Europe, RASK reflected a decline of 5.7% (ASK up +3.6%) mainly weighed down by Germany 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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.