IAG : Good momentum expected in the summer but risks persist
>A broadly satisfactory Q1 - In Q1 2022, we expect an operating loss of € 494m (vs -€ 1,135m in Q1 2021 and the Visible Alpha consensus at -€ 485m) on sales of € 3.3bn (vs € 963m in Q 2021) driven by an acceleration in the return of capacity (at 65% of 2019 levels following the lifting of restrictions in the UK) with a load factor of 70%e and growth in passenger yields of 14.5% driven by leisure and long-haul (unit revenues came in 12.4% below 2019 levels). While un...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.
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