国际航空集团订购53架空客与波音远程客机 智通财经5月9日电，国际航空集团（IAG）表示，为满足中期远程机队的需求，该公司订购了53架远程 客机，包括21架空客A330-900neo和32架波音787-10，其将于2028至2033年间交付。 ...

国际航空集团（IAG） 将向空客订购约30架宽体喷气式飞机，包括A330和A350型号。 ...

Core Viewpoint - The article emphasizes the importance of identifying undervalued companies with strong fundamentals and growth potential, advocating for a disciplined value investing approach that focuses on companies trading significantly below their intrinsic value [1]. Group 1: Investment Strategy - The company specializes in rigorous value investing, combining thorough fundamental analysis with a focus on strong cash flows, robust balance sheets, and competent management teams [1]. - A long-term investment horizon is prioritized to allow investment theses to materialize, aiming for superior risk-adjusted returns [1]. Group 2: Goals and Objectives - The objective is to help followers build lasting wealth through strategic value investments in quality businesses [1].

Core Viewpoint - International Consolidated Airlines Group SA (ICAGY) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][4]. Earnings Estimates and Revisions - The Zacks Consensus Estimate for ICAGY for the fiscal year ending December 2024 is projected at $1.07 per share, reflecting a 61% decrease from the previous year's reported figure [9]. - Over the past three months, analysts have increased their earnings estimates for ICAGY by 5.7% [9]. - The Zacks rating system emphasizes the importance of earnings estimate revisions, which are strongly correlated with near-term stock price movements [5][7]. Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 (Strong Buy) to Zacks Rank 5 (Strong Sell), and has shown a strong track record of performance [8][10]. - Only the top 20% of Zacks-covered stocks receive a 'Strong Buy' or 'Buy' rating, indicating superior earnings estimate revisions and potential for market-beating returns [10][11]. Market Implications - The upgrade to Zacks Rank 2 positions ICAGY in the top 20% of stocks covered by Zacks, suggesting potential upward movement in its stock price due to improved earnings outlook [11]. - Rising earnings estimates and the corresponding rating upgrade imply an overall improvement in ICAGY's underlying business, which could lead to increased investor interest and stock price appreciation [6].

Core Insights - The article emphasizes the importance of a ranking system focused on earnings estimates and revisions to identify winning stocks, while also considering various investment strategies like value, growth, and momentum [1][2] Group 1: Value Investing - Value investing is highlighted as a popular and successful strategy across different market environments, utilizing various valuation metrics to identify undervalued stocks [2] - The Zacks Style Scores system is introduced, particularly the "Value" category, which helps investors find stocks with high value grades and strong Zacks Ranks [3] Group 2: International Consolidated Airlines Group (ICAGY) - ICAGY is identified as a notable stock for value investors, currently holding a Zacks Rank of 2 (Buy) and a Value grade of A [4] - The stock is trading at a P/E ratio of 6.55, significantly lower than the industry average of 15.83, indicating potential undervaluation [4] - ICAGY's Forward P/E has fluctuated between 3.93 and 7.29 over the past year, with a median of 4.56 [4] - The company has a PEG ratio of 0.67, which is below the industry average of 0.77, further suggesting it may be undervalued [5] - The PEG ratio for ICAGY has ranged from 0.08 to 1.07 in the past year, with a median of 0.84 [5] - Overall, ICAGY is positioned as one of the market's strongest value stocks, supported by a solid earnings outlook [6]

Financial Data and Key Metrics Changes - Revenue increased to €32 billion, a growth of 9% year-on-year, while operating profit rose to €4.4 billion, up nearly €1 billion [10][15] - Operating margin improved to 13.9%, with a return on invested capital of 17.3%, marking exceptional performance [11][15] - Free cash flow generated was almost €3.6 billion after investing €2.8 billion in the business [12][30] Business Line Data and Key Metrics Changes - British Airways' profits increased by 15% to over £2 billion, with an operating margin of 14.2% [18] - Iberia achieved over €1 billion in operating profit for the first time, with a 9% profit increase and a high operating margin of 13.6% [19] - IAG Loyalty delivered £420 million in profit, continuing to show strong double-digit growth [20][54] Market Data and Key Metrics Changes - North America, the largest market, saw unit revenue increase by 6.2%, with a strong performance in Q4 where unit revenue rose by 14% [22] - Europe experienced high single-digit revenue growth, particularly strong for British Airways and Aer Lingus [23] - The Asia Pacific market remains the smallest, with only 27% of pre-pandemic capacity recovered [25] Company Strategy and Development Direction - The company aims to strengthen its core business by adding destinations and improving schedules [7] - Focus on growing asset-light, higher-margin businesses, with IAG Loyalty being a key area of growth [8] - Strategic targets include operating margins of 12% to 15% and return on invested capital between 13% and 16% [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing recovery of business travel, with significant improvements in volume and revenue compared to 2023 [70] - The company anticipates strong demand continuing into 2025, despite some caution in specific sectors [70] - Management highlighted the importance of digital transformation and customer experience improvements as key drivers for future growth [51] Other Important Information - The company plans to return up to €1 billion of excess capital to shareholders over the next 12 months [12][38] - A significant focus on sustainability, with 1.9% of fuel used in 2024 being sustainable aviation fuel [59] Q&A Session Summary Question: Update on Loyalty scheme changes and customer reactions - Management noted no significant change in travel patterns since the rollout of the new loyalty program, with positive feedback as customers learn more about it [66] Question: Outlook on business travel trends - Business travel demand has improved, with varying performance across airlines; British Airways and Iberia showed strong recovery in both volume and revenue [70][72] Question: RASK impact of the new retailing platform - Management did not provide specific guidance on RASK but expressed confidence in the recovery and margin improvement [77][78] Question: Expectations on 777X deliveries - The first delivery is expected in 2027, with ongoing discussions about strengthening partnerships in Latin America [129] Question: Capacity growth expectations across operating companies - Capacity growth is projected at 2% to 4% per annum, with specific growth rates varying by airline [123][125]

Connecting people, businesses and countries 2024 Full Year results Disclaimer LEI: 959800TZHQRUSH1ESL13 Forward-looking statements: Certain statements included in this announcement are forward-looking. These statements can be identified by the fact that they do not relate only to historical or current facts. By their nature, they involve risk and uncertainties because they relate to events and depend on circumstances that will occur in the future. Actual results could differ materially from those expressed ...

Group 1: Company Overview - International Consolidated Airlines Group SA (ICAGY) currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy) [3][4][12] - The company has shown significant price performance, with shares increasing 41.01% over the past quarter and 138.36% over the last year [7] Group 2: Price Performance - ICAGY shares are up 9.52% over the past week, while the Zacks Transportation - Airline industry remains flat during the same period [6] - The monthly price change for ICAGY is 13.73%, compared to the industry's performance of 0.62% [6] Group 3: Trading Volume - The average 20-day trading volume for ICAGY is 140,340 shares, which serves as a bullish indicator when combined with rising stock prices [8] Group 4: Earnings Outlook - Over the past two months, one earnings estimate for ICAGY moved higher, while one moved lower, resulting in a consensus estimate increase from $1.06 to $1.07 [10] - For the next fiscal year, there has been one upward revision and one downward revision in earnings estimates [10]

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investors often face challenges in determining the right entry point, as stocks may lose momentum when their valuations exceed future growth potential [2] - Investing in bargain stocks that exhibit recent price momentum can be a safer strategy, utilizing tools like the Zacks Momentum Style Score to identify potential opportunities [3] Group 2: International Consolidated Airlines Group SA (ICAGY) - ICAGY has shown a four-week price change of 13.7%, indicating strong investor interest [4] - Over the past 12 weeks, ICAGY's stock has gained 41%, with a beta of 2.17, suggesting it moves 117% higher than the market in either direction [5] - ICAGY has a Momentum Score of B, indicating a favorable time to invest based on momentum [6] Group 3: Earnings Estimates and Valuation - An upward trend in earnings estimate revisions has contributed to ICAGY earning a Zacks Rank 2 (Buy), which is associated with strong momentum effects [7] - ICAGY is currently trading at a Price-to-Sales ratio of 0.62, suggesting it is undervalued at 62 cents for each dollar of sales [7] Group 4: Additional Opportunities - Besides ICAGY, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - The Zacks Premium Screens offer over 45 different strategies to help identify potential winning stocks based on individual investing styles [9]

Core Insights - The stock price of International Airlines Group has increased by over 90% since the initiation of coverage in June 2024 [1] Group 1 - The buy rating for International Airlines Group was supported by buy-side hedge professionals conducting fundamental, income-oriented, long-term analysis across sectors globally in developed markets [1]