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]

Core Viewpoint - The comparison between International Consolidated Airlines Group SA (ICAGY) and Southwest Airlines (LUV) indicates that ICAGY may offer better value for investors at this time due to its stronger Zacks Rank and favorable valuation metrics [1][3]. Group 1: Zacks Rank and Earnings Estimates - ICAGY has a Zacks Rank of 1 (Strong Buy), while LUV has a Zacks Rank of 3 (Hold), suggesting that ICAGY is experiencing more positive earnings estimate revisions [3]. - The Zacks Rank system emphasizes companies with improving earnings outlooks, which positions ICAGY favorably for value investors [3]. Group 2: Valuation Metrics - ICAGY's forward P/E ratio is 6.15, significantly lower than LUV's forward P/E of 20.02, indicating that ICAGY may be undervalued relative to LUV [5]. - The PEG ratio for ICAGY is 0.63, compared to LUV's PEG ratio of 3.24, further suggesting that ICAGY is a more attractive investment based on expected earnings growth [5]. - ICAGY has a P/B ratio of 1.45, while LUV's P/B ratio is 1.89, reinforcing the notion that ICAGY is undervalued [6]. - Based on these valuation metrics, ICAGY holds a Value grade of B, whereas LUV has a Value grade of C, indicating that ICAGY is the better option for value investors [6].

Core Insights - The article discusses the performance and strategies of John Choong, the Head of Markets and Research at Investors Edge, who aims to outperform the market by identifying sectors and companies with consistent growth potential [2] Group 1 - John Choong is recognized for his comprehensive macroeconomic analysis and detail-oriented research, which have provided actionable insights to investors [2] - He is currently ranked as the number one analyst in the UK according to Stockomendation, a stock tip-recommendation website [2]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling even higher, leveraging established price movements for profitable trades [4]. Company Overview - International Consolidated Airlines Group SA (ICAGY) currently holds a Zacks Rank of 1 (Strong Buy) and has a Momentum Style Score of B, indicating strong potential for near-term price increases [5][9]. - Over the past quarter, ICAGY shares have increased by 53.22%, and over the last year, they have gained 92.94%, significantly outperforming the S&P 500, which moved 6.3% and 28.62% respectively during the same periods [7]. Performance Metrics - ICAGY's average 20-day trading volume is 262,772 shares, which serves as a baseline for price-to-volume analysis; a rising stock with above-average volume is generally seen as bullish [3]. - In the past week, ICAGY shares rose by 3.62%, while the Zacks Transportation - Airline industry declined by 1.65%. Over the past month, ICAGY's price change of 18.06% outperformed the industry's 0.78% [12]. Earnings Outlook - In the last two months, two earnings estimates for ICAGY have been revised upwards, increasing the consensus estimate from $1.02 to $1.08 for the full year. For the next fiscal year, two estimates have also moved upwards without any downward revisions [13].

Core Viewpoint - The article emphasizes the importance of identifying fast-moving stocks that are attractively priced, particularly highlighting International Consolidated Airlines Group SA (ICAGY) as a strong candidate for investment due to its recent price momentum and favorable valuation metrics [1][2][3]. Group 1: Stock Performance - ICAGY has shown a four-week price change of 18.1%, indicating growing investor interest [3]. - Over the past 12 weeks, ICAGY's stock has gained 53.2%, demonstrating its ability to deliver positive returns over a longer time frame [4]. - The stock has a beta of 2.23, suggesting it moves 123% higher than the market in either direction, indicating fast-paced momentum [4]. Group 2: Investment Metrics - ICAGY has a Momentum Score of B, suggesting it is an opportune time to invest in the stock [5]. - The stock has earned a Zacks Rank 1 (Strong Buy) due to an upward trend in earnings estimate revisions, which typically attracts more investors [6]. - ICAGY is trading at a Price-to-Sales ratio of 0.55, meaning investors pay only 55 cents for each dollar of sales, indicating a reasonable valuation [6]. Group 3: Additional Opportunities - Besides ICAGY, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, suggesting a broader opportunity for investors [7]. - The article mentions over 45 Zacks Premium Screens available for investors to find winning stock picks based on their personal investing style [8].

Group 1 - International Consolidated Airlines Group SA (ICAGY) is currently outperforming its peers in the Transportation sector with a year-to-date return of 92.5% compared to the sector average of 0.8% [4] - The Zacks Consensus Estimate for ICAGY's full-year earnings has increased by 1.6% over the past three months, indicating improved analyst sentiment and earnings outlook [4] - ICAGY holds a Zacks Rank of 1 (Strong Buy), suggesting it has favorable characteristics to beat the market in the near term [3] Group 2 - ICAGY belongs to the Transportation - Airline industry, which consists of 31 stocks and currently ranks 27 in the Zacks Industry Rank, outperforming the industry's average gain of 30.8% this year [6] - Another notable stock in the Transportation sector is ZIM Integrated Shipping Services (ZIM), which has achieved a year-to-date return of 100.6% and has a Zacks Rank of 2 (Buy) [5] - The Transportation - Shipping industry, to which ZIM belongs, is ranked 219 and has seen a gain of 10.9% this year [7]