International Consolidated Airlines Group SA (ICAGY) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, ICAGY's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross."Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover in ...

Financial Performance - The company reported a full year operating profit of €3.5 billion, up from €1.2 billion in 2022 and exceeding the €3.3 billion achieved in 2019, with an operating margin of 11.9% [4][16] - Significant free cash flow of €1.3 billion was generated, with net debt reduced to €9.2 billion and a leverage ratio of 1.7x, lower than the previous year [5][16] Business Line Performance - Iberia delivered an operating profit of €940 million, more than doubling from the previous year, with a margin of 13.5% [19] - British Airways' profit increased by over GBP 1.1 billion to GBP 1.4 billion, with a margin of 10% [18] - Aer Lingus improved profits to €225 million with a margin of 10% [17] - Vueling achieved nearly €400 million in operating profit with a margin of 12.4% [19] - IAG Loyalty's profit grew by 70% to GBP 280 million, adding 4.9 million new members [9] Market Performance - Capacity increased by 23% year-on-year, with passenger unit revenue up more than 8% and non-fuel unit costs reduced by 4.4% [15] - North America saw a capacity growth of 23% and PRASK increased by nearly 4% [26] - Latin America and the Caribbean experienced a 19% capacity increase and an 8% rise in PRASK [27] - The Asia Pacific region is recovering, with capacity at around 40% of 2019 levels [28] Company Strategy and Industry Competition - The company is focused on growing its global leadership positions, particularly in the North Atlantic market, where British Airways is the leading carrier [50] - Investment in modernizing the fleet and enhancing customer experience is a priority, with a commitment to sustainability [76][77] - The company plans to maintain a disciplined approach to capital allocation while investing in growth opportunities [46] Management Commentary on Operating Environment and Future Outlook - Management expressed confidence in generating significant free cash flow in 2024, with strong demand expected to continue, particularly in leisure travel [6][78] - The company is focused on improving operational performance, particularly at British Airways, with ongoing investments in technology and processes [11][88] - The outlook for 2024 includes a projected ASK growth of around 7% and a slight increase in non-fuel CASK due to investments and inflation [79][80] Other Important Information - The company has made significant progress on its sustainability agenda, reducing carbon intensity by 3.6% year-on-year [76] - A new management team has been appointed, with changes effective from April [83] Q&A Session Summary Question: CapEx phasing and British Airways on-time performance - Management indicated that CapEx is expected to increase towards the end of the year, with improvements in British Airways' punctuality being a focus area [85][87] Question: Madrid-Barajas expansion impact - The company supports the expansion of Madrid-Barajas, emphasizing the need for sustainable and affordable development [90][91] Question: Margins and Heathrow management - Management did not provide specific guidance on margins but indicated a consensus around €3.3 billion for 2024 [93][94] - Support for Heathrow expansion was reiterated, with a focus on improving airport performance regardless of the third runway debate [95][96] Question: Capacity growth flexibility and emissions - Management acknowledged that capacity growth is primarily driven by utilization and load factors, with some opportunities for growth in Iberia [97][99] - Discussions on CORSIA highlighted the need for global alignment and the challenges posed by European mandates [101][102]

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and ...

International Airlines Group (IAG), the owner of British Airways, and U.S.-based firm Twelve have ... [+] signed what the airline group is describing as its largest sustainable aviation fuel partnership to date. (Photo by Dan Kitwood/Getty Images)Getty ImagesInternational Airlines Group (IAG), the owner of British Airways, and Berkley, California, U.S.-based carbon transformation firm Twelve have signed what the airline group is describing as its "largest" sustainable aviation fuel (SAF) partnership to date ...

Photo by Dan Kitwood/Getty ImagesGetty ImagesShares in International Consolidated Airlines hovered higher in Thursday business at the company posted record profits for last year.At 154.15p per share, IAG’s share price was last 0.9% higher on the day.Revenues at the British Airways owner leapt 27.7% year on year in 2023, to €29.5 billion, which the the firm said reflected "strong and sustained demand for travel" Demand was especially strong in the leisure segment, it commented.This meant operating profit (ex ...

British Airways owner International Consolidated Airlines Group SA (LSE:IAG) reported significant growth in underlying profits for the past year, but the fourth quarter was just short of City analyst estimates. For the full 2023 calendar year, operating profit before exceptional items came in at €3.5 billion, more than double the previous year and beating the €3.25 billion made in pre-pandemic 2019. Fourth-quarter operating profit of €502 million were up from €477 million a year ago, but slightly short of t ...

British Airways owner International Consolidated Airlines Group SA (LSE:IAG) (IAG) will offer up full-year results on Thursday, 29 February. Given budget rivals easyJet, Ryanair and Wizz Air have enjoyed recent gains on a faster post-pandemic recovery within the short-haul sector, the update will offer an insight into how premium, longer-distance carriers are faring in comparison. “It is tempting to think that investors are frightened that IAG is losing out in the market share stakes to the low-cost carrier ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being under ...

Investors looking for stocks in the Transportation - Airline sector might want to consider either International Consolidated Airlines Group SA (ICAGY) or Frontier Group Holdings (ULCC) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The ...

Here are three stocks with buy rank and strong value characteristics for investors to consider today, January 23:International Consolidated Airlines Group S.A. (ICAGY) : This company which engages in the provision of passenger and cargo transportation services carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.5% over the last 60 days.International Consolidated Airlines has a price-to-earnings ratio (P/E) of 4.04, compared with 5.30 for the ind ...