British Airways owner International Consolidated Airlines Group SA (LSE:IAG) should get a boost from an increasingly favourable macroeconomic outlook for the aviation sector. According to RBC, a dip in airline fuel costs should offer a roughly 2% boost to the operator’s 2024 pre-tax earnings estimates, which the bank forecast to come in at £3.37 billion. “We certainly see attractions in the IAG investment case,” the bank said in a note, “and now have the most potential upside to our IAG price target among ‘ ...

Bottles from Digby in the Southern reaches of the country are now served on British Airways flightsBritish AirwaysBritish Airways is adding some sparkle into their first class experience with the introduction of a new rotation of all-British bubbles — bright, tight, expressive sparkling wines grown out of English soil.Passengers in Club class (the airline’s first class equivalent) can board, settle into their seats and sip a rotation of five British sparkling wines from five different houses—Digby Fine Engl ...

About this content About Leo Grieco Leo joins us with a degree in Media Production from Bournemouth University. His work includes reporting for the UK editorial team and video editing for the broadcast team. He comes with an expertise in video editing and producing. Leo’s specialities include hospitality and leisure, support services, tech and video games. Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and fi ...

Start Time: 03:30 January 1, 0000 4:23 AM ET International Consolidated Airlines Group S.A. (OTCPK:ICAGY) Q3 2023 Earnings Conference Call October 27, 2023, 03:30 AM ET Company Participants Luis Gallego - CEO Nicholas Cadbury - CFO Sean Doyle - Chairman and CEO, British Airways Adam Daniels - Chairman and CEO, IAG Loyalty Lynne Embleton - Chairman and CEO, Aer Lingus Fernando Candela - Chairman and CEO, Iberia Marco Sansavini - Chairman and CEO, Vueling Conference Call Participants Sathish Sivakumar - Citi ...

International Consolidated Airlines Group S.A. (OTCPK:ICAGY) Q2 2023 Earnings Conference Call July 28, 2023 4:30 AM ET Company Participants Luis Gallego - CEO Nicholas Cadbury - CFO Sean Doyle - Chairman and CEO, British Airways Conference Call Participants Stephen Furlong - Davy Savi Syth - Raymond James Jarrod Castle - UBS Jaime Rowbotham - Deutsche Bank James Hollins - BNP Paribas Harry Gowers - JPMorgan Andrew Lobbenberg - Barclays Neil Glynn - AIR Control Tower Conor Dwyer - Morgan Stanley Tobias F - B ...

NATIONAL 1 Connecting people, businesses and countries 2023 Half One results Disclaimer LEI: 959800TZHQRUSH1ESL13 Forward-looking statements: Certain statements included in this document and any related conference call or webcast (including any related Q&A session) 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 w ...

International Consolidated Airlines Group S.A. (OTCPK:ICAGY) Q3 2022 Earnings Conference Call October 28, 2022 4:30 AM ET Company Participants Luis Gallego Martin - Chief Executive Officer & Executive Director Nicholas Theodore Cadbury - Chief Financial Officer Sean Doyle - Chairman & Chief Executive Officer, British Airways Conference Call Participants Jarrod Castle - UBS Savi Syth - Raymond James Alex Irving - Bernstein James Hollins - BNP Paribas Stephen Furlong - Davy Jaime Rowbotham - Deutsche Bank Sat ...

| --- | --- | --- | --- | |-------|-------|-----------------------------------------------------------------------------------------|-------| | | | | | | | | CONNECTING PEOPLE, BUSINESSES AND COUNTRIES 28 October 2022 QUARTER THREE 2022 RESULTS | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | |--------------------------------------------------|-------|-------|-------|-------|-------| | I N T E R N A L U S E O N L Y | | | | | | | | | | | | | | | | | | | | | LUIS GALLEGO, CHIEF EXECUTIVE OFFICER ...

Financial Data and Key Metrics Changes - The company reported a pre-exceptional operating profit of €287 million, a significant improvement from a loss of over €1 million a year ago [3] - Revenue recovered to 88% of 2019 levels, nearly five times higher than the previous year [4] - Liquidity reached a record high of €13.5 billion at the end of June, up from €12.4 billion at the end of March [4] - Net debt decreased to €11 billion from €11.6 billion at the end of March [5] Business Line Data and Key Metrics Changes - All airlines within the group reported positive operating profits, including Vueling, Aer Lingus, and British Airways for the first time since the pandemic [3] - Passenger revenue at the IAG level recovered to 83%, with a 6% increase in passenger unit revenue driven by strong yield improvement [15] - Cargo revenue increased by approximately 50%, although impacted by COVID restrictions in China [15] Market Data and Key Metrics Changes - Demand remains strong, with bookings running at around 90% of 2019 levels in volume and 95% in revenue [5] - Premium leisure revenue has almost fully recovered to 2019 levels, while business channel bookings recovered to about 60% in volume and 70% in revenue [6] Company Strategy and Development Direction - The management is focused on transforming the business to emerge stronger from the crisis, enhancing customer propositions and operational resilience [40] - The company plans to invest in environmentally efficient aircraft to achieve net zero emissions by 2050 [30][55] - Capacity for 2022 has been slightly reduced to 78% of 2019 levels due to British Airways' operational adjustments [63] Management's Comments on Operating Environment and Future Outlook - Management does not see signs of weakness in demand despite inflationary and recessionary concerns [76] - The company expects to be profitable for the full year of 2022, with significantly positive operating cash flow [77] - Forward bookings remain strong, particularly in the leisure segment, while business travel is gradually recovering [75] Other Important Information - The company has made significant investments in fleet CapEx, with €2.1 billion in gross CapEx for the first half of the year [29] - The company is actively managing its debt maturity and liquidity position, with a focus on maintaining strong cash flow [34][36] Q&A Session Summary Question: Booking trends and load factors - Management indicated that revenue for the rest of the year is above 2019 levels, with load factors lagging but improving yields [81] - Load factors for premium and non-premium segments were reported, with premium slightly better than non-premium [82] Question: RASK trends and Heathrow operations - Management noted that RASK is expected to improve, with adjustments possible in capacity if needed [85] - Heathrow's operational performance is dependent on recruitment and collaboration with various stakeholders [86][87] Question: Employee costs and cost management - Management acknowledged rising employee costs due to inflation and labor shortages, with plans to improve efficiency [94] - The company is focused on procurement and cost management strategies to mitigate potential revenue declines [92] Question: Interest costs and net debt evolution - Management expects a reversal in net debt due to improved capacity and revenue, while managing interest costs through liquidity [99][100]

International Consolidated Airline Group (OTCPK:ICAGY) Q1 2022 Earnings Conference Call May 6, 2022 4:00 AM ET Company Participants Luis Gallego - CEO Nicholas Cadbury - CFO Adam Daniels - Chairman & CEO of IAG Loyalty Sean Doyle - CEO & Chairman of British Airways David Podolsky - CEO of AIG Cargo Lynne Embleton - Chairman and CEO of Aer Lingus Javier Sanchez-Prieto - Chairman & CEO of Iberia Marco Sansavini - Chairman & CEO of Vueling Conference Call Participants Jaime Rowbotham - Deutsche Bank Savi Syth ...