International Consolidated Airlines: Steep Discount And Supportive Performance

JohnnyPowell/iStock Unreleased via Getty Images In June-end, we initiated International Airlines Group (OTCPK:ICAGY) (OTCPK:BABWF) coverage with a buy rating supported by: 1. A strong brand portfolio with the ability to compete in long-haul distance (flag carrier peers) and with low-cost operators; 2. A positive outlook thanks to corporate travel demand and a leaner cost structure; 3. An unjustified valuation discrepancy compared to its peers. On 01/08/2024, the company reported its H1 results and was the o ...