Is IAG successful?

o Strong trading across the network at Iberia has driven an increase in total revenue of 19%, with capacity growth of 18% and passenger unit revenue growth of 5%, with leisure continuing to be strong and corporate travel mainly recovered to pre-Covid levels. Profit increased by 76% to €449 million and margins to 23.1%.



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IAG reported a 39% year-on-year rise in quarterly operating profit before exceptional items to 1.7 billion euros ($1.8 billion), while Air France-KLM marked a 31% increase to 1.3 billion euros.

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IAG Stock 12 Months Forecast Based on 8 Wall Street analysts offering 12 month price targets for International Consolidated Airlines in the last 3 months. The average price target is 218.13p with a high forecast of 280.00p and a low forecast of 190.00p.

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International Consolidated Airlines Group is not owned by hedge funds. Looking at our data, we can see that the largest shareholder is Qatar Airways Limited with 25% of shares outstanding.

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The group's operating profit in 2022 was 1.22 billion euros ($1.29 billion) and overturned two years of COVID-driven losses. CEO Luis Gallego said IAG, which also owns Iberia, Vueling and Aer Lingus, was seeing robust forward bookings. Net debt came down to 10.38 billion euros from 11.6 billion in 2021.

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Formed in January 2011, IAG is the parent company of Aer Lingus, British Airways, Iberia, Vueling and LEVEL. It is a Spanish registered company with shares traded on the London Stock Exchange and Spanish Stock Exchanges.

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easyJet and IAG shares fall sharply as oil price fears hit FTSE 100 investors. IAG and easyJet both saw record profit in their most recent sets of results. However, both stocks could remain tied to oil price fears. easyJet and IAG shares have been falling since Hamas first launched attacks on Israel on 7 October.

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IAG Beats 3Q Views Driven by Strong Leisure Demand, Rising Capacity. International Consolidated Airlines Group said it beat market expectations in the third quarter, driven by strong leisure demand across all airlines, and that it expects a solid recovery in 2023 with capacity nearing prepandemic levels.

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IAG is comprised of 5 airline brands and 3 affiliated companies. Our Group includes two full service carriers, British Airways and Iberia, two value carrier, Aer Lingus and Iberia Express, and two low cost carriers, LEVEL and Vueling.

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