Why is IAG rising?

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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The IAG (LSE:IAG) share price is up a respectable 15% this year due to roaring travel demand. With the Portuguese government putting its flag carrier, TAP, up for sale, I explore whether a potential acquisition could send IAG shares rallying higher.

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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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The average share price target for International Consolidated Airlines is 218.13p. This is based on 8 Wall Streets Analysts 12-month price targets, issued in the past 3 months. International Consolidated Airlines's analyst rating consensus is a Moderate Buy. This is based on the ratings of 8 Wall Streets Analysts.

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International Consolidated Airlines has 42.66% upside potential, based on the analysts' average price target.

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IAG beat expectations with its second-quarter earnings at the end of July, and said it expected to reach 97% of pre-Covid capacity this year. “IAG's higher-than-expected air passenger fares, underpinned by efficient cost management, translate into higher-than-forecast profit margins and earnings this year,” S&P said.

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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's businesses underwrite over $14 billion of premium per annum, selling insurance under many leading brands including NRMA Insurance, CGU Insurance, SGIO, SGIC, ROLLiN', Swann Insurance and WFI (Australia); and NZI, State and AMI in (New Zealand).

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But forecasters expect IAG to meet these criteria. The airline operator is tipped to get things rolling again with a full-year dividend of 2.1 euro cents a share in 2024. This results in a 1.2% dividend yield. And for 2025, the yield marches to 2.6% on expectations that payouts will leap to 4.5 cents.

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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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