International Consoliadated Airlines traffic in October increased by 4.8%

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International Consolidated Airlines (LON:IAG) traffic in October, measured in revenue passenger kilometres, increased by 4.8 per cent versus the same period last year; IAG capacity measured in available seat kilometres increased by 2.7 per cent versus the same period last year. Group performance Month of October Year to date 2019 2018 yoy 2019 2018 yoy Passengers carried (‘000s) 10,364 10,028 …

International Consolidated Airlns Grp SA

International Consolidated Airlines Agreement for acquisition of Air Europa

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International Consolidated Airlines Group (LON:IAG) and Globalia have announced that definitive transaction agreements have been signed under which IAG’s wholly owned subsidiary, IB OPCO Holding S.L. (“Iberia”), has agreed to acquire the entire issued share capital of Air Europa for €1 billion to be satisfied in cash at Completion and subject to a closing accounts adjustment. Highlights ·      Transforms IAG’s Madrid …

International Consolidated Airlines expects 2019 operating profit to be €215 million lower than 2018 pro forma

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International Consolidated Airlines (LON:IAG) presented Group consolidated results for the nine months to September 30, 2019. IAG period highlights on results: ·      Third quarter operating profit €1,425 million before exceptional items (2018 pro forma1: €1,530 million, 2018 statutory: €1,460 million) ·      The quarter was heavily impacted by industrial action by BALPA pilots, which together with other disruption resulted in an adverse operating …

International Consolidated Airlns Grp SA

International Airlines Group updates its FY19 operating profit guidance

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International Airlines Group (LON:IAG) is updating its full year 2019 operating profit guidance based on recent events. During September, BALPA’s (British Airways main pilots’ union) industrial action initially scheduled for the 9, 10 and 27 led to an initial cancellation of 4,521 flights over a period of seven days. Subsequently, 2,196 flights were reinstated leaving 2,325 cancellations. British Airways also …

International Consolidated Airlns Grp SA

International Consolidated Airlines Group Good performance in Q2

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International Consolidated Airlines Group (LON: IAG) today presented Group consolidated results for the six months to June 30, 2019. IAG period highlights on results: ·      Second quarter operating profit €960 million before exceptional items (2018 pro forma1: €900 million, 2018 statutory: €816 million) ·      Passenger unit revenue for the quarter up 3.1 per cent, up 1.1 per cent at constant currency ·      Non-fuel unit …

International Consolidated Airlns Grp SA

International Cons Airlines Group – British Airways may receive penalty of £183,390,000

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Further to the theft of customer data from British Airways’ website, disclosed on 6 September 2018 and 25 October 2018, British Airways has been notified by the UK Information Commissioner’s Office (ICO) that it intends to issue the airline with a penalty notice under the UK Data Protection Act. The ICO has indicated that it proposes to impose a penalty …

International Consolidated Airlines Group European airlines significantly affected by fuel and foreign exchange headwinds

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International Consolidated Airlines Group (LON:IAG) today announced Group consolidated results for the three months to March 31, 2019. IAG period highlights on results: · First quarter operating profit €135 million before exceptional items (2018 pro forma1: €340 million) · Passenger unit revenue for the quarter down 0.8 per cent, down 1.4 per cent at constant currency · Non-fuel unit costs …

International Consolidated Airlines Group Reported an operating profit of €655 up 19.1%

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International Consolidated Airlines Group (LON:IAG) today presented Group consolidated results for the year to December 31, 2018. IAG period highlights on results: • Fourth quarter operating profit €655 million before exceptional items (2017 restated1: €550 million) • Net foreign exchange operating profit impact for the quarter adverse €9 million • Passenger unit revenue for the quarter up 1.6 per cent, …

International Airlines Group Boeing 777-9 order for British Airways

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International Airlines Group (LONIAG) is ordering 18 Boeing 777-9 aircraft, plus 24 options, for British Airways. They will be used to replace 14 Boeing 747-400 and four Boeing 777-200 between 2022 and 2025. Each aircraft will be fitted with 325 seats in four cabins. British Airways’ 777-9 will be powered by General Electric GE9X engines. The engine order includes a …

International Consolidated Airlines Group operating profit of €1,460 million

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International Consolidated Airlines Group (LON:IAG) today (October 26, 2018) announced Group consolidated results for the nine months to September 30, 2018.

IAG period highlights on results:

· Third quarter operating profit €1,460 million before exceptional items (2017 restated(1): €1,450 million)

· Net foreign exchange operating profit impact for the quarter adverse €111 million

· Passenger unit revenue for the quarter up 1.3 per cent, up 2.4 per cent at constant currency

· Non-fuel unit costs before exceptional items for the quarter up 0.5 per cent, down 0.7 per cent at constant currency

· Fuel unit costs for the quarter up 14.3 per cent, up 15.0 per cent at constant currency

· Operating profit before exceptional items for the nine months period €2,575 million (2017 restated(1): €2,400 million), up 7.3 per cent

· Completion of second €500m share buyback programme on October 24

· Interim dividend of 14.5 euro cents per sh