Sunday, December 22

Tag: International Consolidated Airlines Group

IAG Says It Remains Committed to Dividends, Sets out Medium-Term Targets
21Nov By adminNo Comments
World

IAG Says It Remains Committed to Dividends, Sets out Medium-Term Targets

International Consolidated Airlines Group said that it will start paying dividends again once its balance sheet and investment plans are secure, as it set out its medium-term targets.The London and Madrid-listed airline group—which operates British Airways and Iberia among others—said its was targeting medium-term operating margins in the 12% to 15% range. It added it was targeting a return on invested capital between 13% and 16%.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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IAG Beats 3Q Views Driven by Strong Leisure Demand, Rising Capacity
27Oct By adminNo Comments
World

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.The airline group—which houses carriers British Airways, Iberia and Vueling, among others—reported adjusted operating profit of 1.745 billion euros ($2.12 billion), compared with EUR1.22 billion a year prior. This beat an analyst consensus of EUR1.51 billion, taken from FactSet.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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