- Total Revenue: IAG’s total revenue for the second quarter was €8.86 billion, surpassing the estimated €8.74 billion.
- Passenger Revenue: €7.77 billion, slightly above the expected €7.73 billion.
- Cargo Revenue: Reached €311 million, outperforming the estimate of €304.5 million.
- Other Revenue: Reported at €780 million, significantly higher than the estimated €687.8 million.
- Operating Profit: Adjusted operating profit was €1.68 billion, beating expectations of €1.44 billion.
- Seat Load Factor: Recorded at 85.4%, which was below the anticipated 87.1%.
- Employee Costs: Totalled €1.62 billion for the quarter.
- Fuel and Oil Expenses: €1.81 billion, which was lower than the projected €1.9 billion.
- Handling and Catering Expense: €1.13 billion, exceeding the €1.09 billion estimate.
- Landing and En-route Expenses: €647 million, under the expected €682.7 million.
- Engineering and Other Aircraft Costs: €802 million, above the projected €783.5 million.
- Property, IT, and Other Costs: €273 million, below the estimate of €286 million.
- Selling Costs: Amounted to €274 million, underperforming the estimated €290.5 million.
- Market Sentiment: Analysts have 22 buy ratings, 6 hold ratings, and 2 sell ratings, indicating prevailing optimism.
A look at International Consolidated Airlines Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts at Smartkarma have assessed International Consolidated Airlines Group‘s long-term outlook using their unique Smart Scores system. The company received a solid score for Growth, indicating strong potential for future expansion and development. Additionally, International Consolidated Airlines Group scored well in Momentum, suggesting positive market momentum and performance trends ahead. These factors bode well for the company’s growth trajectory in the coming years.
Despite receiving average scores in Value and Dividend, International Consolidated Airlines Group demonstrated resilience, with a score of 3. This resilience factor could help the company weather economic uncertainties and challenges. Overall, the combination of high Growth and Momentum scores, along with decent ratings in other areas, paints a positive picture for the long-term outlook of International Consolidated Airlines Group.
Summary: International Consolidated Airlines Group S.A. provides transportation services worldwide, offering international and domestic air passenger and cargo transportation services.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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